NOT LISTED FOR SALE

1 Exchange St Gorham, NH 03581

Gorham Area
Studio
14 Baths
7,439 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: January 20, 2022

Last sale price $280,000 $38 Per Sq Ft

57 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Hot Water Heating System
  • Gorham High School Rated 10
  • Covered Patio or Porch
  • 3-minute walk to Mt Washington State Park

About This Home

As of January 2022

13 Unit Apartment Building that includes a store front space (14 Units Total). Main Street location, commercially zoned. The Owners Quarters is two floors and consists of two bedrooms, kitchen, living room, dining area and additional room. Three 2 bedroom apartments, Ten 1 bedroom apartments and One store front space. Six apartments are currently rented. Rents range from $400 to $500 a month, heat and hot water included. Each apartment has their own circuit break box. The vacant apartments are in need of rehab, remodeling/work but the money making potential regarding this property could be incredible! Rentable apartments in the Gorham area are few and far between. This property is centrally located, walking distance to restaurants, shopping and the Gorham Common. ATV from this property to the miles and miles of trails the area has to offer. Golf course just down the road. Wildcat Ski Area is 9.7 miles away! Sunday River Resort is 35 minutes away and North Conway is 35 minutes away! Opportunity is knocking! Live in the owners quarters, use the store front for your business!

Last Agent to Sell the Property

Matthew Martel

RE/MAX Northern Edge Realty LLC License #062025 Listed on: 07/22/2021

RE/MAX Northern Edge Realty LLC

Last Buyer's Agent

Matthew Martel

RE/MAX Northern Edge Realty LLC License #062025 Listed on: 07/22/2021

RE/MAX Northern Edge Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,214

Year Built

  • Built in 1880

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 14 Full Bathrooms
  • 2.5-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement

Outdoor Features

  • Covered Patio or Porch

Schools

  • Edward Fenn Elementary School
  • Gorham Middle School
  • Gorham High School

Utilities

  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7

Community Details

Overview

  • 14 Units

Recreation

  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,214

Year Built

Built in 1880

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: The property is located on the corner of Main Street and Exchange Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 37.64
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 11536
  • Sq Ft - Apx Total Finished: 7439
  • Year Built: 1880
  • List Agent: 12552
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Bulkhead, Full, Partial, Unfinished
  • Sq Ft - Apx Finished AG: 7439
  • Sq Ft - Apx Unfinished AG: 1000
  • Sq Ft - Apx Unfinished BG: 3097

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Porch - Covered

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Off Boiler
  • Heating Fuel: Oil
  • Heating: Hot Water, Radiator
  • Total Heat Units: 1
  • Trash: Municipal
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Telephone Available

Schools

  • Elementary School: Edward Fenn School
  • High School: Gorham High School

Lot Info

  • Map: U5
  • Lot: 7
  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: Corner, Major Road Frontage, Sidewalks, Trail/Near Trail
  • Surveyed: Unknown
  • Zoning: Commercial
  • Deed Book: 1104
  • Deed Page: 059
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 14
  • Total Units: 14
  • Total1 Bedroom Units: 10
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 6214
  • Tax Year: 2020

MLS Schools

  • School District: Gorham School District SAU #20
  • School Middle Jr: Gorham Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2026
Sold by
Bought by

Purchase Details

Listed on
Jul 22, 2021
Closed on
Jan 20, 2022
Sold by
Bought by
Seller's Agent
Matthew Martel
RE/MAX Northern Edge Realty LLC
Buyer's Agent
Matthew Martel
RE/MAX Northern Edge Realty LLC
List Price
$299,000
Sold Price
$280,000
Premium/Discount to List
-$19,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,600
Interest Rate
0.0311%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$810,000 --
$280,000 None Available
$207,000 --
$100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $600,000
Closed $584,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/20/2022 01/20/22 Sold $280,000 -6.4% $38 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $299,000 -- $40 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,197 $477,500 $48,400 $429,100
2024 $9,225 $326,100 $44,900 $281,200
2023 $1,792 $73,000 $44,900 $28,100
2022 $1,770 $73,000 $44,900 $28,100
2021 $6,946 $195,100 $39,400 $155,700
2020 $6,214 $195,100 $39,400 $155,700
2019 $6,589 $195,100 $39,400 $155,700
2018 $6,820 $186,800 $39,400 $147,400
2017 $6,342 $186,800 $39,400 $147,400
2014 $5,627 $183,400 $32,100 $151,300
2010 -- $247,200 $43,600 $203,600
Source: Public Records

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Map

Source: PrimeMLS

MLS Number: 4873762

PrimeMLS
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