6-Unit Apartment
9 Central Street, Newmarket, NH 03857
For Sale
$1,200,000
All six apartments are rented and have separate utilities.
Property Size5,353 SF
Price / SF$224.17
Days on Market174
Property Features for 9 Central Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Real Property Real Estate LLC
(603) 343-2202
Listed By:
Paul Haley
Source:
Hammondwheeler
Added: May 25
Changed: Nov 9
Last Checked: Nov 13 at 1:40AM
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 Real Property Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this six-apartment property has separate utilities and recent improvements. All six apartments are currently rented. The building is in downtown Newmarket and is zoned VC-C.
Key Highlights
- Six apartments, all currently rented
- Separate utilities for the apartments
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,230
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,600
$1.6M
Cap Rate 7%
$1,160,429
$1.2M
Cap Rate 9%
$902,556
$902.6K
Market Conditions
NOI Build-Up for 5,353 SF
Gross rent
$154.2K $28.80/SF
− Vacancy
−$6.5K −$1.21/SF
EGI
$147.7K $27.59/SF
− OpEx
−$66.5K −$12.42/SF
NOI
$81.2K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,600
Cap Rate 7%
$1,160,429
Cap Rate 9%
$902,556
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,230 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,751 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 03857, NH
9,430
Population
4,443
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
748
Density / Sq Mi
$94,345
Median Household Income
$53,518
Median Earnings
$1,648
Median Rent
$384,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All six apartments are rented and have separate utilities.
Where is this apartment building located?
The property is located at 9 Central Street Newmarket, NH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments, all currently rented; Separate utilities for the apartments; Built in 1900
