NOT LISTED FOR SALE

425 Islington St Portsmouth, NH 03801

West End Neighborhood
4 Beds
4 Baths
2,058 Sq Ft
2,614 Sq Ft Lot

Last Sold August 17, 2023

Last sale price $887,000 $431 Per Sq Ft

9 Days on Market

Highlights

  • High Speed Internet
  • Level Lot
  • 2-minute walk to Carter Park
  • Little Harbour School Rated A

About This Home

As of August 2023

A phenomenal 4-unit sitting in the core of Downtown Portsmouth where investor returns are bolstered by strong rents, extremely low vacancy, and stellar property appreciation. Tasteful updates make this property seamless to purchase and maintain. Low threshold for upkeep with vinyl siding, small driveways shoveled by tenants, and new appliances - this is really a set it and forget it type of asset. With new streetscapes, improved sidewalks, and connectivity throughout all of the West End and into Downtown, you will reap the benefits of the City's recent investment in infrastructure and traffic calming efforts. Come see why these units and this asset would sit nicely into any portfolio or how you can take advantage of an owner-occupied loan and create some impressive equity for yourself. First showings will be during the OH: Thursday (7/13) 4:30-6:30pm, Friday (7/14) 4-6pm, and Saturday 10-12pm. All financial info is included with the listing.

Last Agent to Sell the Property

Andrew Samonas

Samonas Realty, LLC License #072860 Listed on: 07/11/2023

Last Buyer's Agent

Andrew Welch

KW Coastal and Lakes & Mountains Realty/Portsmouth License #069570

KW Coastal and Lakes & Mountains Realty/Portsmouth

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,831

Year Built

  • Built in 1840

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 2,058 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Apartment Living Space in Basement

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • On-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • 200+ Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: All tenant belongings
  • Tax Block 32

Community Details

Overview

  • 4 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $13,531
  • Gross Income $73,200
  • Net Operating Income $59,669

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,831

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Construction: Existing
  • Items Excluded: All tenant belongings
  • Total Stories: 2
  • Price Per Sq Ft: 431
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3146
  • Sq Ft - Apx Total Finished: 2058
  • Year Built: 1840
  • Remarks Public: A phenomenal 4-unit sitting in the core of Downtown Portsmouth where investor returns are bolstered by strong rents, extremely low vacancy, and stellar property appreciation. Tasteful updates make this property seamless to purchase and maintain. Low threshold for upkeep with vinyl siding, small driveways shoveled by tenants, and new appliances - this is really a set it and forget it type of asset. With new streetscapes, improved sidewalks, and connectivity throughout all of the West End and into Downtown, you will reap the benefits of the City's recent investment in infrastructure and traffic calming efforts. Come see why these units and this asset would sit nicely into any portfolio or how you can take advantage of an owner-occupied loan and create some impressive equity for yourself. First showings will be during the OH: Thursday (7/13) 4:30-6:30pm, Friday (7/14) 4-6pm, and Saturday 10-12pm. All financial info is included with the listing.
  • List Agent: 281875
  • 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: 2

Interior Features

  • Total Rooms Above Ground: 4
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Apartments, Full, Unfinished
  • Sq Ft - Apx Finished AG: 2058
  • Sq Ft - Apx Unfinished BG: 1088

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Block w/ Skim Coating, Brick, Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Shingle - Fiberglass, Shingle - Other

Garage/Parking

  • Parking: On Street, Parking Spaces 2

Utilities

  • Electric: 200 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: Cable, Internet - Cable

Lot Info

  • Map: 144
  • Lot Sq Ft: 2614
  • Lot Acres: 0.06
  • Lot Description: City Lot, Curbing, Level
  • Surveyed: Unknown
  • Zoning: CD4-L2
  • Deed Book: 6485
  • Deed Page: 1226
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 73200
  • Net Income: 59669
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 5831
  • Tax Year: 2022

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/17/2023 08/17/23 Sold $887,000 +0.9% $431 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $879,000 -- $427 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Samonas

    Seller's Agent in 2023

    Andrew Samonas

    Samonas Realty, LLC

    (603) 988-7824

    20 in this area

    112 Total Sales

    Andrew Samonas
    Section Image

  • A

    Buyer's Agent in 2023

    Andrew Welch

    KW Coastal and Lakes & Mountains Realty/Portsmouth

    (603) 988-5636

    3 in this area

    66 Total Sales

    Andrew Welch
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4960831

PrimeMLS
New Hampshire Rockingham County Portsmouth 03801 West End

425 Islington St, Portsmouth, NH

This home is located at 425 Islington St, Portsmouth, NH 03801 since 11 July 2023. This property was built in 1840. 425 Islington St is a home located in Rockingham County with nearby schools including Little Harbour School, Portsmouth Middle School, and Portsmouth 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.

Nearby Homes