50 N Spring St Concord, NH 03301
North End Neighborhood
5
Beds
4
Baths
2,761
Sq Ft
6,098
Sq Ft Lot
Highlights
- Wood Flooring
- Hot Water Heating System
- High Speed Internet
- New Englander Architecture
- 1 Car Garage
- Wood Siding
About This Home
As of December 2024Huge Price Reduction! Prime investment opportunity in the heart of downtown Concord! This charming and well-maintained 4-unit New Englander offers excellent income potential. The property consists of one large 3-floor unit featuring 2 spacious bedrooms, 1.5 baths, a formal living room, dining room, bonus room, and plenty of storage space, perfect for an owner-occupant or perfect for a high-end tenant. Additionally, there are two comfortable 1-bedroom units and a cozy studio, ideal for consistent rental income. Tenants enjoy a shared outdoor patio area, along with a private rear yard and garden space for relaxation or gardening enthusiasts. The utility room provides laundry access for all tenants, and the garage is currently used for owner storage but offers potential for other uses. Roof (12 years old), a modern heating system (12 years old), a 4-year-old water heater, and a fully updated electrical system. The property is served by public water and sewer and natural gas. With the option to separate utilities for increased rental value, a fresh coat of paint, and minor repairs, this property is poised to offer a worry-free investment or a fantastic owner-occupied opportunity. Walking distance to all of downtown Concord’s amenities, restaurants, and shops, this is the ideal location for urban living with small-town charm. Don’t miss out on this rare find!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,842
Year Built
- Built in 1880
Lot Details
- 6,098 Sq Ft Lot
- Lot Sloped Up
Parking
- 1 Car Garage
- Off-Street Parking
Home Design
- New Englander Architecture
- Concrete Foundation
- Shingle Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 4 Full Bathrooms
- 2-Story Property
Flooring
- Wood
- Carpet
- Laminate
Basement
- Walk-Out Basement
- Exterior Basement Entry
Location
- City Lot
Utilities
- Hot Water Heating System
- Underground Utilities
- 200+ Amp Service
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Block 81
Community Details
Overview
- 4 Units
Building Details
- 1 Separate Gas Meter
- Operating Expense $8,797
- Gross Income $81,600
- Net Operating Income $62,961
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $550,000 | 0.0% | $199 / Sq Ft |
| 12/11/2024 12/11/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | Price Changed | $549,900 | 0.0% | $199 / Sq Ft |
| 11/12/2024 11/12/24 | For Sale | $549,900 | -8.3% | $199 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $599,900 | +46.3% | $217 / Sq Ft |
| 05/27/2022 05/27/22 | Sold | $410,000 | +2.5% | $155 / Sq Ft |
| 04/13/2022 04/13/22 | Pending | -- | -- | -- |
| 04/07/2022 04/07/22 | For Sale | $400,000 | -- | $151 / Sq Ft |
Source: PrimeMLS
Similar Home in Concord, NH
Source: PrimeMLS
MLS Number: 5018781
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