This 3-unit multi-family home offers a fantastic investment opportunity. Strategically located near downtown Keene, Keene State College, and St. Joseph School, this property provides easy access to amenities and a strong rental market. The unit mix includes a 2-bedroom (currently vacant), a 3-bedroom, and a 4-bedroom unit. With long-standing tenants in two of the units, this property offers a stable income stream. The vacant 2-bedroom unit presents an excellent opportunity for owner-occupancy or to select your own tenants.
The pride of ownership here can be shared with you, the fortunate investor. The main building of the two buildings is a 4 unit apartment building with a one car attached garage and some storage above it. There is a 2 bedroom and also a one bedroom unit on the FIRST floor and two one bedroom units on the second floor. Each has one bathroom. You will find some tin ceilings and wood floors and good natural light. The clean basement , ample paved parking, edge of downtown transition zoning (DT-E), vinyl siding , town water and sewer, porches and a separate second single story building are part of this package. Info on the detached building which is not noted on the listing info ...It is 644 sqft. (per the City) , one level, no basement, gas heat ..presently a hair salon with many years of history.. It has a half bath and a separate electric panel. It has been generating about $6780. a year. The owners have been paying the w/s , insurance and taxes (there is one bill for the entire parcel) here. THE 2 bedroom and one of the one bedrooms will be vacant soon (moving to California and the other is buying a home). The gross rents for the 4 family are $48,360. plus $6780. for the separate building. Rents are or have been 2 bedroom-- $1200. The one bedrooms are $1010, $980 and $840. (mostly long term tenants all with heat included.
The median home value in Keene, NH is $350,000. This is higher than the county median home value of $312,900. The national median home value is $338,100. The average price of homes sold in Keene, NH is $350,000. Approximately 48.47% of Keene homes are owned, compared to 40.8% rented, while 10.74% are vacant. Keene real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Keene real estate agent to arrange a tour today!
Keene, New Hampshire has a population of 22,969. Keene is less family-centric than the surrounding county with 20.67% of the households containing married families with children. The county average for households married with children is 26.09%.
The median household income in Keene, New Hampshire is $63,490. The median household income for the surrounding county is $69,360 compared to the national median of $69,021. The median age of people living in Keene is 36.9 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 8.8 degrees. The average rainfall is approximately 45.1 inches per year, with 55.4 inches of snow per year.