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Listed by Colleen Guillou • RE/MAX Bentley's
$ 1,399,900
Est. payment /mo
Under Contract
224 Mast RD Durham, NH 03824
8,221 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 8,221 sqft
Price per Sqft $170
MLS Listing ID 5040781
Construction Status Existing
Year Built 1880
Annual Tax Amount $23,035
Tax Year 2024
Lot Size 4.000 Acres
Acres 4.0
Property Description
Perfectly situated just minutes from the University of New Hampshire, this well-maintained building offers an outstanding investment opportunity in a highly desirable rental market. A short drive to UNH, downtown Durham, shopping, dining and public transportation. Easy access to major highways and surrounding areas. This multifamily building has been thoughtfully cared for, featuring spacious units and a strong rental history. The property consists of a mix of one and two-bedroom units, providing flexibility for a variety of tenants. The property is fully rented with reliable tenants, offering an immediate stream of rental income. Generous parking options for residents, ensuring convenience and accessibility. Durham is home to a thriving college town atmosphere with continued demand for housing, making this a solid, long-term investment. Whether you're looking to add a stable cash-flowing asset to your portfolio or seeking future potential for value-add improvements, this 11-unit multifamily property offers tremendous potential in one of New Hampshire's most sought-after locations. Rentals are under market value with opportunity for increased rental income. Septic in need of replacement and seller willing to contribute money back at closing toward new system. Don't miss out on this rare opportunity—schedule a tour today!
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning ORLI
Rooms
Basement Entrance Interior
Basement Dirt Floor
Interior
Cooling None
Exterior
Utilities Available Cable Available, Gas On-Site
Roof Type Asphalt Shingle
Building
Story 3
Sewer 1500+ Gallon, Private, Septic
Architectural Style Cape, Farmhouse
Construction Status Existing
Schools
Elementary Schools Mast Way School
Middle Schools Oyster River Middle School
High Schools Oyster River High School
School District Oyster River Cooperative
