38 Washington St · Claremont, NH 03743-5550

$330,000

7 bd · 3.0 ba · 2,987 sqft · MultiFamily public records · 210 Days on market

Built 1900 0.27 ac lot $110/sqft · 49% above area Est $222k · 49% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Cash flowing triplex in a convenient location in Claremont NH. This building is fully rented and features two 3- bedroom and one 2-bedroom apartments. Great one to add to your portfolio. Message for showings.

Key facts

• 0.27 acre lot
• Built 1900
• Listed 210 days

What this means for you Summary

Snapshot

• This is a 2×3bd/1ba + 1×2bd/1ba units multifamily listed at $330k.

Deal economics

• At list price, monthly cash flow is $2k ($27k/yr) — positive. Per door: $738/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $330k).
• Recommended offer: $290k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 3.2% in Claremont — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#50 in NH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment C-, schools D-, amenities F.
• Claremont School District (town): math 24% / reading 35% proficiency, ranked #85 of 98 in NH (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 1 active listings in the ZIP; 98 units permitted in Sullivan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($2k loan paydown + $10k appreciation (3.0% local appreciation)).
• Sullivan County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $92k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y ago; this cycle's ask has dropped $1.71M (84%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $165k; list at $330k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $290,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.76% ✓
• Cap rate: 14.34%
• Cash-on-cash: 28.76%
• DSCR: 2.28
• GRM: 4.7

CMA / ARV

• ARV (median comp): $221,659
• List price: $330,000
• Delta: 48.88%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
49 Central St	0.44mi	6/3.0 (-1)	2,954 (-1%)	14mo	$260,000	$88	61
55 Sullivan St	0.36mi	6/2.0 (-1)	3,194 (+7%)	10mo	$182,500	$57	54
47 Walnut St	0.48mi	8/— (+1)	3,072 (+3%)	17mo	$255,000	$83	54
110 Sullivan St	0.53mi	6/3.0 (-1)	2,708 (-9%)	2mo	$298,000	$110	53
85-87 Summer St	0.56mi	7/3.0	3,094 (+4%)	22mo	$330,000	$107	49
62 Pearl St	0.41mi	6/3.0 (-1)	2,549 (-15%)	14mo	$260,000	$102	40
142 Pearl St	0.61mi	6/2.0 (-1)	2,800 (-6%)	17mo	$215,000	$77	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.7%
• Equity multiple: 2.96×
• Total profit: $180,925
• Equity at exit: $148,382

10-year hold

• IRR: 34.9%
• Equity multiple: 5.83×
• Total profit: $446,681
• Equity at exit: $228,675

Cash invested: $92,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 56 Moderately Landlord-Leaning
• State New Hampshire: 56 Moderately Landlord-Leaning · D+1
• County: — inherits STATE
• City: — inherits STATE

Has just-cause statute; 30-day notice; landlord-leaning vs. neighbors.

Methodology + full state rankings →

ZIP-level market 03743-5550

• Active inventory: 1
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $5,806 medium
• Mortgage (P&I): −$1,731
• Tax from tax record: −$504 /mo · $6,053/yr
• Insurance: −$138
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,219
• Net cashflow: $2,214

Break-even live

Break-even rent $3,003

Max offer price $330,000

Occupancy floor 57%

Sensitivity live

Price	-10% $2,401	-5% $2,308	+0% $2,214	+5% $2,121	+10% $2,027
Rent	-10% $1,756	-5% $1,985	+0% $2,214	+5% $2,444	+10% $2,673
Rate	-1.0pp $2,380	-0.5pp $2,298	base $2,214	+0.5pp $2,129	+1.0pp $2,042

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$4,156
1× unit	2	1	$1,649
Total (3 units)			$5,806

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Listing history 37 events

1. 2026-06-19
   days on market $330,000 Active 210 DOM
2. 2026-06-18
   days on market $330,000 Active 209 DOM
3. 2026-06-17
   days on market $330,000 Active 208 DOM
4. 2026-06-16
   days on market $330,000 Active 207 DOM
5. 2026-06-15
   days on market $330,000 Active 206 DOM
6. 2026-06-14
   days on market $330,000 Active 204 DOM
7. 2026-06-12
   days on market $330,000 Active 203 DOM
8. 2026-06-09
   days on market $330,000 Active 200 DOM
9. 2026-06-08
   days on market $330,000 Active 199 DOM
10. 2026-06-07
    days on market $330,000 Active 198 DOM
11. 2026-06-05
    days on market $330,000 Active 195 DOM
12. 2026-06-03
    days on market $330,000 Active 194 DOM
13. 2026-06-02
    days on market $330,000 Active 193 DOM
14. 2026-06-01
    days on market $330,000 Active 192 DOM
15. 2026-05-31
    days on market $330,000 Active 191 DOM
16. 2026-05-30
    days on market $330,000 Active 190 DOM
17. 2026-05-01
    status Active 208-char remark

    Show marketing remark (208 chars)

    Cash flowing triplex in a convenient location in Claremont NH. This building is fully rented and features two 3- bedroom and one 2-bedroom apartments. Great one to add to your portfolio. Message for showings.

18. 2026-05-01
    historical 208-char remark

    Show marketing remark (208 chars)

    Cash flowing triplex in a convenient location in Claremont NH. This building is fully rented and features two 3- bedroom and one 2-bedroom apartments. Great one to add to your portfolio. Message for showings.

19. 2026-04-02
    price $330,000 208-char remark

    Show marketing remark (208 chars)

    Cash flowing triplex in a convenient location in Claremont NH. This building is fully rented and features two 3- bedroom and one 2-bedroom apartments. Great one to add to your portfolio. Message for showings.

20. 2025-11-25
    price $360,000 208-char remark

    Show marketing remark (208 chars)

    Cash flowing triplex in a convenient location in Claremont NH. This building is fully rented and features two 3- bedroom and one 2-bedroom apartments. Great one to add to your portfolio. Message for showings.

21. 2025-11-20
    listed $2,040,000 Active - Delayed Showings 208-char remark

    Show marketing remark (208 chars)

    Cash flowing triplex in a convenient location in Claremont NH. This building is fully rented and features two 3- bedroom and one 2-bedroom apartments. Great one to add to your portfolio. Message for showings.

22. 2021-11-08
    soldstatus $165,000
23. 2021-11-05
    soldstatus $165,000 Closed 226-char remark

    Show marketing remark (226 chars)

    Recently renovated income producing 3 family. Recent improvements include exterior paint, siding, and roof. Some parking, stable tenants and a desirable cap rate. This is a turn-key investment. This building is a solid 12 cap!

24. 2021-09-24
    historical Active with Contract 226-char remark

    Show marketing remark (226 chars)

    Recently renovated income producing 3 family. Recent improvements include exterior paint, siding, and roof. Some parking, stable tenants and a desirable cap rate. This is a turn-key investment. This building is a solid 12 cap!

25. 2021-09-14
    status Active 226-char remark

    Show marketing remark (226 chars)

    Recently renovated income producing 3 family. Recent improvements include exterior paint, siding, and roof. Some parking, stable tenants and a desirable cap rate. This is a turn-key investment. This building is a solid 12 cap!

26. 2021-09-07
    historical Active with Contract 226-char remark

    Show marketing remark (226 chars)

    Recently renovated income producing 3 family. Recent improvements include exterior paint, siding, and roof. Some parking, stable tenants and a desirable cap rate. This is a turn-key investment. This building is a solid 12 cap!

27. 2021-07-07
    listed $189,900 Active 226-char remark

    Show marketing remark (226 chars)

    Recently renovated income producing 3 family. Recent improvements include exterior paint, siding, and roof. Some parking, stable tenants and a desirable cap rate. This is a turn-key investment. This building is a solid 12 cap!

28. 2006-04-11
    soldstatus $38,800
29. 2006-03-27
    historical
30. 2005-10-31
    listed $45,000
31. 2003-02-26
    soldstatus $104,000
32. 2002-12-23
    historical
33. 2002-09-19
    listed $104,000
34. 2001-12-04
    soldstatus $49,000
35. 2001-11-30
    soldstatus $49,000
36. 2001-09-10
    historical
37. 2001-09-05
    listed $49,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NH · Partial reset (capped growth)

• Current annual tax: $6,053 · $504/mo
• Projected year-2 tax: $6,624 · $552/mo
• Expected delta: +$570/yr (+$48/mo · 9.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $69,672
• − Mortgage interest: −$18,485
• − Property taxes: −$6,053
• − Insurance: −$1,650
• − Repairs & maintenance: −$5,574
• − Management: −$5,574
• − Depreciation: −$9,600
• Taxable income: $22,736
• Est. tax owed @ 24.0%: −$5,457
• After-tax cash flow: $21,114/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Claremont School District
• NCES district ID: 3302340
• Math proficiency: 24% ▼ -7.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $43,285
• Composite: 25.11/100
• National rank: #7528
• State rank: #85 of 98 in NH

Livability — Claremont

• Score: 69/100
• State rank: #50
• US rank: #8815

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment C- Housing A Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Claremont, NH

Population outlook (Sullivan County) Hauer SSP2

• Today (2025): 41,322 people
• By 2030: 39,910 · -3.4%
• By 2040: 36,447 · -11.8%
• By 2050: 32,917 · -20.3%
• By 2075: 25,997 · -37.1%
• By 2100: 19,479 · -52.9%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+573.5% since first listed

21 events — show timeline

• 2026-05-01 Relisted — PrimeMLS
• 2026-05-01 Delisted — PrimeMLS
• 2026-04-02 Price Changed $330,000 PrimeMLS
• 2025-11-25 Price Changed $360,000 PrimeMLS
• 2025-11-20 Listed $2,040,000 PrimeMLS
• 2021-11-08 Sold (Public Records) $165,000 Public Records
• 2021-11-05 Sold (MLS) $165,000 PrimeMLS
• 2021-09-24 Contingent — PrimeMLS
• 2021-09-14 Relisted — PrimeMLS
• 2021-09-07 Contingent — PrimeMLS
• 2021-07-07 Listed $189,900 PrimeMLS
• 2006-04-11 Sold (MLS) $38,800 PrimeMLS
• 2006-03-27 Delisted — PrimeMLS
• 2005-10-31 Listed $45,000 PrimeMLS
• 2003-02-26 Sold (MLS) $104,000 PrimeMLS
• 2002-12-23 Delisted — PrimeMLS
• 2002-09-19 Listed $104,000 PrimeMLS
• 2001-12-04 Sold (Public Records) $49,000 Public Records
• 2001-11-30 Sold (MLS) $49,000 PrimeMLS
• 2001-09-10 Delisted — PrimeMLS
• 2001-09-05 Listed $49,000 PrimeMLS

Property tax history

+1.3%/yr

Latest (2025): $6,053 · +4.4% YoY. Source: county tax records.