Mixed-Use Property in Conway,
9 East Side Road, Conway, NH 03818
Two-unit multi with business space and rental income potential.
Type:Multi Family
Property size:
2,900 SFPrice / SF:
$163/SF- Added:
- Sep 16, 2025
- Days on Market:
- 258
- Last Refresh:
- Mar 17 at 7:07 am
Property Features for 9 East Side Road
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing agent Krista Karnan (603) 630-3586
Listing office KW Coastal and Lakes & Mountains Realty/N Conway (603) 630-3586
Listing date Sep 16, 2025
Source Compass
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 KW Coastal and Lakes & Mountains Realty/N Conway
HighLights
- 2‑unit multi with commercial space and a 2‑bedroom apartment.
- Prime location abutting Saco Canoe Rental Company's parking lot for high visibility.
- Immediate income potential with month‑to‑month tenant in apartment.
- Seller (contractor) willing to negotiate renovations/buildout.
- Located next to the Historic Saco River Covered Bridge and Davis Park.
- Basement with interior and exterior access, offering storage space.
Overview
This two-unit multi-use property in Conway, NH, presents an opportunity for investors and entrepreneurs. The property features space for a business on the main level and a two-bedroom apartment above, suitable for rental income or residential use. Previously a paint shop for over 50 years, the commercial space is ready for customization. The property abuts a canoe rental company's parking lot, offering summertime exposure for a business. The Historic Saco River Covered Bridge and Davis Park are nearby. The apartment has a month-to-month tenant, providing immediate income potential. The seller, a contractor, is willing to negotiate renovations or buildout to fit the buyer's needs. The property size is 2900 square feet.
Local Financial Insights For Mixed Use
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 | $62.6k | $21.60 |
| − Vacancy | −$6.3k | −$2.16 |
| EGI | $56.4k | $19.44 |
| − OpEx | −$21.1k | −$7.29 |
| NOI | $35.2k | $12.15 |
2,900 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 7.42%
Second Best
Multifamily LT 5
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$724.1K
$633.6K – $844.8K
NOI $50,688 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Carroll
- State
- New Hampshire
- Longitude
- -71.1177532
- Latitude
- 43.9821514
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-unit multi with business space and rental income potential.
Where is this mixed-use property located?
The property is located at 9 East Side Road Conway, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2‑unit multi with commercial space and a 2‑bedroom apartment.; Prime location abutting Saco Canoe Rental Company's parking lot for high visibility.; Immediate income potential with month‑to‑month tenant in apartment.
