NOT LISTED FOR SALE

22 Elm St Newmarket, NH 03857

8 Beds
4 Baths
3,244 Sq Ft
5,663 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $550,000 $170 Per Sq Ft

6 Days on Market

Highlights

  • Baseboard Heating
  • High Speed Internet
  • Level Lot
  • Newmarket Elementary School Rated A-

About This Home

As of April 2021

Excellent investment opportunity in the center of Newmarket. This convenient location is walking distance to restaurants, shopping, the Newmarket waterfront along the Lamprey River and next to the UNH bus stop. This 4-unit property is fully occupied with long term tenants who are all current with their rent. Rents are below market providing significant upside potential for the new owner. This home is well cared for with a new roof and recent oil burner. There are 6 parking spaces with expansion opportunities to 8-9 off-street parking spaces. The property features two one-bedroom apartments and two three-bedroom apartments. Three of the four units feature a private porch area for additional space. The electric utilities are separated into five circuit boxes, one for each apartment and one for the common areas. Coin-op washer/dryer in common area provides important amenity for tenants and additional income. All units are currently leased. Some of the pictures show the apartments between tenant rentals. This property is priced to sell and is sold as is.

Last Agent to Sell the Property

Ned Paul

Madden Group Listed on: 03/09/2021

Last Buyer's Agent

A non PrimeMLS member

A Non PrimeMLS Agency

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,352

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 3-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Gross Income $47,736

Listing and Financial Details

  • Tax Lot 218

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,352

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: From the South: Take Rt 108 North (Main St) into Newmarket. Continue on Main Street and turn left on Elm Street. The house is #22-#24 on the right. Turn right onto Nichols Ave and the property is the first driveway on the left. You may park across Elm Street in the shopping area.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 169.54
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5282
  • Sq Ft - Apx Total Finished: 3244
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: Excellent investment opportunity in the center of Newmarket. This convenient location is walking distance to restaurants, shopping, the Newmarket waterfront along the Lamprey River and next to the UNH bus stop. This 4-unit property is fully occupied with long term tenants who are all current with their rent. Rents are below market providing significant upside potential for the new owner. This home is well cared for with a new roof and recent oil burner. There are 6 parking spaces with expansion opportunities to 8-9 off-street parking spaces. The property features two one-bedroom apartments and two three-bedroom apartments. Three of the four units feature a private porch area for additional space. The electric utilities are separated into five circuit boxes, one for each apartment and one for the common areas. Coin-op washer/dryer in common area provides important amenity for tenants and additional income. All units are currently leased. Some of the pictures show the apartments between tenant rentals. This property is priced to sell and is sold as is.
  • L A1 M M S I Memberkey: 622191
  • L A3 M M S I Memberkey: 619996
  • L A3 User Code: 619996
  • List Agent: 285360
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 72448
  • L O3 Homesnapcom: Yes
  • L O3 M M S I Officekey: 72448
  • S A1 M M S I Memberkey: 66666
  • S O1 Message Of The Day: goo.gl/5ffvQp
  • S O1 M M S I Officekey: 73738
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3244
  • Sq Ft - Apx Unfinished AG: 712
  • Sq Ft - Apx Unfinished BG: 1326

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved
  • Roof: Shingle - Architectural

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Electric, Hot Water
  • Total Electric Meters: 5
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 3
  • Utilities: Cable, Internet - Cable

Schools

  • School District: Newmarket SAU #31

Lot Info

  • Map: U2
  • Lot: 218
  • Lot Sq Ft: 5663
  • Lot Acres: 0.13
  • Lot Description: City Lot, Level
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 5362
  • Deed Page: 0355
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 47736
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 9352
  • Tax Year: 2020

MLS Schools

  • School District: Newmarket SAU #31

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
04/30/2021 04/30/21 Sold $550,000 +2.0% $170 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $539,000 -- $166 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Ned Paul

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2021

    A non PrimeMLS member

    VT_ME_NH_NEREN

See All Agents

Map

Source: PrimeMLS

MLS Number: 4850011

PrimeMLS

New Hampshire Rockingham County Newmarket 03857

22 Elm St, Newmarket, NH

This home is located at 22 Elm St, Newmarket, NH 03857 since 09 March 2021. This property was built in 1900. 22 Elm St is a home located in Rockingham County with nearby schools including Newmarket Elementary School, Newmarket Junior High School, and Newmarket Senior High School.

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