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  • Listed by: 

    Carol Parker,

    Engel & Volkers Portsmouth Cell:978-407-0570

    Bought with: Chinburg Management, LLC
    $1,725,000

    28 Elm Street, Newmarket, NH 03857

    16beds
    7,144sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $241/sqft
    $2,871 Estimated rent

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    $2,871/mo

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    $9,262/mo

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    What's special

    INVESTMENT OPPORTUNITY. Commanding a prime spot in the heart of town, this well-constructed and impeccably maintained property boasts over 8,000 sq. ft., comprising 7 units, two of which are multi-level units. All have well-equipped kitchens and generous living space. The building offers coin-op laundry and off-street parking for all tenants. This attractive income-generating property grosses $200,000/year and shows a strong, consistent rental history of all units being occupied. Excellent opportunity for future capital gains over time. Nestled on the banks of the Lamprey River, Newmarket was voted one of the ‘most charming small towns in America’, according to HGTV. With its laid-back quintessential New England feel, it is ideally located, offering a myriad of activities including: restaurants, breweries, outdoor events, shopping, hiking, as well as easy access to the University of New Hampshire in Durham and Great Bay (kayaking, boating and trail walks). Only a 25-minute drive to the City of Portsmouth, within an hour to Boston, easy access to international airports. A must-see for wise investors. Call me today for immediate showings.

    Zillow last checked: 8 hours ago

    Listing updated: May 15, 2023 at 07:48pm

    Listed by:

    Carol Parker,

    Engel & Volkers Portsmouth Cell:978-407-0570

    Bought with:

    Jared Trayer

    Chinburg Management, LLC

    Source: PrimeMLS,MLS#: 4946208MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Oil, Baseboard
    Cooling
    • None
    Appliances
    • Included: Owned Water Heater, Tank Water Heater
    Features
    • Basement: Concrete,Storage Space,Basement Stairs,Walk-Up Access
    Interior area
    • Total structure area: 8,008
    • Total interior livable area: 7,144 sqft
    • Finished area above ground: 7,144
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, On Site
    Features
    • Levels: 3
    Lot
    • Size: 0.30 Acres
    • Features: Sidewalks, Street Lights
    Details
    • Parcel number: NMARMU2B216L
    • Zoning description: Commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Concrete, Granite
    • Roof: Asphalt Shingle
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Newmarket