NOT LISTED FOR SALE

17 South St Walpole, NH 03608

8 Beds
3 Baths
3,828 Sq Ft
0.53 Acres

Last Sold March 24, 2023

Last sale price $385,000 $101 Per Sq Ft

364 Days on Market

Highlights

  • Colonial Architecture
  • Softwood Flooring
  • Covered patio or porch
  • Stream or River on Lot
  • Corner Lot
  • 2 Car Detached Garage

About This Home

As of March 2023

Excellent investment or owner-occupied multi-family. Priced to produce positive cash flow from the start.! Right in Walpole Village, “Wallbrook” is a historic (1803) colonial converted decades ago to a 3-family rental property with separate entrances. It sits on a ½ acre lot abutted by a stone wall and year-round stream and surrounded by single-family homes in the sought-after Village. The property features a highly flexible layout. The upstairs unit has been used as a 3 to 4 bedroom. The downstairs unit has great visibility from the road for a possible home-based office (high speed internet is available) and has been used as a 2-bedroom as has the rear apartment. Could also be renovated back to a gorgeous single family or keep the back apartment for additional income. Along with a spacious 2-car garage and a back shed suitable for a workshop or studio you have a large basement with plenty of storage space, and plenty of parking. Heating and electric systems have been updated and you have Town water and sewer. Easy access to Rt. 12, ~15 minutes to Keene, and easy access to I-91. Take advantage of the high current demand for affordable housing or renovate to upgrade already favorable rental opportunities. Come see it now. Apartments are being cleaned and readied for rental to qualified tenants. Seller will contribute $10k towards updates or closing costs with an acceptable offer.

Last Agent to Sell the Property

Kim Mastrianni

Greenwald Realty Group Listed on: 02/24/2022

Last Buyer's Agent

Jamie Watson

BHG Masiello Keene License #070624

BHG Masiello Keene

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,735

Year Built

  • Built in 1803

Lot Details

  • 0.53 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property

Flooring

  • Softwood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry

Outdoor Features

  • Stream or River on Lot
  • Covered patio or porch
  • Shed
  • Outbuilding

Schools

  • Walpole Primary Elementary School
  • Walpole Middle School
  • Fall Mountain Reg High School

Utilities

  • Zoned Heating
  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Outside playset is being removed
  • Tax Lot 7

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $16,282
  • Gross Income $54,000
  • Net Operating Income $37,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,735

Year Built

Built in 1803

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Flood Zone: Unknown
  • Construction: Existing
  • Items Excluded: Outside playset is being removed
  • Total Stories: 3
  • Price Per Sq Ft: 100.57
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5084
  • Sq Ft - Apx Total Finished: 3828
  • Year Built: 1803
  • Remarks Public: Excellent investment or owner-occupied multi-family. Priced to produce positive cash flow from the start.! Right in Walpole Village, “Wallbrook” is a historic (1803) colonial converted decades ago to a 3-family rental property with separate entrances. It sits on a ½ acre lot abutted by a stone wall and year-round stream and surrounded by single-family homes in the sought-after Village. The property features a highly flexible layout. The upstairs unit has been used as a 3 to 4 bedroom. The downstairs unit has great visibility from the road for a possible home-based office (high speed internet is available) and has been used as a 2-bedroom as has the rear apartment. Could also be renovated back to a gorgeous single family or keep the back apartment for additional income. Along with a spacious 2-car garage and a back shed suitable for a workshop or studio you have a large basement with plenty of storage space, and plenty of parking. Heating and electric systems have been updated and you have Town water and sewer. Easy access to Rt. 12, ~15 minutes to Keene, and easy access to I-91. Take advantage of the high current demand for affordable housing or renovate to upgrade already favorable rental opportunities. Come see it now. Apartments are being cleaned and readied for rental to qualified tenants. Seller will contribute $10k towards updates or closing costs with an acceptable offer.
  • List Agent: 280541
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Softwood, Vinyl, Wood
  • Total Rooms Above Ground: 17
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Gravel, Stairs - Interior, Unfinished, Interior Access
  • Sq Ft - Apx Finished AG: 3828
  • Sq Ft - Apx Unfinished AG: 320
  • Sq Ft - Apx Unfinished BG: 936

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard, Wood Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate
  • Features Exterior: Outbuilding, Porch - Covered, Shed, Storage

Garage/Parking

  • Garage Capacity: 2
  • Parking: Driveway, On-Site, Parking Spaces 6+
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Cable Company: Comcast, Consolidated Com
  • Electric: 200 Amp, Circuit Breaker(s)
  • Fuel Company: Discount Oil
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Off Boiler
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone, Radiator
  • Electric Company: Liberty
  • Total Electric Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 2
  • Utilities: Cable - Available, Fiber Optic Internt Avail, High Speed Intrnt -Atsite, Internet - Cable, Internet - Fiber Optic, Telephone Available

Schools

  • School District: Fall Mountain Reg SD SAU #60
  • Elementary School: Walpole Primary
  • Middle School: Walpole Middle School
  • High School: Fall Mountain Reg High School
  • Elementary School: Walpole Primary
  • High School: Fall Mountain Reg High School

Lot Info

  • Map: 19
  • Lot: 7
  • Lot Sq Ft: 23087
  • Lot Acres: 0.53
  • Lot Description: Corner, Level, Sloping, Stream
  • Surveyed: Unknown
  • Zoning: RB R
  • Deed Book: 1530
  • Deed Page: 0591
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 54000
  • Net Income: 37718
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4735
  • Tax Year: 2021

MLS Schools

  • School District: Fall Mountain Reg SD SAU #60
  • School Middle Jr: Walpole Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $385,000 -4.9% $101 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
12/31/2022 12/31/22 Price Changed $405,000 +2.5% $106 / Sq Ft
12/05/2022 12/05/22 For Sale $395,000 +2.6% $103 / Sq Ft
12/01/2022 12/01/22 Off Market $385,000 -- --
10/31/2022 10/31/22 Price Changed $395,000 -4.8% $103 / Sq Ft
07/11/2022 07/11/22 For Sale $415,000 +7.8% $108 / Sq Ft
07/10/2022 07/10/22 Off Market $385,000 -- --
04/12/2022 04/12/22 Off Market $385,000 -- --
04/11/2022 04/11/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $415,000 -- $108 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4899027

PrimeMLS

APN: WLPO M:00019 L:000007 S:000000