Mast Road Apartments

Multi-Family

275 Mast Rd, Durham, NH 03824

Mast Road Apartments
Multi-Family For Sale
Asking
$2,750,000
Available
8,710 SF
Listing Details
Type
Sale
Status
Active
Asking Price
$2,750,000
Cap Rate
8.47%
List Date
May 14, 2025
Days on Market
412
Sale NOI
$232,935
Sale Total Expenses
$70,151
Sale Gross Income
$303,086
Owner Occupied
No
Tax Amount
$37,683
Tax Year
2025
Showing Instructions
Call Broker
Last Verified
Jun 8, 2026

8 Unit Investment Property

An exceptional investment opportunity in the heart of Durham, consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham. This turn-key asset features 8 spacious residential units with 22 bedrooms and town approval for up to 27 student beds, offering a unique combination of strong cash flow, prime location, and future flexibility. The property also includes 40 on-site parking spaces, a rare amenity in this highly desirable rental market. A strong investment opportunity with a projected 8.46% cap rate, this property presents a solid, long-term investment in one of NewHampshire’s most sought-after college communities.

Space Details

Primary Use
Multi-family
Postal Address
275-279 Mast Rd
Property Highlights
Type
Multi-Family
Subtype
Low-rise
Building Class
Class A
Size
8,710 SF
Acreage
1.96 Acres
Occupancy Type
Multi Tenant
Year Built
1920
Floors
2
Zoning
MUDOR
Sprinklered
No
County
Strafford
Submarket
Sth,UNH,0
Contact
TA
Thomas A Toye IVPrimary
Arthur Thomas Properties, LLC
Location