Newly Constructed Triplex with Attached
For Sale
$2,200,000
84 86 88 Ryan Farm Road, Windham, NH 03087
MULTI_FAMILY - Other - Windham, NH
Property Size6,452 SF
Price / SF$340.98
Days on Market155
Property Features for 84 86 88 Ryan Farm Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
RD
Rooms
Basement
Subdivision
Del Ray Place
Lot features
Wooded
Directions
NH-111 to London Bridge Road. Take Castle Hill Rd to Ryan Farm Rd.
Standard status
Active
Size
6,452 SF
Taxes and HOA fees
Tax Year
2024
HOA Fee
$450 Monthly
Utilities
Utilities
Cable Available
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Private
Amenities
open concept main living areas
spacious kitchens with center island seating
primary suites with private baths and walk in closets
additional bedrooms
dedicated laundry
private patios
energy efficient systems
Building Details
Year built
2026
Floors in Building
2
Number of units
3
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Compass New England, LLC
(603) 965-2265
Listed By:
Alie Broom
(603) 540-5661
Added: Feb 27
Changed: Jul 30
Last Checked: Aug 1 at 4:06PM
MLS# 5077735
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.
Newly constructed triplex at 84, 86, and 88 Ryan Farm Road in Windham, NH, currently under construction and planned to be delivered as three fully finished, rent-ready units as one complete package. The total living area across all units is approximately 6,452 square feet. Each unit is designed for active-adult living with open-concept main areas, spacious kitchens with center island seating, primary suites with private baths and walk-in closets, additional bedrooms, dedicated laundry, attached garages, and private patios.
The property is located within a 55+ development with an 80/20 occupancy rule in place. The Town of Windham has approved the rental use only, and the units must remain rentals.
Construction features include wood frame with vinyl siding and a shingle roof. The units are heated with propane forced air and cooled with central air. Utilities include cable available, and the water source is private. The property is zoned RD and has an anticipated year built of 2026.
The property is located within a 55+ development with an 80/20 occupancy rule in place. The Town of Windham has approved the rental use only, and the units must remain rentals.
Construction features include wood frame with vinyl siding and a shingle roof. The units are heated with propane forced air and cooled with central air. Utilities include cable available, and the water source is private. The property is zoned RD and has an anticipated year built of 2026.
Key Highlights
- Three fully finished, rent‑ready units delivered as one package
- Over 6,452 SF total living area across the triplex; unit sizes approx. 1,900–2,265 SF
- Year built 2026; currently under construction
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.6k | $25.20 |
| − Vacancy | −$7.3k | −$1.13 |
| EGI | $155.3k | $24.07 |
| − OpEx | −$46.6k | −$7.22 |
| NOI | $108.7k | $16.85 |
6,452 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,692 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,907 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,364 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 03087, NH
15,817
Population
5,753
Households
2.7
Avg Household Size
43
Median Age
66%
College-Educated
98%
High-School Grad
26.7 sq mi
ZIP Area
592
Density / Sq Mi
$189,450
Median Household Income
$92,070
Median Earnings
$3,226
Median Rent
$684,700
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?
Triplex - Triplex under construction in a 55+ development, approved for rental use only, with three rent-ready units and attached garages.
Where is this triplex located?
The property is located at 84 86 88 Ryan Farm Road Windham, NH.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Three fully finished, rent‑ready units delivered as one package; Over 6,452 SF total living area across the triplex; unit sizes approx. 1,900–2,265 SF; Year built 2026; currently under construction
