38-40 Lafayette St

5
Baths
4,482 Sq. Ft.
$190 / Sq. Ft.
4,482
Sq. Ft.
$190
per Sq. Ft.

Description

Cash Cow! Estimated CASHFLOW of $2899.65/month with 25% down. 9.74% CAP RATE. Condo approval in place! Updated and well cared for buildings. Room to increase rents and CASHFLOW!Cash Cow! Estimated CASHFLOW of $2899.65/month with 25% down. 9.74% CAP RATE. Condo approval in place! Updated and well cared for buildings. Room to increase rents and CASHFLOW!
  1. Listed by Christopher Dunn • KW Coastal and Lakes & Mountains Realty

Sold By New Space Real Estate, LLC

Property Details for 38-40 Lafayette Street

Zoning
0
LISTING CLOSED: 12/10/2024 12:00 AM

Property Details for 38-40 Lafayette Street

StatusClosed
MLS #5016474
Days on Market12
Taxes$7,928 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.24 AC / 10,454 SF
CountyStrafford County
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Building Information for 38-40 Lafayette Street

Stories2Residences5Year Built1900Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$4,896 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,236

Property Taxes

$661

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38-40 Lafayette Street

Summary
Location and General Information
  • City: Rochester
  • County: NH-Strafford
  • Directions: GPS is accurate
  • Latitude: 43.302061000001004
  • Longitude: -70.981330000000000
  • Road Frontage: TBD
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 0121
  • Zip Code: 03839
Taxes and HOA Information
  • Tax Year: 2024
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 4.00
  • Driveway: Paved
Property
Lot Information
  • Block: 0062
  • Lot: 0000
  • Lot - Sqft: 10454.0
  • Lot Features: Level
  • Lot Size Acres: 0.24
  • Square Feet Apx Finished Above Grade: 4482.0
  • 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: 4482.0
  • Square Feet Apx Total Finished: 4482.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 0.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: No
  • Foundation: Block, Brick, Concrete, Poured Concrete, Slab - Concrete
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Gas - On-Site
  • Total Gas Meters: 5
  • Total Electric Meters: 5
  • Internet: High Speed Intrnt -AtSite
Interior and Exterior Features
Exterior Features
  • Color: white
  • Construction Materials: Wood Frame
  • Roof: Shingle - Asphalt
  • Total Ranges: 5
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Concrete, Concrete Floor, Dirt, Full, Partial
  • Heating: Natural Gas, Forced Air, Hot Water
  • Cooling: None
  • Total Refrigerators: 5
  • Total Stories: 2
  • Total Water Heaters: 5
Multi Family
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 0
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 2
  • Total Heat Units: 5
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rooms: 6
  • Unit 1 Rental Amount: $1,900.00
  • Unit 1 Tenant Pays: All Utilities
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 5
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,350.00
  • Unit 2 Tenant Pays: All Utilities
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 6
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 3
  • Unit 3 Rental Amount: $1,950.00
  • Unit 3 Tenant Pays: All Utilities
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 5
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $1,650.00
  • Unit 4 Tenant Pays: All Utilities
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 2
  • Unit 5 Rooms: 5
  • Unit 5 Lease Term: Annual
  • Unit 5 Rental Amount: $1,600.00
  • Unit 5 Tenant Pays: All Utilities
Rental
Rent Information
  • Total Leases: 5

Property History for 38-40 Lafayette Street

DateEvent & SourcePriceAppreciation
Dec 10, 2024

Sold

New England Real Estate Network #5016474

$850,000—
Dec 10, 2024

Pending

New England Real Estate Network #5016474

—
Oct 10, 2024

Sold

New England Real Estate Network #5016474

$850,000—
DateEvent & SourcePrice
12/10/2024

Sold

New England Real Estate Network #5016474

$850,000
12/10/2024

Pending

New England Real Estate Network #5016474

—
10/10/2024

Sold

New England Real Estate Network #5016474

$850,000

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

Public Records for 38-40 Lafayette Street

Taxable ValueLand$35,400Additions$272,600Total$308,000
Tax Record2023$7,928 ($661 / month)
Home Facts
Baths1Total Finished SqFt3,929 SqFtAbove Grade Finished SqFt3,929 SqFtStories2Lot Size10,454 SqFtStyleMulti-Family Dwelling (2-4)Year Built1916ZoningR2CountySTRAFFORDAPNRCHE M:0121 B:0062 L:0000

Schools near 38-40 Lafayette Street

This home is within Rochester School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
William Allen School
PublicK to 5

Rochester Middle School
Public6 to 8

Spaulding High School
Public9 to 12

Maple Street Magnet School
PublicK to 5

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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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 KW Coastal and Lakes & Mountains Realty

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 07/22/2026 02:59 PM