Price Reduced 2.63%
Listing courtesy of Andrew Bosco, Four Points Real Estate Phone: 888-944-5827
Price History
$950,000
4/2/2025
$925,000
4/29/2025
173 N Main Street, Rochester, NH, 03867
0 beds
1885
Multi-Family
3,497 sqft
5-Unit Multifamily + 8-Bay Garage | Offered at $925,000 | Portfolio Option Available A standout investment in Rochester’s growing multifamily market. 173 North Main Street is a stabilized 5-unit property with strong current income and additional upside. The property features a rare 8-bay garage—perfect for added income or tenant use. Recent improvements include new egress stairs and three fully renovated units. The remaining two units offer value-add potential via rent increases or light updates. 2024 Financials: Total Operating Income: $97,607.39 Total Expenses: $31,469.43 Net Operating Income (NOI): $66,137.96 Cap Rate (at $950,000): 6.96% Estimated Annual Cash Flow (at 25% down, 7% interest, 25-yr amortization): ~$17,345/year Purchase as a standalone asset or part of a combined 11-unit portfolio + 8 car garages with neighboring 171 North Main Street. Buyer and buyer agent do own due diligence. 48 hour notice required. Group staggered showings will be scheduled. Adjacent building per MLS: 455966 is also listed. Can be purchased together or separately.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
DTC
Frontage:
75
Garage:
8-car Garage
Heating:
Oil
Cooling:
None
Basement:
Concrete
Acreage:
0.37
Est. Taxes:
$9,161
Assessment
$355,900
Lot Description:
Near School(s)
MLS #:
5034453