5 Ormond St Concord, NH 03301
Concord Heights NeighborhoodEstimated payment $4,096/month
Highlights
- Property is near golf course and public transit
- Wood Flooring
- Enclosed Patio or Porch
- Antique Architecture
- Corner Lot
- Zoned Heating
About This Home
Excellent opportunity to start, or add to your investment portfolio! Fully occupied multifamily featuring two legal residential units plus an additional income-producing studio, generating approximately $60,000 in gross annual rental income. The property includes one full bathroom and 3 - three-quarter baths enhancing tenant functionality and supporting strong rental performance compared to typical two-unit properties in the area. Qualified buyers may assume the existing FHA mortgage with an approximate balance of $271,000 at ~3% interest, creating significant monthly payment savings versus current market financing rates. This rare low-rate assumption materially improves cash flow and long-term return potential. Strong rental demand in the Concord market with low regional vacancy. Photos were taken prior to tenants moving in. All three are long-term tenants. Open Houses this weekend as follows: Friday 2/6 from 4-7pm, Saturday 2/7 from 12-2pm, and Sunday from 10:30-12pm. Please follow the signs when you arrive to begin your tour!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,337
Year Built
- Built in 1829
Lot Details
- 0.3 Acre Lot
- Corner Lot
- Level Lot
Parking
- 3 Car Garage
- Driveway
- Visitor Parking
Home Design
- Antique Architecture
- New Englander Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Metal Roof
- Vinyl Siding
Interior Spaces
- Property has 1.75 Levels
Flooring
- Wood
- Vinyl Plank
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Basement
- Interior and Exterior Basement Entry
- Basement Storage
Outdoor Features
- Enclosed Patio or Porch
- Outbuilding
Location
- Property is near golf course and public transit
- Property near a hospital
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Baseboard Heating
- Hot Water Heating System
- 200+ Amp Service
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 9 / Z
- Assessor Parcel Number 0631
Community Details
Overview
- 2 Units
Building Details
- Gross Income $59,400
- Net Operating Income $38,638
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $10,337 | $355,100 | $102,600 | $252,500 |
| 2024 | $9,833 | $355,100 | $102,600 | $252,500 |
| 2023 | $9,538 | $355,100 | $102,600 | $252,500 |
| 2022 | $9,194 | $355,100 | $102,600 | $252,500 |
| 2021 | $8,920 | $355,100 | $102,600 | $252,500 |
| 2020 | $9,283 | $346,900 | $101,300 | $245,600 |
| 2019 | $9,048 | $325,700 | $75,600 | $250,100 |
| 2018 | $8,067 | $301,700 | $75,600 | $226,100 |
| 2017 | $8,040 | $284,700 | $79,900 | $204,800 |
| 2016 | $7,842 | $283,400 | $79,900 | $203,500 |
| 2015 | $7,390 | $266,700 | $79,900 | $186,800 |
| 2014 | $7,150 | $266,700 | $79,900 | $186,800 |
| 2013 | -- | $266,700 | $79,900 | $186,800 |
| 2012 | -- | $281,600 | $79,900 | $201,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/10/2026 02/10/26 | Pending | -- | -- | -- | |
| 02/05/2026 02/05/26 | For Sale | $615,000 | 0.0% | $209 / Sq Ft | |
| 02/04/2020 02/04/20 | Rented | $2,200 | -4.3% | -- | |
| 01/18/2020 01/18/20 | Price Changed | $2,300 | +4.5% | $1 / Sq Ft | |
| 01/15/2020 01/15/20 | For Rent | $2,200 | 0.0% | -- | |
| 01/13/2020 01/13/20 | Sold | $323,000 | +1.3% | $117 / Sq Ft | View Prior Sale |
| 10/30/2019 10/30/19 | Pending | -- | -- | -- | |
| 10/22/2019 10/22/19 | Price Changed | $319,000 | -1.8% | $116 / Sq Ft | |
| 08/29/2019 08/29/19 | For Sale | $325,000 | -- | $118 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $323,000 | None Available | |
| Warranty Deed | $255,000 | -- | |
| Warranty Deed | -- | -- | |
| Deed | $160,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $317,149 | FHA | |
| Previous Owner | $204,000 | Commercial | |
| Previous Owner | $70,000 | Commercial |
Source: PrimeMLS
MLS Number: 5075525
APN: CNCD-000116B-000005-000015
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Ask me questions while you tour the home.