Building Details

Year Built 1810

Buildings 2

Listing Agency: KW Coastal and Lakes & Mountains Realty

Listed By: Jaylan Archer · License #15905 Show Phone

Source: Carolslocum

Added: Sep 24 Last Checked: Sep 24 at 2:25PM

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Investment Insights

Based on property information with market context.

This four-unit residential property spans two structures totaling 5,927 square feet. The unit mix includes a detached three-bedroom cottage, a duplex, and a seven-bedroom co-living-style residence. The property was built in 1810 and occupies a six-acre lot in Nottingham, New Hampshire.

The cottage offers a separate living arrangement within the broader property, alongside the duplex and co-living-style unit. Together, the buildings provide a varied residential configuration on a substantial parcel.

Key Highlights

• Four residential units across two structures
• 5,927 square feet of building area
• Six‑acre lot in Nottingham, New Hampshire

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$89,941

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

9.08%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,798,820 $1.8M

Cap Rate 7%

$1,284,871 $1.3M

Cap Rate 9%

$999,344 $999.3K

Market Conditions

NOI Build-Up for 5,927 SF 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.

Gross rent

$170.7K $28.80/SF

− Vacancy

−$7.2K −$1.21/SF

EGI

$163.5K $27.59/SF

− OpEx

−$73.6K −$12.42/SF

NOI

$89.9K $15.17/SF

Area

Rockingham County, NH

Vacancy

4.20%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,798,820

Cap Rate 7%

$1,284,871

Cap Rate 9%

$999,344

Alternative Uses

Best Use

Multifamily LT 5

$1.43M

$1.25M – $1.66M (±1% cap)

NOI $99,847 @ 7.0% cap · market cap 10.09%

Second Best

Apartment 5plus

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,941 @ 7.0% cap · market cap 9.08%

Theoretical Best

Office A

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,128 @ 7.0% cap · market cap 13.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Pharmacy Cosmetic Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 03290, NH

5,129

Population

2,206

Households

2.3

Avg Household Size

43

Median Age

42%

College-Educated

97%

High-School Grad

46.3 sq mi

ZIP Area

111

Density / Sq Mi

$108,459

Median Household Income

$58,247

Median Earnings

$2,022

Median Rent

$419,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - A private three-bedroom cottage is part of a multi-building residential property.

Where is this quadplex located?

The property is located at 7 Berry Rd Nottingham, NH.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: Four residential units across two structures; 5,927 square feet of building area; Six‑acre lot in Nottingham, New Hampshire