Nine-Unit Apartment
New
For Sale
$1,125,000
7 Crescent St, Pittsfield, NH 03263
Nine-unit residential property with varied floor plans, tenant-paid heat, off-street parking, and a private backyard.
Property Size3,875 SF
Price / SF$290.32
Days on Market2
Property Features for 7 Crescent St
General Information
Standard status
Active
Size
3,875 SF
Property subtype
Multi-Family
Units
Unit Mix
5 x studio, 3 x 1BR, 1 x 2BR
Multifamily Units
9
Additional Details
Utilities to Site
Yes
Amenities
off-street parking
large private backyard
Building Details
Year Built
1870
Buildings
1
Listing Agency:
Donna Gerry Of Heigis Real Estate Llc
(603) 472-1010
Listed By:
Chadd Dempsey Real Estate Experts
(603) 472-1010
Source:
Dempseyteam
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 7:01PM
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 Donna Gerry Of Heigis Real Estate Llc
Investment Insights
Based on property information with market context.
This 3,875-square-foot apartment building, constructed in 1870, contains 9 units arranged as 5 studios, 3 one-bedroom apartments, and 1 two-bedroom apartment. The property includes a large private backyard and off-street parking. Tenants pay their own heat, while the building is served by town water and sewer. Newer heating systems and a newer roof are also in place.
Located at 7 Crescent St in Pittsfield, the property sits on a quiet side street near downtown amenities and shopping. Its residential setting combines access to nearby services with a lower-traffic environment. The unit mix provides multiple apartment layouts within one building, supported by parking, outdoor space, and municipal utilities.
Located at 7 Crescent St in Pittsfield, the property sits on a quiet side street near downtown amenities and shopping. Its residential setting combines access to nearby services with a lower-traffic environment. The unit mix provides multiple apartment layouts within one building, supported by parking, outdoor space, and municipal utilities.
Key Highlights
- 9 total apartment units: 5 studios, 3 one‑bedroom units, and 1 two‑bedroom unit
- 3,875 square feet on a 0.00‑acre parcel
- Tenants pay their own heat, reducing owner‑paid utility responsibility
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
$51,291
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
4.56%
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%
$1,025,820
$1.0M
Cap Rate 7%
$732,729
$732.7K
Cap Rate 9%
$569,900
$569.9K
Market Conditions
NOI Build-Up for 3,875 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
$97.7K $25.20/SF
− Vacancy
−$4.4K −$1.13/SF
EGI
$93.3K $24.07/SF
− OpEx
−$42.0K −$10.83/SF
NOI
$51.3K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /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%
$1,025,820
Cap Rate 7%
$732,729
Cap Rate 9%
$569,900
Alternative Uses
Best Use
Apartment 5plus
$732.7K
$641.1K – $854.9K
NOI $51,291 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$882.9K – $1.18M
NOI $70,628 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 03263, NH
4,094
Population
1,868
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
91%
High-School Grad
24.5 sq mi
ZIP Area
167
Density / Sq Mi
$66,823
Median Household Income
$43,466
Median Earnings
$1,185
Median Rent
$270,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit residential property with varied floor plans, tenant-paid heat, off-street parking, and a private backyard.
Where is this apartment building located?
The property is located at 7 Crescent St Pittsfield, NH.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 9 total apartment units: 5 studios, 3 one‑bedroom units, and 1 two‑bedroom unit; 3,875 square feet on a 0.00‑acre parcel; Tenants pay their own heat, reducing owner‑paid utility responsibility
