Building Details

Year Built 1870

Buildings 1

Listing Agency: Aaron Woods Of Badger Peabody & Smith Realty/Plymouth

Listed By: Chadd Dempsey Real Estate Experts Show Phone

Source: Dempseyteam

Added: Aug 28 Changed: Oct 13 Last Checked: Oct 12 at 7:52PM

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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 Aaron Woods Of Badger Peabody & Smith Realty/Plymouth

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.

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 / Yr

$51,291

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $70,628 @ 7.0% cap · market cap 6.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon HVAC Service Pharmacy Building Supply Nail Salon Grocery & Convenience Store

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

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

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 apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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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