4-Unit Apartment Building with
68 South State Street, Concord, NH 03301
For Sale
$720,000
Pending
Two apartments have been renovated, and the property includes off-street parking.
Property Size3,768 SF
Days on Market81
Property Features for 68 South State Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Zaharias Real Estate
Listed By:
Melanie Zaharias · License #054940
(603) 880-3059
Source:
Anotchaboverealestate
Added: Aug 20
Changed: Nov 8
Last Checked: Nov 7 at 5:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zaharias Real Estate
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 3,768 square feet and dates to 1842. Two apartments have been renovated, including one with an updated kitchen and bathroom. The building has a shared heating system and hot water tank serving all four units.
Residents have access to a large off-street parking area. The owner pays utilities, which are included in rents. The roof is approximately 10 years old.
Residents have access to a large off-street parking area. The owner pays utilities, which are included in rents. The roof is approximately 10 years old.
Key Highlights
- Four apartments totaling 3,768 square feet
- Two units have been renovated; one includes an updated kitchen and bathroom
- Large off‑street parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,124
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,480
$1.1M
Cap Rate 7%
$773,200
$773.2K
Cap Rate 9%
$601,378
$601.4K
Market Conditions
NOI Build-Up for 3,768 SF
Gross rent
$81.4K $21.60/SF
− Vacancy
−$4.1K −$1.08/SF
EGI
$77.3K $20.52/SF
− OpEx
−$23.2K −$6.16/SF
NOI
$54.1K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,480
Cap Rate 7%
$773,200
Cap Rate 9%
$601,378
Alternative Uses
Best Use
Multifamily LT 5
$773.2K
$676.6K – $902.1K
NOI $54,124 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$712.5K
$623.4K – $831.2K
NOI $49,874 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$981.1K
$858.5K – $1.14M
NOI $68,678 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two apartments have been renovated, and the property includes off-street parking.
Where is this quadplex located?
The property is located at 68 South State Street Concord, NH.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Four apartments totaling 3,768 square feet; Two units have been renovated; one includes an updated kitchen and bathroom; Large off‑street parking area
