Colonial Multifamily Apartment
For Sale
$1,225,000
92 Cass Street, Portsmouth, NH 03801
The property has CD4-L2 zoning and paved off-street parking.
Property Size5,154 SF
Price / SF$406.03
Days on Market19
Property Features for 92 Cass Street
General Information
Standard status
Active
Size
5,154 SF
Property subtype
Residential Income
Zoning
CD4-L2
Taxes and HOA fees
Annual Taxes
$9,764
Amenities
Forced Air, Natural Gas
Finished, Unfinished
Electric Water Heater
Paved, Off Street
Apartment Building, Colonial, Multi-Family
Building Details
Building Size
5,154 SF
Year Built
1950
Stories
2
Listing Agency:
Duston Leddy Real Estate
Listed By:
Kirstin Stallkamp
(603) 828-3820
Source:
Evrealestate
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 24 at 5:16PM
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 Duston Leddy Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 92 Cass Street in Portsmouth, this 3,017-square-foot residential income property is configured as a Colonial-style apartment building. Built in 1950, it includes finished and unfinished areas, forced-air heating fueled by natural gas, and an electric water heater. Paved off-street parking is provided.
Key Highlights
- 3,017‑square‑foot residential income property
- Colonial‑style multifamily apartment building
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,782
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,640
$915.6K
Cap Rate 7%
$654,029
$654.0K
Cap Rate 9%
$508,689
$508.7K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$86.9K $28.80/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$83.2K $27.59/SF
− OpEx
−$37.5K −$12.42/SF
NOI
$45.8K $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%
$915,640
Cap Rate 7%
$654,029
Cap Rate 9%
$508,689
Alternative Uses
Best Use
Apartment 5plus
$654.0K
$572.3K – $763.0K
NOI $45,782 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.9K – $1.17M
NOI $70,311 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,435
Businesses Nearby
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Business Placement
Demographics for 03801, NH
22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property has CD4-L2 zoning and paved off-street parking.
Where is this residential income property located?
The property is located at 92 Cass Street Portsmouth, NH.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 3,017‑square‑foot residential income property; Colonial‑style multifamily apartment building; Built in 1950
