Baxter Capital
Multifamily Fund I
Baxter Capital Group, LLC acquires a diversified portfolio of multifamily real estate assets through a professionally managed investment fund. Our current offering, Baxter Capital Multifamily Fund I, is targeting a $10 million raise. Investor equity is structured at one unit per $100,000 contributed. Capital is strategically deployed across multiple properties in New Hampshire, providing built-in risk diversification. Investors are projected to receive a full return of capital within 24 months or earlier, following a capital event such as a property refinance, while continuing to receive consistent monthly profit distributions.
For a fully-interactive set of charts and graphs describing the assets purchased to date, please head over to our Interactive Investor Hub. There you’ll find an ever-vigilant AI bot willing to answer any questions about the existing real estate portfolio and its track record.
Below is a breakdown of some of the real estate assets currently under management:
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✅ Completed or Refinanced Properties (with Executed Capital Events)
1. 91 West St, Manchester, NH (6 units)
- Purchased: 3/25/2020 for $380K
- Rent increase: +76.2%
- Refi: 7/16/2021 at $790K valuation
- IRR: 187.25%
2. 548 Goebel St, Berlin, NH (8 units)
- Purchased: 7/12/2021 for $250K
- Rent increase: +33.75%
- Refi: 8/25/2022 at $375K valuation
- IRR: 111.39%
3. 494 Wilson St, Manchester, NH (5 units)
- Purchased: 11/27/2023 for $625K
- Rent increase: +222.81%
- Refi scheduled: 11/13/2024 at $925K valuation
- IRR: 120%
4. 44 Main St, Pittsfield, NH (3 units)
- Purchased: 10/17/2023 for $280K
- Rent increase: +118.75%
- Refi scheduled: 12/6/2024 at $450K valuation
- IRR: 186.28%
5. 17 Bridge St, Pittsfield, NH (4 units)
- Purchased: 2/9/2023 for $325K
- Rent increase: +111.51%
- Refi valuation: $543K
- IRR: 97.18%
6. 396 Cedar St, Manchester, NH (5 units)
- Purchased: 6/1/2023 for $615K
- Rent increase: +56%
- Refi valuation: $900K
- IRR: 105.71%
7. 50–52 Rowe Ct, Laconia, NH (10 units)
- Purchased: 7/24/2023 for $815K
- Rent increase: +27.62%
- Refi scheduled: 4/2/2025 at $1.5M valuation\
- IRR: 98.71%
8. 261 Union Ave, Laconia, NH (9 units)
- Purchased: 9/8/2023 for $855K
- Rent increase: +31.47%
- Refi scheduled: 4/2/2025 at $1.2M valuation
- IRR: 97.71%
9. 111 Walnut St, Nashua, NH (4 units)
- Purchased: 7/28/2023 for $570K
- Rent increase: +227.08%
- Refi scheduled: 9/5/2024 at $900K valuation
- IRR: 430.47%
10. 305 Cedar St, Manchester, NH (9 units)
- Purchased: 12/29/2023 for $1.08M
- Rent increase: +26.46%
- Refi scheduled: 3/26/2025 at $1.697M valuation
- IRR: 117.76%
11. 11 Orange St, Farmington, NH (5 units)
- Purchased: 5/2/2024 for $560K
- Rent decreased: –11.95% (early-stage)
- Refi valuation: $800K
- IRR: 295.28%
12. 65 Green St, Somersworth, NH (5 units)
- Purchased: 3/28/2024 for $760K
- Rent increase: +16.96%
- Refi scheduled: 3/26/2025 at $1.2M valuation
- IRR: 488.89%
🟡 In-Progress or Not Yet Refi’d (Capital Events Pending)
1. 44 Chestnut St, Pittsfield, NH (5 units)
- Purchased: 5/15/2023 for $385K
- Rent increase: +26.78%
- Valuation: $533K
- IRR (unrefined): 64.39%
2. 9–11 Worster St, Farmington, NH (11 units)
- Purchased: 1/30/2024 for $1.21M
- Rent increase: +4.13%
- Estimated valuation: $1.6M
- IRR: 97.05%
3. 55-Unit Portfolio, Strafford County, NH
- Purchased: 7/2/2024 for $6.875M
- Rent increase: +31.34%
- Valuation: $8M
- IRR: 91.05%
4. 330 Central St, Franklin, NH (24 units)
- Purchased: 8/30/2024 for $2.007M
- Rent increase: +9.04%
- Estimated valuation: $3M
- IRR: 426%
5. 42–44 Congress St, Rochester, NH (4 units)
- Purchased: 10/16/2024 for $560K
- Rent increase: +56.36%
- Valuation: $700K
- IRR: 257.34%
6. 297 Main St, Farmington, NH (7 units)
- Purchased: 12/13/2024 for $580K
- Rent increase: 0%
- Valuation: $580K (flat)
- IRR: N/A (too early)
7. 371 Manchester St, Manchester, NH (7 units)
- Purchased: 12/23/2024 for $840K
- Rent decrease: –19.95%
- Valuation: $840K
- IRR: N/A (early or repositioning phase)
8. 62-Unit Portfolio (Manchester, Raymond, Farmington, NH)
- Purchased: 2/28/2025 for $7.553M
- Rent increase: +4.10%
- Valuation unchanged (likely early-stage)
- IRR: N/A
📊 Portfolio Totals
- Total Purchase Volume: $27.1M+
- Investor Equity Raised: $7.6M+
- Average Rent Increase (many properties): 25%–200%
- Common Refi Timelines: 12–18 months
- Estimated IRRs on Completed Projects: Frequently exceeds 100%; some as high as 430%+
Property |
Units |
Purchase Date |
Purchase Price |
% Rent Increase |
Est. Valuation |
Refi/Sale Date |
Est. IRR (%) |
|---|---|---|---|---|---|---|---|
| 91 West St, Manchester, NH | 6 | 3/25/2020 | $380,000 | 76.20% | $790,000 | 7/16/2021 | 187.25% |
| 548 Goebel St, Berlin, NH | 8 | 7/12/2021 | $250,000 | 33.75% | $375,000 | 8/25/2022 | 111.39% |
| 494 Wilson St, Manchester, NH | 5 | 11/27/2023 | $625,000 | 222.81% | $925,000 | 11/13/2024 | 120.00% |
| 44 Main St, Pittsfield, NH | 3 | 10/17/2023 | $280,000 | 118.75% | $450,000 | 12/6/2024 | 186.28% |
| 17 Bridge St, Pittsfield, NH | 4 | 2/9/2023 | $325,000 | 111.51% | $543,000 | None | 97.18% |
| 396 Cedar St, Manchester, NH | 5 | 6/1/2023 | $615,000 | 56.00% | $900,000 | None | 105.71% |
| 50–52 Rowe Ct, Laconia, NH | 10 | 7/24/2023 | $815,000 | 27.62% | $1,500,000 | 4/2/2025 | 98.71% |
| 261 Union Ave, Laconia, NH | 9 | 9/8/2023 | $855,000 | 31.47% | $1,200,000 | 4/2/2025 | 97.71% |
| 111 Walnut St, Nashua, NH | 4 | 7/28/2023 | $570,000 | 227.08% | $900,000 | 9/5/2024 | 430.47% |
| 305 Cedar St, Manchester, NH | 9 | 12/29/2023 | $1,080,000 | 26.46% | $1,697,000 | 3/26/2025 | 117.76% |
| 11 Orange St, Farmington, NH | 5 | 5/2/2024 | $560,000 | -11.95% | $800,000 | None | 295.28% |
| 65 Green St, Somersworth, NH | 5 | 3/28/2024 | $760,000 | 16.96% | $1,200,000 | 3/26/2025 | 488.89% |
| 44 Chestnut St, Pittsfield, NH | 5 | 5/15/2023 | $385,000 | 26.78% | $533,000 | None | 64.39% |
| 9–11 Worster St, Farmington, NH | 11 | 1/30/2024 | $1,210,000 | 4.13% | $1,600,000 | None | 97.05% |
| 55-Unit Portfolio, Strafford County, NH | 55 | 7/2/2024 | $6,875,000 | 31.34% | $8,000,000 | None | 91.05% |
| 330 Central St, Franklin, NH | 24 | 8/30/2024 | $2,007,500 | 9.04% | $3,000,000 | None | 426.00% |
| 42–44 Congress St, Rochester, NH | 4 | 10/16/2024 | $560,000 | 56.36% | $700,000 | None | 257.34% |
| 297 Main St, Farmington, NH | 7 | 12/13/2024 | $580,000 | 0.00% | $580,000 | None | -- |
| 371 Manchester St, Manchester, NH | 7 | 12/23/2024 | $840,000 | -19.95% | $840,000 | None | -- |
| 62-Unit Portfolio, NH | 62 | 2/28/2025 | $7,553,000 | 4.10% | $7,553,000 | None | -- |