Listed by Downtown Realty
$1,625,000
Newport Heights: Renovated 12-Unit Building in Newport, NH
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,668
Net Rentable (SqFt) 8,424
Units 12
Cap Rate 8.08%
NOI $131,293
Occupancy 90%
Pro-Forma Cap Rate 9.7%
Pro-Forma NOI $157,566
Price per SqFt $139
Broker Co-Op Yes
Class B
Year Built 1920
Year Renovated 2025
Buildings 1
Stories 3
Acreage 0.310
Zoning Light Commercial
Parking Spaces 12 spaces
Parking Per SqFt 1.03
Investment Type Stabilized
Occupancy Date 03/02/2026
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Multifamily | 12 Units | 8%+ Cap Rate
Investment highlights
12 Unit Multifamily Building
Mix of Studios, 1BR, and 2BR Units
Significant Capital Improvements Made By Current Owner
Plenty of Off-Street Parking
Strong 8%+ Cap Rate in Supply Constrained Market
Listing Contacts
Listed by Downtown Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,293.00
$10,941.08/mo
Valuation Metrics
0
DSCR
8.08%
Cap Rate
8.08%
ROI
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