NOT LISTED FOR SALE

38 N Main St Rochester, NH 03867

-- Bed
-- Bath
8,860 Sq Ft
9,583 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $1,250,000 $141 Per Sq Ft

Highlights

  • Forced Air Zoned Heating System
  • Wood Siding
  • 3-minute walk to John Shaw Park
  • High Speed Internet

About This Home

As of November 2022

Investors take notice for the building every investor is looking for! Potential cap rate over 12%. Extremely rare, unique one of a kind offering, located in the most sought out main strip of downtown Rochester. This is a highly sought out brick building consisting of 8 residential units and 3 commercial units. Invest in the heart of downtown, in up and coming Rochester, in the midst of the city’s multiple development projects. Take advantage of being directly across from the Hoffman project, a six story 46 unit development, and also on the same strip, the Scenic Salinger, a 55 unit Chinburg development. Tour through the commercial units with large open spaces and enjoy credit tenants which includes one of the most popular breakfast restaurants in Rochester- Fallen Leaf Bistro, and the retired Rox Lounge. Tour through the apartments and experience its character which include large open windows looking out to the view of downtown Rochester, hardwood floors, wood trim, high ceilings, tray ceilings and open concept studios. Updates can be seen throughout which include new LVP flooring, some new kitchens, and new bathrooms. Thats not all, owners enjoy low expenses due to seperate utilities, plenty of parking spaces outback and the tax benefits of being located in an opportunity zone. Tenants enjoy a coin operated washer/dryer, and being located in walking distance to the heart of downtown Rochester, close to restaurants, convenience stores, and retail shopping. Sat showings 10-12

Last Listed By

Andy Yau

RE/MAX Shoreline Listed on: 11/30/2022

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Basement Storage

Schools

  • East Rochester Elementary School
  • Rochester Middle School
  • Spaulding High School

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • 220 Volts
  • 110 Volts
  • Liquid Propane Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 11 Units

Listing and Financial Details

  • Tax Lot 14

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 162.76
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8860
  • Sq Ft - Apx Total Finished: 8860
  • Year Built: 1920
  • Remarks Public: Investors take notice for the building every investor is looking for! Potential cap rate over 12%. Extremely rare, unique one of a kind offering, located in the most sought out main strip of downtown Rochester. This is a highly sought out brick building consisting of 8 residential units and 3 commercial units. Invest in the heart of downtown, in up and coming Rochester, in the midst of the city’s multiple development projects. Take advantage of being directly across from the Hoffman project, a six story 46 unit development, and also on the same strip, the Scenic Salinger, a 55 unit Chinburg development. Tour through the commercial units with large open spaces and enjoy credit tenants which includes one of the most popular breakfast restaurants in Rochester- Fallen Leaf Bistro, and the retired Rox Lounge. Tour through the apartments and experience its character which include large open windows looking out to the view of downtown Rochester, hardwood floors, wood trim, high ceilings, tray ceilings and open concept studios. Updates can be seen throughout which include new LVP flooring, some new kitchens, and new bathrooms. Thats not all, owners enjoy low expenses due to separate utilities, plenty of parking spaces outback and the tax benefits of being located in an opportunity zone. Tenants enjoy a coin operated washer/dryer, and being located in walking distance to the heart of downtown Rochester, close to restaurants, convenience stores, and retail shopping. Sat showings 10-12
  • List Agent: 283493
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Stairs - Exterior, Storage Space, Unfinished, Stairs - Basement
  • Sq Ft - Apx Finished AG: 7680
  • Sq Ft - Apx Finished BG: 1180

Exterior Features

  • Construction: Masonry
  • Driveway: Concrete
  • Exterior: Brick, Wood
  • Foundation: Brick, Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Flat, Membrane

Utilities

  • Electric: 110 Volt, 220 Volt, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - LP/Bottle, Gas - Natural
  • Heating Fuel: Gas - LP/Bottle, Gas - Natural
  • Heating: Forced Air, Hot Air, Multi Zone
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Schools

  • School District: Rochester School District
  • Elementary School: East Rochester School
  • Middle School: Rochester Middle School
  • High School: Spaulding High School
  • Elementary School: East Rochester School
  • High School: Spaulding High School

Lot Info

  • Map: 121
  • Lot: 14
  • Lot Sq Ft: 9583
  • Lot Acres: 0.22
  • Lot Description: City Lot, Curbing, Sidewalks, Sloping, Street Lights
  • Surveyed: Unknown
  • Zoning: DTC
  • Deed Book: 4047
  • Deed Page: 38
  • Deed Recorded Type: Warranty

Tax Info

  • Taxes TBD: Unknown

Multi Family

  • Total Units: 11
  • Total1 Bedroom Units: 5
  • Total2 Bedroom Units: 3

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
11/30/2022 11/30/22 Sold $1,250,000 0.0% $141 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
11/30/2022 11/30/22 For Sale $1,249,900 -- $141 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andy Yau

    Seller's Agent in 2022

    Andy Yau

    RE/MAX

    (603) 969-6216

    178 Total Sales

    Andy Yau
    Section Image

  • F

    Buyer's Agent in 2022

    Franco DiRienzo

    Stone Keane Realty

    (603) 530-1078

    18 Total Sales

    Franco DiRienzo
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4938086

PrimeMLS

New Hampshire Strafford County Rochester 03867

38 N Main St, Rochester, NH

Homes for Sale in Rochester, NH

This home is located at 38 N Main St, Rochester, NH 03867 since 30 November 2022. This property was built in 1920. 38 N Main 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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