Renovated Multifamily Property For
For Sale
$924,900
7 Jackson Street, Rochester, NH 03867
Five-unit multifamily property with complete renovation and modern systems.
Property Size2,975 SF
Price / SF$310.89
Days on Market131
Property Features for 7 Jackson Street
General Information
Standard status
Active
Size
2,975 SF
Property subtype
Multi Family
Zoning
Downtown Commercial
Taxes and HOA fees
Annual Taxes
$7,712
Building Details
Year Built
1900
Stories
2
Listing Agency:
Tide Rock Management
(603) 570-6165
Listed By:
Marc Smith
(603) 570-6165
Source:
Laerrealty
Added: Apr 15
Changed: Aug 23
Last Checked: Aug 22 at 11:26AM
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 Tide Rock Management
Investment Insights
Based on property information with market context.
This five-unit multifamily property has been completely renovated, resulting in a new interior within a traditional structure. The recent renovation included the installation of a state-of-the-art fire alarm and sprinkler system, as well as updated electrical, plumbing, and mini-split systems for heating and cooling. The property generates a gross income of $101,340. Located in Rochester, New Hampshire, the property benefits from strong appreciation and rental demand in the Seacoast region. The location has a bike score of 62, indicating it is bikeable, and a walk score of 82, indicating it is very walkable.
Key Highlights
- Five‑unit multifamily property.
- Complete renovation with new electrical, plumbing, and mini‑split systems.
- Benefit from newly installed state‑of‑the‑art fire alarm and sprinkler system.
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
$27,853
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
3.01%
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%
$557,060
$557.1K
Cap Rate 7%
$397,900
$397.9K
Cap Rate 9%
$309,478
$309.5K
Market Conditions
NOI Build-Up for 2,975 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
$52.5K $17.64/SF
− Vacancy
−$1.8K −$0.62/SF
EGI
$50.6K $17.02/SF
− OpEx
−$22.8K −$7.66/SF
NOI
$27.9K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /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%
$557,060
Cap Rate 7%
$397,900
Cap Rate 9%
$309,478
Alternative Uses
Best Use
Apartment 5plus
$397.9K
$348.2K – $464.2K
NOI $27,853 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.9K
$696.4K – $928.6K
NOI $55,713 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
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 - Five-unit multifamily property with complete renovation and modern systems.
Where is this apartment building located?
The property is located at 7 Jackson Street Rochester, NH.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Five‑unit multifamily property.; Complete renovation with new electrical, plumbing, and mini‑split systems.; Benefit from newly installed state‑of‑the‑art fire alarm and sprinkler system.
