NOT LISTED FOR SALE

28 Elm St Newmarket, NH 03857

16 Beds
7 Baths
7,144 Sq Ft
0.3 Acres

Last Sold May 15, 2023

Last sale price $1,725,000 $241 Per Sq Ft

38 Days on Market

Highlights

  • Baseboard Heating
  • High Speed Internet
  • Walk-Up Access
  • Newmarket Elementary School Rated A-

About This Home

As of May 2023

INVESTMENT OPPORTUNITY. Commanding a prime spot in the heart of town, this well-constructed and impeccably maintained property boasts over 8,000 sq. ft., comprising 7 units, two of which are multi-level units. All have well-equipped kitchens and generous living space. The building offers coin-op laundry and off-street parking for all tenants. This attractive income-generating property grosses $200,000/year and shows a strong, consistent rental history of all units being occupied. Excellent opportunity for future capital gains over time. Nestled on the banks of the Lamprey River, Newmarket was voted one of the ‘most charming small towns in America’, according to HGTV. With its laid-back quintessential New England feel, it is ideally located, offering a myriad of activities including: restaurants, breweries, outdoor events, shopping, hiking, as well as easy access to the University of New Hampshire in Durham and Great Bay (kayaking, boating and trail walks). Only a 25-minute drive to the City of Portsmouth, within an hour to Boston, easy access to international airports. A must-see for wise investors. Call me today for immediate showings.

Last Agent to Sell the Property

Carol Parker

Carol Parker Real Estate License #071477 Listed on: 03/22/2023

Carol Parker Real Estate

Last Buyer's Agent

Jared Trayer

Chinburg Management, LLC License #058251

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,850

Year Built

  • Built in 1900

Lot Details

  • 0.3 Acre Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 7 Full Bathrooms
  • 7,144 Sq Ft Home
  • 3-Story Property

Basement

  • Walk-Up Access
  • Connecting Stairway
  • Basement Storage

Parking

  • Paved Parking
  • On-Site Parking

Schools

  • Newmarket Elementary School
  • Newmarket Junior High School
  • Newmarket Senior High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 216
  • 26% Total Tax Rate

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $38,929
  • Gross Income $190,800
  • Net Operating Income $142,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,850

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Multi-Family
  • Directions: Route 108 to Newmarket from Route 33, drive thru town take left onto Elm Street. Property is on your right.
  • Assessment Amount: 550000
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 241.46
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8008
  • Sq Ft - Apx Total Finished: 7144
  • Year Built: 1900
  • Remarks Public: INVESTMENT OPPORTUNITY. Commanding a prime spot in the heart of town, this well-constructed and impeccably maintained property boasts over 8,000 sq. ft., comprising 7 units, two of which are multi-level units. All have well-equipped kitchens and generous living space. The building offers coin-op laundry and off-street parking for all tenants. This attractive income-generating property grosses $200,000/year and shows a strong, consistent rental history of all units being occupied. Excellent opportunity for future capital gains over time. Nestled on the banks of the Lamprey River, Newmarket was voted one of the ‘most charming small towns in America’, according to HGTV. With its laid-back quintessential New England feel, it is ideally located, offering a myriad of activities including: restaurants, breweries, outdoor events, shopping, hiking, as well as easy access to the University of New Hampshire in Durham and Great Bay (kayaking, boating and trail walks). Only a 25-minute drive to the City of Portsmouth, within an hour to Boston, easy access to international airports. A must-see for wise investors. Call me today for immediate showings.
  • List Agent: 279874
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete, Storage Space, Stairs - Basement
  • Sq Ft - Apx Finished AG: 7144
  • Sq Ft - Apx Unfinished BG: 864

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete, Granite
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: On-Site

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned, Tank
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Utilities: High Speed Intrnt -Avail, Internet - Cable

Schools

  • School District: Newmarket SAU #31
  • Elementary School: Newmarket Elem School
  • Middle School: Newmarket Junior High School
  • High School: Newmarket Senior HS
  • Elementary School: Newmarket Elem School
  • High School: Newmarket Senior HS

Lot Info

  • Map: U2
  • Lot: 216
  • Lot Sq Ft: 13068
  • Lot Acres: 0.3
  • Lot Description: Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: Commercial
  • Deed Book: 3409
  • Deed Page: 1902
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 190800
  • Net Income: 142330
  • Total Full Baths: 7
  • Total Units: 7
  • Total2 Bedroom Units: 5
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Rate: 26.36
  • Tax Gross Amount: 14850
  • Tax Year: 2022

MLS Schools

  • School District: Newmarket SAU #31
  • School Middle Jr: Newmarket Junior High 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
05/15/2023 05/15/23 Sold $1,725,000 -11.5% $241 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $1,950,000 -- $273 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carol Parker

    Seller's Agent in 2023

    Carol Parker

    Carol Parker Real Estate

    (978) 407-0570

    3 in this area

    29 Total Sales

    Carol Parker
    Section Image
  • Jared Trayer

    Buyer's Agent in 2023

    Jared Trayer

    Chinburg Management, LLC

    (603) 520-6468

    1 in this area

    6 Total Sales

    Jared Trayer
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4946208

PrimeMLS
New Hampshire Rockingham County Newmarket 03857

28 Elm St, Newmarket, NH

This home is located at 28 Elm St, Newmarket, NH 03857 since 22 March 2023. This property was built in 1900. 28 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

PrimeMLS Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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