Turnkey 6-Unit Multifamily
7-9 Broadway Pembroke, NH 03275
7-9 Broadway, Pembroke, NH, 03275
$1,100,000
For Sale
$1,100,000
Fully renovated 6-unit multifamily property with updated interiors, select in-unit laundry, and off-street parking.
Property Size4,710 SF
Price / SF$233.55
Days on Market126
Property Features for 7-9 Broadway
General Information
- Standard status
- Active
- Size
- 4,710 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
Downtown Realty
(603) 554-2309
Listed by
Matthew Lefebvre · License #070207
(603) 554-2309
Source
Compass
Added: Mar 20 Updated: Jul 23 at 5:16AM Checked: Jul 23 at 5:16AM
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
Investment Insights
Based on property information with market context.
7–9 Broadway is a fully renovated 6-unit multifamily property featuring a well-balanced unit mix of two 1BR/1BA units, three 2BR/1BA units, and one 3BR/1BA unit. The building has undergone substantial improvements under current ownership, and all units have been updated with modern finishes. Four of the units include in-unit laundry, and there are six off-street parking spaces.
The property is located in the heart of Pembroke’s Suncook Village with convenient access to Route 3. It is also described as being within close proximity to Concord and Manchester, two major employment centers in the region.
Utilities are structured so tenants are responsible for their own heat and electricity, while ownership covers water and sewer.
The property is located in the heart of Pembroke’s Suncook Village with convenient access to Route 3. It is also described as being within close proximity to Concord and Manchester, two major employment centers in the region.
Utilities are structured so tenants are responsible for their own heat and electricity, while ownership covers water and sewer.
Key Highlights
- Fully renovated 6‑unit multifamily building with 4,710 SF on a 0.20‑acre parcel (7–9 Broadway)
- Unit mix: two 1BR/1BA, three 2BR/1BA, and one 3BR/1BA
- Updated interiors with in‑unit laundry in four units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Apartment 5plus
$890.6K
$779.3K – $1.04M
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
NOI $85,847 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully renovated 6-unit multifamily property with updated interiors, select in-unit laundry, and off-street parking.
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 building with 4,710 SF on a 0.20‑acre parcel (7–9 Broadway); Unit mix: two 1BR/1BA, three 2BR/1BA, and one 3BR/1BA; Updated interiors with in‑unit laundry in four units
