5 Electric Avenue

Closed 1/27/23
Closed 1/27/23
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Sold
Last Sold Price
$448,000
5 beds2,068 sqft$217/sqft
5 Electric Ave, Rochester, NH 03839
Multi FamilyProperty Type
0.27 acresLot Size
1902Year Built
$217/sq ftPrice per sq ft

Description

Huge investment opportunity is conveniently located just seconds from Rt 16 and minutes from downtown Rochester! This property features 3 updated units including new windows, flooring, fixtures, paint, and an updated heating system. The first floor offers a remodeled 1 bed, 1 bath unit (Unit A) with all new appliances including dishwasher. The "owner's unit" (Unit B) has 2 beds, a modern 3/4 bath with extra nice updates throughout including granite countertops & washer/dryer hookups. The 2nd floor...Huge investment opportunity is conveniently located just seconds from Rt 16 and minutes from downtown Rochester! This property features 3 updated units including new windows, flooring, fixtures, paint, and an updated heating system. The first floor offers a remodeled 1 bed, 1 bath unit (Unit A) with all new appliances including dishwasher. The "owner's unit" (Unit B) has 2 beds, a modern 3/4 bath with extra nice updates throughout including granite countertops & washer/dryer hookups. The 2nd floor offers a 2 bed, 1.5 bath floor plan with laundry hookups. Each unit has direct outside access with off street parking. Units A & C are currently on the market for rent at $1350 & $1650. Water/sewer/trash is owner responsibility, all other utilities paid by tenants. Unit B intended to remain vacant for the future owner/househacker. Live in one, rent the other two, and get your mortgage paid by your tenants! Or rent all 3 for ultimate cash flowing investment. Lots of opportunity with this great property. Easy to go and show via Showingtime or join us for open houses on Sat 1/7 & Sun 1/8 from 2pm to 4pm. Buyer/buyer's agent to do own due diligence. Seller has never occupied property and is a licensed real estate agent associated with listing office.

    Sold By KW Coastal and Lakes & Mountains Realty

    • Listed by: Devin Marshall • Four Points Real Estate
    Listing closed: 01/27/2023 12:00 AM • Source: New England Real Estate Network, MLS#: 4940022

    Recent comparable sales

    Median sold price

    $445,000

    Avg days on market

    16

    Sale-to-list ratio

    103.5%

    Rochester, NH

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    $2,658 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,277

    Property Taxes

    $381

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    Property Information for 5 Electric Avenue

    Property Details
    • Taxes: $4,571 / year
    • MLS Type: Multi Family
    • County: Strafford County
    • Parking: Off Street
    • Zoning: R2
    Building Information
    • Stories: 1
    • Residences: 3
    • Year Built: 1902
    • Lot Size: 0.27 AC / 11,761 SF
    Summary
    Location and General Information
    • City: Rochester
    • County: NH-Strafford
    • Directions: Please use GPS.
    • Latitude: 43.278370810932209
    • Longitude: -70.979962728836057
    • Road Frontage: Yes
    • Seasonal: No
    • State: NH
    • Street Designation: Avenue
    • Map: 0138
    • Zip Code: 03839
    Taxes and HOA Information
    • Tax - Gross Amount: $4,570.62
    • Tax Year: 2022
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Paved
    Property
    Lot Information
    • Block: 7
    • Lot: 0
    • Lot - Sqft: 11761.0
    • Lot Size Acres: 0.27
    • Road Frontage Length: 100.0
    • Square Feet Apx Finished Above Grade: 2068.0
    • Square Feet Apx Finished AG Source: Assessor
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Finished BG Source: Assessor
    • Square Feet Apx Total: 2628.0
    • Square Feet Apx Total Finished: 2068.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished AG Source: Assessor
    • Square Feet Apx Unfinished Below Grade: 560.0
    • Square Feet Apx Unfinished BG Source: Assessor
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: Unknown
    • Foundation: Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1902
    Utilities
    • Electric: 100 Amp
    • Sewer: Public
    • Utilities: Cable - Available
    • Total Gas Meters: 3
    • Total Electric Meters: 3
    Interior and Exterior Features
    Exterior Features
    • Color: white
    • Features - Exterior: Deck, Porch
    • Roads: Public
    • Roof: Shingle - Asphalt
    • Total Ranges: 3
    Interior Features
    • Basement: Yes
    • Basement Access Type: Interior
    • Basement Description: Concrete Floor
    • Total Full Baths: 3
    • Flooring: Carpet, Vinyl
    • Heat Fuel: Gas - Natural
    • Heating: Electric, Hot Water
    • Cooling: None
    • Total Refrigerators: 3
    • Total Stories: 1.75
    • Trash: Owner
    Multi Family
    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 Style: Unit A
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 1
    • Unit 1 Level Number: 1
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Status: Vacant
    • Unit 1 Rooms: 3
    • Unit 1 Rental Amount: $1,350.00
    • Unit 1 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Snow Removal, TV Service
    • Unit 1 Info: Appliances Included, Dishwasher, Range - Electric, Refrigerator, Smoke Detector
    Unit 2
    • Unit 2 Style: Unit B "owners unit"
    • Unit 2 Baths: 1
    • Unit 2 Rooms: 4
    • Unit 2 Status: Vacant
    • Unit 2 Level Number: 1
    • Unit 2 Bedrooms: 2
    • Unit 2 Info: Appliances Included, Laundry Hookup, Porch, Range - Gas, Refrigerator, Smoke Detector
    • Unit 2 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Snow Removal, TV Service
    Unit 3
    • Unit 3 Baths: 2
    • Unit 3 Rooms: 4
    • Unit 3 Level Number: 2
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Status: Vacant
    • Unit 3 Style: Unit C
    • Unit 3 Bedrooms: 2
    • Unit 3 Rental Amount: $1,650.00
    • Unit 3 Info: Appliances Included, Laundry Hookup, Range - Electric, Refrigerator
    • Unit 3 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Snow Removal, TV Service
    Rental
    Rent Information
    • Total Leases: 0

    Property History for 5 Electric Avenue

    DateEvent & SourcePriceAppreciation
    Jan 27, 2023

    Sold

    New England Real Estate Network #4940022

    		$448,000—
    Jan 8, 2023

    Pending

    New England Real Estate Network #4940022

    		—
    Jan 4, 2023

    Listed (Active)

    New England Real Estate Network #4940022

    		$450,000—
    DateEvent & SourcePrice
    01/27/2023

    Sold

    New England Real Estate Network #4940022

    $448,000
    01/08/2023

    Pending

    New England Real Estate Network #4940022

    —
    01/04/2023

    Listed (Active)

    New England Real Estate Network #4940022

    $450,000

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

    Schools near 5 Electric Avenue

    This home is within Rochester School District.
    Rating
    School
    Type
    Grades
    Distance
    Gonic 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
    Gonic 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: 5 Electric Avenue, Rochester, NH 03839
    $448,000
    5
    2,068
    11,761
    83 Main, Rochester, NH 03839
    $130,000
    –
    2,053
    11,761
    5 Electric Avenue, Unit A, Rochester, NH 03839
    $448,000
    –
    3
    2,068
    11,761
    64 Gonic Road, Rochester, NH 03839
    –
    –
    –
    –
    10,454
    7 Electric Avenue, Rochester, NH 03839
    $110,000
    2
    2
    1,000
    6,970
    9 Electric Avenue, Rochester, NH 03839
    $62,500
    4
    1
    1,473
    3,049

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    Listing Courtesy of Four Points Real Estate

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