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Listed by Andrew Bosco • Four Points Real Estate
$ 925,000
Est. payment | /mo
3,497 SqFt
$ 925,000
Est. payment | /mo
3,497 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,497 sqft
Price per Sqft $264
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 $925,000 | 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 + 8 car garages with neighboring 171 North Main Street. Buyer and buyer agent do own due diligence. 48 hour notice required. Group staggered showings will be scheduled. 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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