NOT LISTED FOR SALE

3 Academy St Rochester, NH 03867

6 Beds
3 Baths
2,700 Sq Ft
3,485 Sq Ft Lot

Last Sold September 22, 2023

Last sale price $380,000 $141 Per Sq Ft

5 Days on Market

Highlights

  • New Englander Architecture
  • 2 Car Attached Garage
  • High Speed Internet
  • Covered Patio or Porch
  • Heating System Uses Steam
  • Level Lot

About This Home

As of September 2023

PENDING. 25+ showings in 48 hours necessitated an unforseen change in showing and offer timeline. This THREE UNIT apartment building is CONVENIENTLY located within easy walking distance of downtown Rochester and the Rochester Commons. The PERFECT location just off South Main Street. DESIRABLE for tenants who want to be near grocery and pharmacy shopping, banking, recreational parks, health care, and public transportation. All three units offer TWO BEDROOMS. The FIRST floor unit is rented month to month to a LONG TERM tenant, as is the THIRD floor unit, also month to month. With the SECOND floor unit just recently vacated, this provides MAXIMUM FLEXIBILITY for either a prospective owner occupant, or an investor. Each unit has a DEDICATED ENTRANCE and SEPARATE UTILITIES. Tenants pay ALL UTILITIES, with the sole exception of municipal water and sewer. Property also includes a brick TWO CAR GARAGE, which could be used for additional storage or income. If you’re thinking of OWNER OCCUPANCY, consider the fact you will OWN the building over time. Far better than continuing to rent, which does nothing to increase your net worth. Here’s your opportunity to BECOME AN OWNER AND LANDLORD. If you’re an INVESTOR, you know there is a severe housing unit shortage. Feel confident you’re buying into a HIGHLY RENTABLE LOCATION, with continued strong upward pressure on rental prices that shows no sign of a slowdown.

Last Agent to Sell the Property

Paul Marino

WWW.FLATFEEMLS4FREE.COM License #004659 Listed on: 07/22/2023

Last Buyer's Agent

Andy Yau

RE/MAX Shoreline

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,600

Year Built

  • Built in 1923

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Unassigned Parking

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,700 Sq Ft Home
  • 3-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Covered Patio or Porch

Schools

  • William Allen Elementary School
  • Rochester Middle School
  • Spaulding High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Separate Meters
  • 220 Volts
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0201
  • 25% Total Tax Rate

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $9,309
  • Gross Income $36,840
  • Net Operating Income $27,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,600

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: New Englander, Tri-Level
  • Directions: GPS friendly (3-5 Academy Street, Rochester, NH). Heading north on South Main, Academy will be on the LEFT. Subject is the first building on the RIGHT (3 story gray building with 2 covered porches in front)
  • Footprint: 36' x 28'
  • Assessment Amount: 221500
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 140.74
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3780
  • Sq Ft - Apx Total Finished: 2700
  • Year Built: 1923
  • Remarks Public: PENDING. 25+ showings in 48 hours necessitated an unforseen change in showing and offer timeline. This THREE UNIT apartment building is CONVENIENTLY located within easy walking distance of downtown Rochester and the Rochester Commons. The PERFECT location just off South Main Street. DESIRABLE for tenants who want to be near grocery and pharmacy shopping, banking, recreational parks, health care, and public transportation. All three units offer TWO BEDROOMS. The FIRST floor unit is rented month to month to a LONG TERM tenant, as is the THIRD floor unit, also month to month. With the SECOND floor unit just recently vacated, this provides MAXIMUM FLEXIBILITY for either a prospective owner occupant, or an investor. Each unit has a DEDICATED ENTRANCE and SEPARATE UTILITIES. Tenants pay ALL UTILITIES, with the sole exception of municipal water and sewer. Property also includes a brick TWO CAR GARAGE, which could be used for additional storage or income. If you’re thinking of OWNER OCCUPANCY, consider the fact you will OWN the building over time. Far better than continuing to rent, which does nothing to increase your net worth. Here’s your opportunity to BECOME AN OWNER AND LANDLORD. If you’re an INVESTOR, you know there is a severe housing unit shortage. Feel confident you’re buying into a HIGHLY RENTABLE LOCATION, with continued strong upward pressure on rental prices that shows no sign of a slowdown.
  • List Agent: 17535
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Concrete Floor, Full, Unfinished
  • Sq Ft - Apx Finished AG: 2700
  • Sq Ft - Apx Unfinished BG: 1080

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard
  • Foundation: Brick, Poured Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Description: Unassigned
  • Garage Type: Attached

Utilities

  • Electric: 220 Plug, Circuit Breaker(s)
  • Sewer: Public Sewer On-Site
  • Water: Public
  • Water Heater: Electric, Off Boiler
  • Heating Fuel: Gas - Natural, Oil
  • Heating: Hot Air, Monitor Type, Steam
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Gas Meters: 2
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Curbside
  • Utilities: Cable - Available, Internet - Cable, Telephone Available

Schools

  • School District: Rochester School District
  • Elementary School: William Allen School
  • Middle School: Rochester Middle School
  • High School: Spaulding High School
  • Elementary School: William Allen School
  • High School: Spaulding High School

Lot Info

  • Map: 0125
  • Lot: 0201
  • Lot Sq Ft: 3485
  • Lot Acres: 0.08
  • Lot Description: City Lot, Curbing, Level, Sidewalks
  • Surveyed: Unknown
  • Zoning: SD (Special Downtown)
  • Deed Book: 4634
  • Deed Page: 177
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 36840
  • Net Income: 27531
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Rate: 25.28
  • Tax Gross Amount: 5599.52
  • Tax Year: 2023

MLS Schools

  • School District: Rochester School District
  • School Middle Jr: Rochester 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
09/22/2023 09/22/23 Sold $380,000 0.0% $141 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/26/2023 07/26/23 Off Market $380,000 -- --
07/22/2023 07/22/23 For Sale $364,900 +54.6% $135 / Sq Ft
02/08/2019 02/08/19 Sold $236,000 +0.4% $87 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
11/16/2018 11/16/18 Price Changed $235,000 -6.0% $87 / Sq Ft
09/27/2018 09/27/18 For Sale $250,000 -- $93 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Marino

    Seller's Agent in 2023

    Paul Marino

    WWW.FLATFEEMLS4FREE.COM

    (603) 781-4811

    1 in this area

    93 Total Sales

    Paul Marino
    Section Image
  • Andy Yau

    Buyer's Agent in 2023

    Andy Yau

    RE/MAX

    (603) 969-6216

    80 in this area

    175 Total Sales

    Andy Yau
    Section Image

  • E

    Seller's Agent in 2019

    Equity Group International

    KW Coastal and Lakes & Mountains Realty

    (603) 682-3218

    2 in this area

    32 Total Sales

    Equity Group International
    Section Image
  • Christopher Dunn

    Seller Co-Listing Agent in 2019

    Christopher Dunn

    KW Coastal and Lakes & Mountains Realty

    (603) 957-2400

    9 in this area

    67 Total Sales

    Christopher Dunn
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4962447

PrimeMLS
New Hampshire Strafford County Rochester 03867

3 Academy St, Rochester, NH

This home is located at 3 Academy St, Rochester, NH 03867 since 22 July 2023. This property was built in 1923. 3 Academy St is a home located in Strafford County with nearby schools including William Allen School, Rochester Middle School, and Spaulding High School.

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