38-40 Lafayette Street

Closed 12/10/24
Closed 12/10/24
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Sold
Last Sold Price
$850,000
12 beds5 baths4,482 sqft$190/sqft
38-40 Lafayette St, Rochester, NH 03867
Multi FamilyProperty Type
10,454 sq ftLot Size
1900Year Built
$190/sq ftPrice per sq ft
4 carsParking Spaces

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!

    Sold By New Space Real Estate, LLC

    • Listed by: Christopher Dunn • KW Coastal and Lakes & Mountains Realty
    Listing closed: 12/10/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 5016474

    Recent comparable sales

    Median sold price

    $750,000

    Avg days on market

    19

    Sale-to-list ratio

    97.9%

    Rochester, NH

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    174 Autumn Street, Rochester, NH 03868

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    57 Lafayette Street, Rochester, NH 03867

    $915,000 | 11 Sheridan Avenue, Rochester, NH 03867
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    39 Chestnut Street, Rochester, NH 03867

    $676,000 | 28 Knight Street, Rochester, NH 03867
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    28 Knight Street, Rochester, NH 03867

    9

    $600,000

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    Bedrooms
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    Bathrooms
    3,765
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    0.29
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    17 Knight Street, Rochester, NH 03867

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    $4,981 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $4,320

    Property Taxes

    $661

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    Property Information for 38-40 Lafayette Street

    Property Details
    Building Information
    • Stories: 2
    • Residences: 5
    • Year Built: 1900
    • Lot Size: 0.24 AC / 10,454 SF
    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
    • 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
    William Allen School
    		Public - K to 5
    Rochester Middle School
    		Public - 6 to 8
    Spaulding High School
    		Public - 9 to 12
    Maple Street Magnet School
    		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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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 38-40 Lafayette Street, Rochester, NH 03867
    $850,000
    12
    5
    4,482
    10,454
    36 Lafayette Street, Unit 1, Rochester, NH 03867
    –
    4
    1
    1,160
    –
    38 Lafayette Street, Unit 2, Rochester, NH 03867
    $525,000
    2
    1
    675
    –
    38 Lafayette Street, Unit 40, Rochester, NH 03867
    –
    –
    1
    3,929
    10,454
    40 Lafayette Street, Unit C, Rochester, NH 03867
    –
    2
    1
    667
    –
    40 Lafayette Street, Unit A, Rochester, NH 03867
    –
    3
    1
    769
    –

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    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 09/01/2026 03:58 PM