258 Maplewood Avenue
258 Maplewood Avenue
Portsmouth, NH 03801
$1,095,000
Last Sold Price
4
Beds
4
Baths
2,938 Sq. Ft.
$373 / Sq. Ft.
2,938
Sq. Ft.
$373
per Sq. Ft.
Closed 1/8/24
Closed 1/8/24
Description
Welcome to 258 Maplewood Ave, Portsmouth, NH—a remarkable 4-unit multi-family investment property filled with character and situated in a prime Portsmouth location. Just a stones throw from North Mill Pond and a short stroll to downtown Portsmouth. Relish the convenience of easy access to Market Square, The Music Hall, Portsmouth Harbor, Strawberry Banke, and Prescott Park. The current Net Operating Income (NOI) stands at an impressive $73,337. Potential exists for an even greater NOI as some rents...Welcome to 258 Maplewood Ave, Portsmouth, NH—a remarkable 4-unit multi-family investment property filled with character and situated in a prime Portsmouth location. Just a stones throw from North Mill Pond and a short stroll to downtown Portsmouth. Relish the convenience of easy access to Market Square, The Music Hall, Portsmouth Harbor, Strawberry Banke, and Prescott Park. The current Net Operating Income (NOI) stands at an impressive $73,337. Potential exists for an even greater NOI as some rents are currently below market value. Projected NOI based on market rents would be over $78,000. Tenants pay all their utilities, and the landlord covers the electric house meter and water/sewer expenses. All four apartments are presently occupied and feature natural gas, offering tenants a cost-effective and energy-efficient solution and off-street parking, contributes to tenant convenience, and augments the property value. The exterior of property showcases low maintenance landscaping, effectively reducing operational costs. Seize this rare opportunity to invest in a well maintained 4-unit multi-family property with exceptional income and even more potential. Schedule a viewing now to secure your stake in the flourishing Portsmouth real estate market. Please note that a 24-hour notice is required for all showings.
- Listed by Casey Purinton • BHHS Verani Londonderry • Phone: 603-397-8246
- Listed by Vanessa Purinton • BHHS Verani Londonderry
Sold By The Boulos Company
Property Details for 258 Maplewood Avenue
Zoning
RES
Location
Add your commute
LISTING UPDATED: 01/08/2024 05:04 PM
Property Details for 258 Maplewood Avenue
| Status | Closed |
|---|---|
| MLS # | 4978844 |
| Days on Market | 7 |
| Taxes | $9,149 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1800 |
| Lot Size | 0.08 AC / 3,484 SF |
| County | Rockingham County |
Location
Add your commute
Building Information for 258 Maplewood Avenue
Stories2Residences4Year Built1800Building Size-Lot Size0.08 AC / 3,484 SF
Payment Calculator
$6,738 per month
30 year fixed, 7.25% Interest
Principal and Interest
$5,976
Property Taxes
$762
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 258 Maplewood Avenue
Summary
Location and General Information
- City: Portsmouth
- County: NH-Rockingham
- Latitude: 43.079695490838290
- Longitude: -70.766302728836067
- Road Frontage: Yes
- Seasonal: No
- State: NH
- Street Designation: Avenue
- Map: 123
- Zip Code: 03801
Taxes and HOA Information
- Tax - Gross Amount: $9,149.00
- Tax Year: 2022
- Taxes TBD: No
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Block: 0
- Lot: 3
- Lot - Sqft: 3485.0
- Lot Size Acres: 0.08
- Road Frontage Length: 50.0
- Square Feet Apx Finished Above Grade: 2938.0
- 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: 5421.0
- Square Feet Apx Total Finished: 2938.0
- Square Feet Apx Unfinished Above Grade: 1008.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 1475.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: Unknown
- Foundation: Concrete, Stone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1800
Utilities
- Electric: Circuit Breaker(s)
- Sewer: Public
- Utilities: Cable
- Total Gas Meters: 4
- Total Electric Meters: 5
- Separate Utilities: Yes
Interior and Exterior Features
Exterior Features
- Roads: Paved, Public
- Roof: Shingle
- Total Ranges: 4
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Bulkhead, Unfinished, Exterior Access
- Total Full Baths: 4
- Heat Fuel: Gas - Natural
- Heating: Hot Water
- Cooling: None
- Total Refrigerators: 4
- Total Stories: 2
- Total Water Heaters: 4
Multi Family
Income & Expenses Information
- Gross Income: $85,980.00
- Net Income: $73,337.00
- Operating Expense Incl: Insurance, Sewer, Utilities, Water/Sewer
- Operating Expense: $12,643
Multi-Family Information
- Total Units: 4
- Total 1 BR Units: 4
- Total 2 BR Units: 0
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 735.0
- Unit 1 Rental Amount: $1,895.00
- Unit 1 Tenant Pays: Electric, Heat, Hot Water, Internet Service
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Status: Month to Month
- Unit 2 Level Number: 1
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 735.0
- Unit 2 Bedrooms: 1
- Unit 2 Rental Amount: $1,595.00
- Unit 2 Tenant Pays: Electric, Heat, Hot Water, Internet Service
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Level Number: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Apx Sqft: 735.0
- Unit 3 Bedrooms: 1
- Unit 3 Rental Amount: $1,800.00
- Unit 3 Tenant Pays: Electric, Heat, Hot Water, Internet Service
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Level Number: 2
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Apx Sqft: 735.0
- Unit 4 Bedrooms: 1
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,875.00
- Unit 4 Tenant Pays: Electric, Heat, Hot Water, Internet Service
Property History for 258 Maplewood Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 258 Maplewood Avenue
Taxable ValueLand$290,400Additions$311,500Total$601,900
Tax Record2023$9,709 ($809 / month)
Home Facts
Baths4Total Finished SqFt2,938 SqFtAbove Grade Finished SqFt2,938 SqFtUnfinished Basement SqFt1,475 SqFtStories2Lot Size3,485 SqFtStyleMulti-Family Res (5+ Units)Year Built1800ZoningCD4-L1CountyROCKINGHAMAPNPRSM M:0123 B:0003 L:Fireplace TypeHas Fireplace
Schools near 258 Maplewood Avenue
This home is within Portsmouth School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | PK to 8 |
Rating | School | Distance |
|---|---|---|
New Franklin School PublicK to 5 | ||
Portsmouth Middle School Public6 to 8 | ||
Portsmouth High School Public9 to 12 | ||
St Patrick School PrivatePK to 8 |
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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Listing Courtesy of BHHS Verani Londonderry
Copyright 2024 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 05/02/2024 08:20 PM
