28 Elm Street

28 Elm Street

Newmarket, NH 03857

$1,725,000
Last Sold Price
16
Beds
7
Baths
7,144 Sq. Ft.
$241 / Sq. Ft.
7,144
Sq. Ft.
$241
per Sq. Ft.

Closed 5/15/23

Closed 5/15/23

Description

Investment opportunity. Commanding a prime spot in the heart of town, this well-constructed and impeccably maintained property boasts over 8,000 sq. ft., comprising 7 units, two of which are multi-level units. All have well-equipped kitchens and generous living space. The building offers coin-op laundry and off-street parking for all tenants. This attractive income-generating property grosses $200,000/year and shows a strong, consistent rental history of all units being occupied. Excellent opportunity...Investment opportunity. Commanding a prime spot in the heart of town, this well-constructed and impeccably maintained property boasts over 8,000 sq. ft., comprising 7 units, two of which are multi-level units. All have well-equipped kitchens and generous living space. The building offers coin-op laundry and off-street parking for all tenants. This attractive income-generating property grosses $200,000/year and shows a strong, consistent rental history of all units being occupied. Excellent opportunity for future capital gains over time. Nestled on the banks of the Lamprey River, Newmarket was voted one of the ‘most charming small towns in America’, according to HGTV. With its laid-back quintessential New England feel, it is ideally located, offering a myriad of activities including: restaurants, breweries, outdoor events, shopping, hiking, as well as easy access to the University of New Hampshire in Durham and Great Bay (kayaking, boating and trail walks). Only a 25-minute drive to the City of Portsmouth, within an hour to Boston, easy access to international airports. A must-see for wise investors. Call me today for immediate showings.
  1. Listed by Carol Parker • Engel & Volkers Wellesley

Sold By Chinburg Management, LLC

Property Details for 28 Elm Street

Parking
On-Site
Water View
No
Waterfront Property
No
Zoning
Commercial

Location

Add your commute
LISTING UPDATED: 05/16/2023 02:48 AM

Property Details for 28 Elm Street

StatusClosed
MLS #4946208
Days on Market38
Taxes$14,850 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.30 AC / 13,068 SF
CountyRockingham County

Location

Add your commute

Building Information for 28 Elm Street

Stories3Residences7Year Built1900Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

$10,652 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,414

Property Taxes

$1,238

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 28 Elm Street

Summary
Location and General Information
  • City: Newmarket
  • County: NH-Rockingham
  • Directions: Route 108 to Newmarket from Route 33, drive thru town take left onto Elm Street. Property is on your right.
  • Road Frontage: No
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: U2
  • Zip Code: 03857
Taxes and HOA Information
  • Tax - Gross Amount: $14,850.00
  • Tax Rate: 26.36%
  • Tax Year: 2022
  • Taxes TBD: Yes
School Information
  • School - High: Newmarket Senior HS
  • School - District: Newmarket SAU #31
  • School - Elementary: Newmarket Elem School
  • School - Middle/Jr: Newmarket Junior High School
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Block: 00
  • Lot: 216
  • Lot - Sqft: 13068.0
  • Lot Size Acres: 0.3
  • Square Feet Apx Finished Above Grade: 7144.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Other
  • Square Feet Apx Total: 8008.0
  • Square Feet Apx Total Finished: 7144.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 864.0
  • Square Feet Apx Unfinished BG Source: Public Records
  • Water Body Access: No
Property and Assessments
  • Current Use: No
  • Assessment Amount: $550,000
  • Assessment Year: 2022
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: No
  • Flood Zone: No
  • Foundation: Concrete, Granite
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Utilities: High Speed Intrnt -Avail, Internet - Cable
Interior and Exterior Features
Exterior Features
  • Color: White
  • Roads: Public
  • Roof: Shingle - Asphalt
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete, Storage Space, Stairs - Basement
  • Total Full Baths: 7
  • Heat Fuel: Oil
  • Heating: Baseboard
  • Cooling: None
  • Total Stories: 3
Multi Family
Income & Expenses Information
  • Gross Income: $190,800.00
  • Net Income: $142,330.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Water/Sewer
  • Operating Expense: $38,929
Multi-Family Information
  • Total Units: 7
  • Total 1 BR Units: 0
  • Total 2 BR Units: 5
  • Total 3+ BR Units: 2
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: $3,500.00
  • Unit 1 Tenant Pays: Electric, Trash
  • Unit 1 Info: Heat Included
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: $1,850.00
  • Unit 2 Info: Heat Included
  • Unit 2 Tenant Pays: Electric, Trash
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 Style: duplex
  • Unit 3 Bedrooms: 3
  • Unit 3 Rental Amount: $2,500.00
  • Unit 3 Info: Heat Included
  • Unit 3 Tenant Pays: Electric, Trash
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Style: duplex
  • Unit 4 Rooms: 5
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $2,400.00
  • Unit 4 Info: Heat Included
  • Unit 4 Tenant Pays: Electric, Trash
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: $2,100.00
  • Unit 5 Info: Heat Included
  • Unit 5 Tenant Pays: Electric, Trash
Unit 6
  • Unit 6 Rental Agreement: Yes
  • Unit 6 Lease Term: Annual
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 2
  • Unit 6 Rooms: 5
  • Unit 6 Rental Amt Freq: Monthly
  • Unit 6 Status: Leased
  • Unit 6 Rental Amount: $2,100.00
  • Unit 6 Info: Heat Included
  • Unit 6 Tenant Pays: Electric, Trash
Unit 7
  • Unit 7 Bedrooms: 2
  • Unit 7 Rooms: 5
  • Unit 7 Baths: 1
  • Unit 7 Rental Agreement: Yes
  • Unit 7 Lease Term: Annual
  • Unit 7 Rental Amt Freq: Monthly
  • Unit 7 Status: Leased
  • Unit 7 Rental Amount: $1,450.00
  • Unit 7 Info: Heat Included
  • Unit 7 Tenant Pays: Electric, Trash
Rental
Rent Information
  • Total Leases: 7

Property History for 28 Elm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 28 Elm Street

Taxable ValueLand$107,800Additions$442,400Total$550,200
Tax Record2023$16,225 ($1,352 / month)
Home Facts
Baths4Total Finished SqFt3,586 SqFtAbove Grade Finished SqFt3,586 SqFtStories2Lot Size13,068 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910ZoningR3CountyROCKINGHAMAPNNMAR M:U2 B:216 L:

Schools near 28 Elm Street

This home is within Newmarket School District.
Rating
School
Type
Grades
Distance
Newmarket Elementary School
Public - PK to 5
Newmarket Jr.-Sr. High (Elem)
Public - 6 to 8
Newmarket Jr.-Sr. High School
Public - 9 to 12
Rating
School
Distance
Newmarket Elementary School
PublicPK to 5

Newmarket Jr.-Sr. High (Elem)
Public6 to 8

Newmarket Jr.-Sr. High School
Public9 to 12

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Engel & Volkers Wellesley

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 04/26/2024 03:58 AM