5-Unit Multifamily + 8-Bay Garage | Offered at $950,000 | Portfolio Option Available A standout investment in Rochester’s growing multifamily market. 173 North Main Street is a stabilized 5-unit property with strong current income and additional upside. The property features a rare 8-bay garage—perfect for added income or tenant use. Recent improvements include new egress stairs and three fully renovated units. The remaining two units offer value-add potential via rent increases or light updates. 2024 Financials: Total Operating Income: $97,607.39 Total Expenses: $31,469.43 Net Operating Income (NOI): $66,137.96 Cap Rate (at $950,000): 6.96% Estimated Annual Cash Flow (at 25% down, 7% interest, 25-yr amortization): ~$17,345/year Purchase as a standalone asset or part of a combined 11-unit portfolio with neighboring 171 North Main Street. Buyer and buyer agent do own due diligence. 48 hour notice required. Group staggered showings will be scheduled. Proof of funds required to schedule a tour. No seller financing. Adjacent building per MLS: 455966 is also listed. Can be purchased together or separately.
Active
Listed by:
Andrew Bosco,
Four Points Real Estate 888-944-5827
$950,000
173 N Main Street, Rochester, NH 03867
--beds
--baths
3,497sqft
Est.:
Multi Family
Built in 1885
-- sqft lot
$920,800 Zestimate®
$272/sqft
$-- HOA
What's special
Three fully renovated units
- 24 days
- on Zillow |
- 390 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 04, 2025 at 07:38am
Listed by:
Andrew Bosco,
Four Points Real Estate 888-944-5827
Source: PrimeMLS,MLS#: 5034453

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Oil
Cooling
- None
Features
- Basement: Concrete,Interior Entry
Interior area
- Total structure area: 3,497
- Total interior livable area: 3,497 sqft
- Finished area above ground: 3,497
Property
Parking
- Total spaces: 8
- Parking features: Paved
- Garage spaces: 8
Features
- Levels: 3
- Frontage length: Road frontage: 75
Lot
- Size: 0.37 Acres
- Features: Near School(s)
Details
- Zoning description: DTC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Brick/Mortar, Stone
- Roof: Shingle - Asphalt
Condition
- New construction: No
- Year built: 1885
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None, Internet - Cable
Community & HOA
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $355,900
- Annual tax amount: $9,161
- Date on market: 4/2/2025
- Road surface type: Paved
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