Rochester NH Multi Family for Sale
$899,900
32 Mill Street Rochester, NH 03868
- Type:
- Multi-Family
- Sq.Ft.:
- 4,528
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.62 Acres
- Year built:
- 1882
- Baths:
- MLS#:
- 4974388
ADDITIONAL INFORMATION
Highly sought-after waterfront quadplex on a large 1.62-acre lot in East Rochester, with the potential to subdivide a separate waterfront multifamily parcel. On the market for the first time in over 45 years, showcasing decades of prideful ownership. Small apartments no more, as the buildings massive 4500+ square feet of living space, gives units ideal layouts with spacious living/dining rooms, large kitchens, and multiple bedrooms for maximum income. Large units and separate utilities allows for low expenses and a potential cap rate over 9.6%. Owners and tenants savor the privledge of having direct access to the Salmon River and providing the perfect setting to canoe and fish from the doorsteps of their home. Tour through the units and experience its character and charm. The largest unit features stunning hardwood floors, chamber ceilings and beautiful crown molding. Explore the enhanced features in other units, such as updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, an open kitchen layout, and stylish brick backsplash. There is additional attic space which can be utilized as storage or expansion for additional living space. Thats not all, tenants enjoy an open backyard, 2 car garage, plenty of parking, and convenience of location. 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Zoning density may allow for additional units to be built outback with a special exception.
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Rochester Real Estate
The median home value in Rochester, NH is $326,300. This is lower than the county median home value of $387,400. The national median home value is $338,100. The average price of homes sold in Rochester, NH is $326,300. Approximately 61.97% of Rochester homes are owned, compared to 32.95% rented, while 5.08% are vacant. Rochester 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 Rochester real estate agent to arrange a tour today!
Rochester, New Hampshire 03868 has a population of 32,317. Rochester 03868 is less family-centric than the surrounding county with 25.57% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Rochester, New Hampshire 03868 is $70,582. The median household income for the surrounding county is $76,560 compared to the national median of $69,021. The median age of people living in Rochester 03868 is 42.6 years.
Rochester Weather
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 13.7 degrees. The average rainfall is approximately 48.5 inches per year, with 51.4 inches of snow per year.