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Listed by Michael Whitney • KW Coastal and Lakes & Mountains Realty
$ 750,000
Est. payment /mo
Active
223 High ST Somersworth, NH 03878
6 Beds
4 Baths
3,915 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,915 sqft
Price per Sqft $191
MLS Listing ID 5082325
Bedrooms 6
Full Baths 4
Construction Status Existing
Year Built 1870
Annual Tax Amount $11,031
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Property Description
Location, history, and exceptional return on investment. Welcome to 223 High Street in Somersworth, a standout 4-unit property in the heart of the city. This well-maintained historic multi-family seamlessly blends classic character with modern updates, offering both charm and peace of mind. The property is in excellent condition, featuring updated systems, separate utilities, and off street parking—helping to minimize expenses and ensure a smooth, low-maintenance transition for the next owner. The building offers a well-balanced unit mix, with two first-floor units (one 2-bedroom and one 1-bedroom) and two second-floor units (one 2-bedroom and one 1-bedroom studio). All units have been updated, provide ample natural light, and are fully leased, making this a true turn-key investment. With strong income already in place and a 6.98% cap rate, this property is ideal for investors seeking a stable, cash-flowing asset. Ideally located just minutes from downtown, shopping, and major commuter routes, 223 High Street offers the accessibility tenants value and the performance investors seek. A rare opportunity to acquire a fully occupied, income-producing property with proven returns and long-term growth potential.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning R2
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Conversion, Multi-Family, Multi-Level
Construction Status Existing
