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Listed by Amanda Patterson • Samonas Realty, LLC
$2,100,000
Est. payment /mo
4 Beds
6 Baths
2,986 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,986 sqft
Price per Sqft $703
MLS Listing ID 5064589
Bedrooms 4
Full Baths 6
Construction Status Existing
Year Built 1900
Annual Tax Amount $11,762
Tax Year 2024
Lot Size 1,306 Sqft
Acres 0.03
Property Description
Rare opportunity to own a six-unit multifamily property in the heart of downtown Portsmouth, the first of its kind to hit the market this year! The building features four one-bedroom units and two studio apartments spanning three stories, offering a blend of classic Portsmouth charm and modern updates. Three of the six units have been fully renovated, providing immediate income potential while leaving room to enhance value through additional upgrades. With five vacant units, investors have the flexibility to set market-adjusted rents and maximize returns in one of New Hampshire's most sought-after rental markets. Low operating costs with separately metered utilities and no driveway or yard to maintain, making this an ideal easy-management investment. Situated in a prime downtown location, this property places tenants within walking distance of Portsmouth's vibrant restaurants, shops, and waterfront. Whether you're expanding your portfolio or executing a 1031 exchange, this property offers a rare chance to secure a high-demand asset with exceptional long-term upside. OPEN HOUSES Wednesday 10/8 2pm-4pm, Thursday 10/9 3pm-5pm, Saturday 10/11 11am-2pm
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning CD4
Rooms
Basement Entrance Interior
Basement Concrete Floor, Interior Stairs, Unfinished, Interior Access, Exterior Access
Interior
Cooling Other
Exterior
Utilities Available Cable Available
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
School District Portsmouth
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