83-85 King Rd Chichester, NH 03258
This exceptional investment opportunity presents two brand-new, three-story apartment buildings totaling 4,944 square feet on a 2.35-acre lot in Chichester, NH (03258). Built in 2023 and renovated in 2024, this Class A property boasts a 7.9% cap rate and a current NOI of $79,579, with a pro-forma NOI projected at $85,000 and a pro-forma cap rate of 6.07%. The property features two units, currently at 100% occupancy, and is zoned RES. High-end finishes include hardwood floors, quartz countertops, stainless steel appliances, and a stone gas fireplace. Amenities include a hot tub, central AC, a basketball hoop, fenced yard, and dual garages with premium composite decks. A detached accessory dwelling unit (ADU) offers over 2000 square feet of additional space with its own private driveway. The asking price is $1,399,900, translating to $283.15 per square foot. This is a stabilized, cash-flow generating investment ideal for discerning buyers seeking a premium property in a desirable location. The meticulously landscaped grounds include a full irrigation system.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.