3 Unit Multifamily

Multi-Family for Sale
Catylist Listing ID: 30843248
Property Subtypes: Duplex/Fourplex
Number of Units: 19 Units
Building Size (RSF): 3,099 SF
Gross Land Area: 4,517 SF
Sale Price: $595,000
Unit Price: $31,315.79 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 13-15 Summer Street
Usable Size (USF): 3,099 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/12/2024

Overview / Comments

3 unit multifamily for sale in downtown Somersworth, which is in an Opportunity Zone. Consists of three recently renovated units with a total of 8 bedrooms and 4 bathrooms. Professionally managed and fully leased at time of listing. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine.
Property is available individually or as a portfolio together with 10 Green Street, Somersworth, NH (NECPE Listing ID #30843192) and 211-213 Main Street, Somersworth, NH (NECPE Listing ID #30843240) for a total list price of $2,890,000.
Offering Memorandum is available upon signing of the NDA on page 2 of the attached Flyer.


Finance Data Year 2023
Real Estate Taxes - Annual($) $6,750 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Submarket/Township: Dover/Rochester/Somersworth
Submarket Type: Central Business District
Tax ID/APN: 09-236-0
Zoning: R3
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1912
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: 2 story colonial-style house with 2 levels of full-length covered front porches. Vinyl siding, newer metal windows.
Parking Type: Structure, Surface
Parking Description: Garage parking for 2 cars with additional driveway parking for 2 cars
Total Parking Spaces: 4
Sprinklers: None
Heat Type: Oil
Heat Source: Radiant
Fuel: Oil
Air Conditioning: Other
Zoning Description: Residential/Multi-Family (R-3)
Lot Frontage: 52'
Lot Depth: 90'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,907 22,804 55,838
Median Age: 34.23 38.59 38.13
Households: 2,824 9,178 22,749


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