288 Main Street

Closed 4/26/24
Closed 4/26/24
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Sold
Last Sold Price
$500,000
5 beds4 baths2,496 sqft$200/sqft
288 Main St, Alton, NH 03809
Multi FamilyProperty Type
1.68 acresLot Size
1870Year Built
$200/sq ftPrice per sq ft
4 carsParking Spaces

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.

    Sold By Maxfield Real Estate/Wolfeboro

    • Listed by: Sam Harding • Duston Leddy Real Estate Cell: 603-254-3338
    Listing closed: 04/26/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 4971856

    Recent comparable sales

    Median sold price

    $400,000

    Avg days on market

    91

    Sale-to-list ratio

    91.1%

    Alton, NH

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    $450,000 | 161 Frank C Gilman Highway, Alton, NH 03809
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    $590,000 | 103 Main Street, Alton, NH 03809
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    103 Main Street, Alton, NH 03809

    $400,000 | 25 Logan Road, Alton, IL 62002
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    Property Information for 288 Main Street

    Property Details
    • Taxes: $3,549 / year
    • MLS Type: Multi Family
    • County: Belknap County
    • Parking: Detached, Leased, Other, Parking Spaces 6+
    • Water Body Type: Pond
    • Water View: Yes
    • Waterfront Property: No
    • Zoning: Residential Commercial
    Building Information
    • Stories: 1
    • Residences: 3
    • Year Built: 1870
    • Lot Size: 1.68 AC / 73,180 SF
    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
    • 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
    Alton Central School
    		Public - PK to 8
    Prospect Mountain High School
    		Public - 9 to 13
    Rating
    School
    Distance
    Alton Central School
    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
    294 Main Street, Alton, NH 03809
    $127,500
    3
    1,200
    217,800
    253 Main Street, Alton, NH 03809
    –
    3
    1.5
    1,582
    8,276
    255 Main Street, Alton, NH 03809
    –
    2
    1.5
    1,282
    10,454
    155 Letter S Road, Alton, NH 03809
    $522,000
    2
    2,078
    16,117
    241 Main Street, Alton, NH 03809
    $64,900
    4
    2,400
    7,405

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    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 09/14/2026 02:53 AM