Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Multifamily Property in Pembroke Title is generated by Realmo AI

    7-9 Broadway, Pembroke, NH 03275

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Fully renovated 6-unit property with strong income in place.

    Type:Investment
    Property size:
    4,710 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $233/SF
    Added:
    Mar 23, 2026
    Days on Market:
    55
    Last Refresh:
    Mar 21 at 8:00 am

    Property Features for 7-9 Broadway

    General Information

    Standard status
    Active
    Size
    4,710 SF
    Lot size
    0.20 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Matthew Lefebvre
    Matthew Lefebvre

    Listing agent Matthew Lefebvre License #070207

    Listing office Downtown Realty

    Listing date Mar 23, 2026

    Source Elliman

    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 Downtown Realty

    HighLights

    • Fully renovated 6‑unit multifamily property offering a stabilized, turnkey asset.
    • Strong in‑place income and cash flow.
    • Desirable unit mix: two 1BR/1BA, three 2BR/1BA, and one 3BR/1BA, all updated with modern finishes.
    • Four units feature in‑unit laundry.
    • Convenient access to Route 3 and close proximity to Concord and Manchester employment centers.
    • Tenants responsible for their own heat and electricity.

    Overview

    The property at 7–9 Broadway is a fully renovated 6-unit multifamily building situated in Pembroke’s Suncook Village. The building has a total area of approximately 4,710 square feet and is located on a 0.20-acre parcel. The property has undergone significant renovations under current ownership, presenting a stabilized, turnkey asset with strong in-place income. The unit mix includes two 1-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one 3-bedroom/1-bathroom unit. All units have been updated with modern finishes, and four units feature in-unit laundry. There are six off-street parking spaces available. Tenants are responsible for their own heat and electricity, while the owner covers water and sewer. The property is strategically located with convenient access to Route 3, providing close proximity to Concord and Manchester. The Suncook Village area experiences steady rental demand due to its affordability and accessibility. This property offers an attractive opportunity for investors seeking a stabilized multifamily asset in the greater Concord submarket.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $692.7K
    NOI $62,343 @ 9.00% cap · cautious / downside scenario
    Moderate
    $890.6K
    NOI $62,343 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.25M
    NOI $62,343 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $118.7k $25.20
    − Vacancy −$5.3k −$1.13
    EGI $113.4k $24.07
    − OpEx −$51.0k −$10.83
    NOI $62.3k $13.24
    4,710 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $890.6K
    $779.3K – $1.04M (±1% cap)
    NOI $62,343 @ 7.0% cap · market cap 5.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,847 @ 7.0% cap · market cap 7.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4517967
    Latitude
    43.132665

    Nearby Similar for Sale

    • $625,000
      2,403 SF

      Turnkey Duplex on Wooded Acre

      Turnkey duplex in Pembroke with separate utilities and fenced backyard.
      158 Tina Drive, Pembroke, NH 03275
      View Details
    • $525,000
      2,290 SF

      Pembroke Three Family Investment Property

      Well-maintained three-family in Pembroke, NH with long-term tenants.
      163-165 Main Street, Pembroke, NH 03275
      View Details
    • $1,100,000
      5,970 SF

      Multifamily Property with Six Units

      Six-unit multifamily property available for purchase.
      7 Broadway, Pembroke, NH 03275
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully renovated 6-unit property with strong income in place.
    Where is this apartment building located?
    The property is located at 7-9 Broadway Pembroke, NH.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Fully renovated 6‑unit multifamily property offering a stabilized, turnkey asset.; Strong in‑place income and cash flow.; Desirable unit mix: two 1BR/1BA, three 2BR/1BA, and one 3BR/1BA, all updated with modern finishes.
    (603) 554-2309
    We can help!
    Listing Contact
    Matthew Lefebvre
    Matthew Lefebvre
    Real Estate License ID: 070207
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7-9 Broadway, Pembroke, NH 03275
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!