$2,950,000

275-279 Mast Rd Durham, NH 03824

Estimated payment $19,858/month

Total Views 46,161
-- Bed
-- Bath
8,484 Sq Ft
$348 Price per Sq Ft

Highlights

  • 1.97 Acre Lot
  • Secluded Lot
  • Walk-Up Access
  • Mast Way School Rated A-
  • Hot Water Heating System

About This Home

Here is an exceptional investment opportunity consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham, NH. This turn-key asset features 8 spacious residential units, town approved for 27 student beds, and 40 on-site parking spaces, offering a unique combination of cash flow, location, and flexibility.
Showings begin 5/21/25 by appointment only.

Listing Agent

Paula Igoe

Arthur Thomas Properties License #055386 Listed on: 05/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,839

Year Built

  • Built in 1900

Lot Details

  • 1.97 Acre Lot
  • Secluded Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 8,484 Sq Ft Home
  • Property has 2 Levels
  • Basement
  • Walk-Up Access

Parking

  • Paved Parking
  • On-Site Parking

Utilities

  • Hot Water Heating System
  • Gas Available at Street
  • Drilled Well
  • Internet Available

Listing and Financial Details

  • Tax Block 20
  • Assessor Parcel Number 210

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Gross Income $292,940
  • Net Operating Income $212,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,839

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1900
  • Display On Internet: Internet - Fixed Wireless
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Pasture, Level, Secluded, Near Shopping, Near Public Transit
  • Road Frontage Type: Public
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 8484.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: Unknown
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • SqFt_Apx_Total_Finished: 8484
  • SqFt_Apx_Unfn_Above_Grade: 0
  • SqFt_Apx_Unfn_Below_Grade: 0
  • SqFt_Apx_Total: 8484
  • Basement_Access_Type: Walk-up
  • Separate_Utilities: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Partial
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame, Vinyl Siding
  • Foundation Details: Concrete

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, Parking Spaces 21+, Paved

Utilities

  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Hot Water
  • Cooling: None
  • Trash: Dumpster
  • Utilities: Gas - At Street
  • Water Source: Drilled Well

Lot Info

  • Surveyed: Yes
  • Zoning: MUDOR
  • Lot Size Acres: 1.97
  • Lot Size Sq Ft: 85813.0

Multi Family

  • Gross Income: 292940.0
  • Number Of Units Total: 8
  • Net Operating Income: 212915.0
  • Number Of Units Leased: 8
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 41839.0
  • Tax Block: 20
  • Tax Lot: 00
  • Tax Map Number: 210

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $41,839 $2,058,000 $795,200 $1,262,800
2023 $42,148 $2,058,000 $795,200 $1,262,800
2022 $45,866 $1,579,400 $262,500 $1,316,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 For Sale $2,950,000 -- $348 / Sq Ft
Source: PrimeMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,200,000 None Available
Warranty Deed $2,200,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,650,000 Commercial
Closed $1,650,000 Commercial
Source: Public Records

About the Listing Agent

Paula Igoe

Arthur Thomas Properties

(603) 392-7500

Section Image

Paula has 30 years of experience in the real estate Industry. She specializes in investment and residential properties. She is loyal and hard working. Paula brings energy and a friendly disposition making your real estate experience a happy and memorable one. Her experience is key in finding the right properties for her clients. She has built long lasting relationships through her passion and ability. She loves what she does, and she does it well. Paula is always professional and holds herself

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Source: PrimeMLS

MLS Number: 5040821

PrimeMLS

APN: DRHM M:210 L:20