155 South Main ST new Save Request In-Person Tour Request Virtual Tour
Franklin,NH 03235
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,125 sqft
Price per Sqft $172
MLS Listing ID 5049759
Bedrooms 10
Full Baths 7
Construction Status Existing
Year Built 1900
Annual Tax Amount $8,247
Tax Year 2024
Lot Size 0.540 Acres
Acres 0.54
Property Description
Located in the city of Franklin, New Hampshire's Lakes Region, this stabilized multifamily property features a total of seven residential units. Tenants are responsible for their own heat and electricity, helping to reduce operational expenses and management overhead. Units 1, 4, and 7 have been fully renovated, while the remaining units have received some updates and are well-maintained. Major system upgrades have been completed, including a new boiler for Unit 5. A variance is currently in process to allow for the construction of a single-family home on the rear portion of the lot, replacing a prior structure—unlocking future development potential. The property also includes a heated barn for storage and offers generous on-site parking. Situated in a designated Opportunity Zone, this property combines immediate cash flow, recent capital improvements, and long-term development upside in a desirable location.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning B1W&S
Rooms
Basement Entrance Interior
Basement Crawl Space,Slab
Interior
Cooling None
Flooring Hardwood,Vinyl Plank
Exterior
Garage Description On-Site,Other,Parking Spaces 11 - 20
Utilities Available Cable
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Slab - Concrete
Sewer Public
Architectural Style Multi-Family
Construction Status Existing