New Construction Triplex in 55+
84 86 88 Ryan Farm Road Windham, NH 03087
For Sale
$2,200,000
MULTI_FAMILY - Other - Windham, NH
Property Size6,452 SF
Price / SF$340.98
Days on Market150
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
Standard status
Active
Size
6,452 SF
Taxes and HOA fees
Tax Year
2024
Utilities
Utilities
Cable Available
Heating system
Forced Air, Propane (Heating)
Cooling system
Central Air
Water source
Private
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 24
Last Checked: Jul 27 at 11:06AM
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.
Situated at 84, 86, and 88 Ryan Farm Road, this newly constructed triplex is designed for turnkey rental living. The property will be delivered as three fully finished, rent-ready units, each laid out with an open-concept main living area, a spacious kitchen with center island seating, and a primary suite with a private bath and walk-in closet. Additional bedrooms, dedicated laundry, attached garages, and private patios complete each unit’s low-maintenance configuration. Across the three units, the total living area is approximately 6,452 square feet, with each unit sized to roughly 1,900 to 2,265 square feet as described in the listing.
The triplex is located within a 55+ development. The community includes an 80/20 occupancy rule noted in the remarks, and the Town of Windham has approved the property for rental use only.
For buyers looking for a cohesive, one-package multifamily asset, this arrangement offers three separate, fully finished rental units under a rental-only approval framework. With the project represented as new construction and delivered with updated finishes and energy-efficient systems, the ownership structure is straightforward: acquire the triplex as-is, with all units intended to remain rentals as required by the Town approval.
The triplex is located within a 55+ development. The community includes an 80/20 occupancy rule noted in the remarks, and the Town of Windham has approved the property for rental use only.
For buyers looking for a cohesive, one-package multifamily asset, this arrangement offers three separate, fully finished rental units under a rental-only approval framework. With the project represented as new construction and delivered with updated finishes and energy-efficient systems, the ownership structure is straightforward: acquire the triplex as-is, with all units intended to remain rentals as required by the Town approval.
Key Highlights
- Newly constructed 3‑unit triplex (under construction, YearBuilt 2026) delivered as three fully finished, rent‑ready units
- 55+ development with an 80/20 occupancy rule; Town of Windham approval for rental use only and units must remain rentals
- Unit sizes of approx. 1,900 to 2,265 SF, for over 6,400 SF total living area across all three units
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three fully finished, rent-ready units approved for rental use in a 55+ development with attached garages and private patios.
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: Newly constructed 3‑unit triplex (under construction, YearBuilt 2026) delivered as three fully finished, rent‑ready units; 55+ development with an 80/20 occupancy rule; Town of Windham approval for rental use only and units must remain rentals; Unit sizes of approx. 1,900 to 2,265 SF, for over 6,400 SF total living area across all three units
