NH > Rochester
Rochester, NH 03867,173 N Main ST
Rochester, NH 03867,173 N Main ST
Rochester, NH 03867,173 N Main ST
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David Greco

David Greco

+1(978) 327-1076
Listed by Andrew Bosco • Four Points Real Estate
$950,000
Est. payment /mo
3,497 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,497 sqft

Price per Sqft $271

MLS Listing ID 5034453

Construction Status Existing

Year Built 1885

Annual Tax Amount $9,161

Tax Year 2023

Lot Size 0.370 Acres

Acres 0.37

Property Description

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.

Location

State NH

County Nh-strafford

Area Nh-Strafford

Zoning DTC

Rooms

Basement Entrance Interior

Basement Concrete

Interior

Cooling None

Exterior

Garage Spaces 8.0

Utilities Available None

Roof Type Shingle - Asphalt

Building

Story 3

Foundation Brick, Stone

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

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agent

David Greco

+1(978) 327-1076

General Manager and Agent MA and NH | License ID: MA 9569405 NH 077530

General Manager and Agent MA and NH License ID: MA 9569405 NH 077530

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