Listing courtesy of Andrew Bosco, Four Points Real Estate Phone: 888-944-5827
173 N Main Street, Rochester, NH, 03867
0 beds
1885
Multi-Family
3,497 sqft
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.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
DTC
Frontage:
75
Garage:
8-car Garage
Heating:
Oil
Cooling:
None
Basement:
Concrete
Acreage:
0.37
Est. Taxes:
$9,161
Assessment
$355,900
Lot Description:
Near School(s)
MLS #:
5034453