Mast Road Apartments
Multi-Family275 Mast Rd, Durham, NH 03824
- 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
- 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
- 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
- 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