Last Sold Price
5 beds4 baths2,496 sqft$200/sqft
288 Main St, Alton, NH 03809

Description

(Agents, see non-public remarks) Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month...(Agents, see non-public remarks) Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month (also below market). There are three furnaces that could be zoned so that each unit is paying their own heat ($6k savings). With the property being zoned Residential Commercial (up to six units), buyers should look into the possibility of adding more units in the outbuilding space. It is perfectly set up to accommodate two 750 sqft, 1-2 BR units, or one large unit. According to the zoning ordinance for residential commercial, you're allowed a unit for every 15,000 sqft of land. With the lot being 73,180 sqft there should be enough acreage to expand, especially with the new 2000 + 500 gal septic system that was installed in 2017.
LISTING CLOSED: 04/26/2024 12:00 AM

  1. Listed by Sam Harding • Duston Leddy Real Estate • Cell: 603-254-3338

Sold By Maxfield Real Estate/Wolfeboro

Property Details for 288 Main Street

Status
MLS #
4971856
Days on Market
125
Taxes
$3,549 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1870
Lot Size
1.68 AC / 73,180 SF
Parking
Detached, Leased, Other, Parking Spaces 6+
Water Body Type
Pond
Water View
Yes
Waterfront Property
No
Zoning
Residential Commercial

Location

Add your commute

Building Information for 288 Main Street

Stories1Residences3Year Built1870Building Size-Lot Size1.68 AC / 73,180 SF

Payment Calculator

$2,837 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,541

Property Taxes

$296

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 288 Main Street

Summary
Location and General Information
  • City: Alton
  • County: NH-Belknap
  • Directions: Property is on the east side of Rte 11 as you head through town. Property will show up on your GPS.
  • Latitude: 43.464841048071769
  • Longitude: -71.229095728836057
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 31
  • Zip Code: 03809
Taxes and HOA Information
  • Tax - Gross Amount: $3,549.00
  • Tax Year: 2022
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 4.00
  • Driveway: Gravel, Paved
Property
Lot Information
  • Block: 28
  • Lot: 0
  • Lot - Sqft: 73181.0
  • Lot Features: Hilly
  • Lot Size Acres: 1.68
  • Road Frontage Length: 190.0
  • Square Feet Apx Finished Above Grade: 2496.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 3936.0
  • Square Feet Apx Total Finished: 2496.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 1440.0
  • Square Feet Apx Unfinished BG Source: Public Records
  • Water Body Access: No
  • Water Body Name: Wentworth Pond
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: Unknown
  • Foundation: Granite, Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1870
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Septic Shared
  • Water Source: Public Water - On-Site
  • Utilities: Other
  • Separate Utilities: Yes
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Clapboard Exterior, T1-11 Exterior, Vinyl Siding
  • Roads: Public
  • Roof: Shingle - Architectural
Interior Features
  • Appliances: Water Heater – Electric
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Crawl Space, Full, Stairs - Interior, Unfinished
  • Heat Fuel: Gas - LP/Bottle
  • Heating: Forced Air
  • Cooling: None
  • Total Stories: 1.75
Multi Family
Income & Expenses Information
  • Gross Income: $56,400.00
  • Net Income: $43,896.00
  • Operating Expense Incl: Heat, Insurance, Trash, Utilities, Water/Sewer
  • Operating Expense: $12,504
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 1
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 2
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Apx Sqft: 1128.0
  • Unit 1 Rooms: 5
  • Unit 1 Rental Amount: $1,450.00
  • Unit 1 Tenant Pays: Electric, Hot Water
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 4
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Apx Sqft: 856.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,400.00
  • Unit 2 Tenant Pays: Electric, Hot Water
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 3
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Apx Sqft: 576.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $1,500.00

Property History for 288 Main Street

DateEvent & SourcePriceAppreciation
Apr 26, 2024

Sold

New England Real Estate Network #4971856

$500,000
Apr 25, 2024

Sold (Public Record)

Public Record #1531269811

$500,000

+8.4% / yr

Feb 20, 2024

Active Under Contract

New England Real Estate Network #4971856

DateEvent & SourcePrice
04/26/2024

Sold

New England Real Estate Network #4971856

$500,000
04/25/2024

Sold (Public Record)

Public Record #1531269811

$500,000

+8.4% / yr

02/20/2024

Active Under Contract

New England Real Estate Network #4971856

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 288 Main Street

Taxable ValueLand$112,700Additions$218,900Total$331,600
Tax Record2024$4,304 ($359 / month)
Home Facts
Total Finished SqFt2,470 SqFtAbove Grade Finished SqFt2,470 SqFtStories2Lot Size73,616 SqFtStyleMulti-Family Res (5+ Units)Year Built1870Year Renovated1870ZoningRC-RESCountyBELKNAPAPNALTN M:31 B:28

Schools near 288 Main Street

This home is within Prospect Mountain School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 13
Rating
School
Distance
Alton Central School (Elem)
PublicPK to 8

Prospect Mountain High School
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 288 Main Street, Alton, NH 03809
$500,000
5
4
2,496
73,180
$127,500
3
1,200
217,800
3
1.5
1,582
8,276
2
1.5
1,282
10,454
$522,000
2
2,078
16,117
$64,900
4
2,400
7,405

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Duston Leddy Real Estate

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 08/05/2026 12:52 PM