7-Unit Apartment
For Sale
$599,000
75 W Main Street, Littleton, NH 03561
MULTI_FAMILY - Other - Littleton, NH
Property Size2,938 SF
Lot Size0.39 Acres
Price / SF$203.88
Days on Market117
Property Features for 75 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Com
Rooms
Basement
Lot features
City Lot
Directions
Use GPS
Standard status
Active
Size
2,938 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5355
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
7
Building materials
Wood Frame
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Derek Greene
(860) 560-1006
Listed By:
Derek Greene · License #10371200613
(508) 517-4908
Added: Apr 14
Changed: Jul 28
Last Checked: Aug 8 at 11:06AM
MLS# 5083401
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale apartment building consists of 7 residential units in a structure originally built in 1925. Infrastructure noted in the listing includes a new commercial water heater installed in 2025. The roof is described as mixed condition, with half featuring durable metal expected to last for decades, while the other half reflects age. Interior systems are described as solid, and aged exterior paint is characterized as cosmetic.
The property is located at 75 W Main Street in Littleton, New Hampshire (Grafton County). Zoning is listed as Com. The lot size is stated as 0.39 acres and the building size is listed as 2,938 square feet.
This asset may appeal to buyers seeking a small residential income property and the ability to manage unit occupancy and leasing strategy. Because the listing describes deliberate vacancy in current operations and calls out specific building components that have been updated or are aging, prospective owners should evaluate unit readiness and remaining exterior/roof work as part of their underwriting.
The property is located at 75 W Main Street in Littleton, New Hampshire (Grafton County). Zoning is listed as Com. The lot size is stated as 0.39 acres and the building size is listed as 2,938 square feet.
This asset may appeal to buyers seeking a small residential income property and the ability to manage unit occupancy and leasing strategy. Because the listing describes deliberate vacancy in current operations and calls out specific building components that have been updated or are aging, prospective owners should evaluate unit readiness and remaining exterior/roof work as part of their underwriting.
Key Highlights
- 7‑unit multifamily with an exclusive option to acquire as part of a 19‑unit master portfolio
- Wood frame construction with baseboard heating
- New commercial water heater installed in 2025
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
$26,711
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
4.46%
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%
$534,220
$534.2K
Cap Rate 7%
$381,586
$381.6K
Cap Rate 9%
$296,789
$296.8K
Market Conditions
NOI Build-Up for 2,938 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
$51.1K $17.40/SF
− Vacancy
−$2.6K −$0.87/SF
EGI
$48.6K $16.53/SF
− OpEx
−$21.9K −$7.44/SF
NOI
$26.7K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /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%
$534,220
Cap Rate 7%
$381,586
Cap Rate 9%
$296,789
Alternative Uses
Best Use
Apartment 5plus
$381.6K
$333.9K – $445.2K
NOI $26,711 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 03561, NH
6,005
Population
3,124
Households
1.9
Avg Household Size
47
Median Age
25%
College-Educated
86%
High-School Grad
50.0 sq mi
ZIP Area
120
Density / Sq Mi
$54,545
Median Household Income
$44,391
Median Earnings
$886
Median Rent
$249,000
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 - For-sale 7-unit apartment building built in 1925, with updated commercial water heating and mixed roof condition.
Where is this apartment building located?
The property is located at 75 W Main Street Littleton, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 7‑unit multifamily with an exclusive option to acquire as part of a 19‑unit master portfolio; Wood frame construction with baseboard heating; New commercial water heater installed in 2025
