Building Details

Year Built 1900

Listing Agency: BHG Masiello Concord

Listed By: Christina Dominguez Scott Show Phone

Source: Lyvrealty

Added: Jul 21 Changed: Oct 13 Last Checked: Oct 7 at 5:38PM

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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 BHG Masiello Concord

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Investment Insights

Based on property information with market context.

This 3,867-square-foot apartment building, constructed in 1900, contains 11 individually rented bedrooms, each producing separate rental income. The property is fully occupied and has undergone several updates, including a new heating system, interior and exterior painting, and additional interior improvements. Electric baseboard heat and an individual thermostat serve each bedroom, while tenants pay their own heat and electricity.

Two on-site parking areas support tenant parking. The property is located in Henniker with access to local amenities, New England College, Pats Peak Ski Area, and major commuter routes. Several tenants have extended stays, and lease renewals are ongoing.

Key Highlights

• 11 individually rented bedrooms with separate rental income
• 3,867 SF apartment building built in 1900
• Fully occupied multifamily property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,185

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,023,700 $1.0M

Cap Rate 7%

$731,214 $731.2K

Cap Rate 9%

$568,722 $568.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,867 SF

Gross rent

$97.4K $25.20/SF

− Vacancy

−$4.4K −$1.13/SF

EGI

$93.1K $24.07/SF

− OpEx

−$41.9K −$10.83/SF

NOI

$51.2K $13.24/SF

Area

Merrimack County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,023,700

Cap Rate 7%

$731,214

Cap Rate 9%

$568,722

Alternative Uses

Best Use

Apartment 5plus

$731.2K

$639.8K – $853.1K (±1% cap)

NOI $51,185 @ 7.0% cap · market cap 6.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.01M

$881.0K – $1.17M (±1% cap)

NOI $70,482 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Real Estate Agency Furniture & Home Goods Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

191

Businesses Nearby

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Demographics for 03242, NH

6,185

Population

2,359

Households

2.6

Avg Household Size

28

Median Age

42%

College-Educated

99%

High-School Grad

44.1 sq mi

ZIP Area

140

Density / Sq Mi

$87,344

Median Household Income

$35,662

Median Earnings

$1,073

Median Rent

$317,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Fully occupied multifamily property with separately rented bedrooms and tenant-paid heat and electricity.

Where is this apartment building located?

The property is located at 95 Hall Ave Henniker, NH.

What is the asking price?

The asking price for this property is $769,000.

What are key features of this property?

This property features: 11 individually rented bedrooms with separate rental income; 3,867 SF apartment building built in 1900; Fully occupied multifamily property