$1,100,000
SOLD SEP 2, 2025

53 & 59 Marlboro St Keene, NH 03431

-- Bed
-- Bath
5,714 Sq Ft
0.31 Acres

Recently Sold

$193 Per Sq Ft

8% Below List Price

0 Day on Market

About This Home

As of September 2025

Rare 10% CAP RATE Investment – 100% leased, Mixed-Use Opportunity in Downtown Keene. Discover this exceptional investor opportunity with two adjoining, income-producing properties located just steps from Keene’s vibrant downtown.
–Total Units: 4 existing residential units + 1 commercial office.
–Zoning: Mixed-use, with city approval for 2 additional residential units.
–Parking: At least 11 on-site spaces.
–Location: 1-minute walk downtown, rail trail, restaurants, and shops
–53 Marlboro Street features a well-maintained office space with a kitchen, two bathrooms, six private offices, and an ADA-accessible ramp. At the rear of the building are two newly built residential units—a 2-bedroom and a 1-bedroom. The city has approved plans to convert the office portion into two additional residential units, offering immediate value-add potential for investors looking to optimize the residential income.
59 Marlboro Street is a classic duplex with two spacious 3-bedroom units, fully leased to reliable, long-term tenants. Both buildings sit on separate parcels but could be merged for 1031 exchange compatibility.
This is a turn-key multifamily investor opportunity in downtown Keene with parking – A truly rare find! Seller may be willing to sell each parcel individually. Contact us today for detailed financial details or to schedule a private tour. Proof of financing and a minimum 24-hour notice required to schedule a showing.

Last Agent to Sell the Property

George Hansel

H. G. Johnson Real Estate License #082111 Listed on: 06/19/2025

Last Buyer's Agent

None - no buyer representation

A Non PrimeMLS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,959

Year Built

  • Built in 1910

Home Design

  • Duplex
  • Brick Foundation
  • Concrete Foundation
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels

Basement

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

Parking

  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking
  • 1 to 5 Parking Spaces

Schools

  • Keene High School

Utilities

  • Separate Meters
  • Individual Controls for Heating
  • 110 Volts
  • Cable TV Available

Additional Features

  • 0.31 Acre Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 094, 095
  • Assessor Parcel Number 590

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Gross Income $162,000
  • Net Operating Income $120,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,959

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1910
  • Display On Internet: High Speed Intrnt at Site,Fiber Optic Internet
  • Architectural Style: Duplex
  • ResoLotFeatures: City Lot, In Town
  • Road Frontage Type: Public, Public Maintained Road
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 5714.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Water_Body_Access: No
  • Water_View: No
  • Basement_Access_Type: Interior
  • Separate_Utilities: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Apartment, Concrete, Concrete Floor, Full, Interior Entry
  • Basement YN: Yes

Exterior Features

  • Driveway: Common/Shared, Paved
  • Roof: Asphalt Shingle
  • Easements: Yes
  • Construction Type: Vinyl Siding
  • Waterfront: No
  • Foundation Details: Brick/Mortar, Concrete, Fieldstone, Granite

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, On Site, Parking Spaces 1 - 10

Utilities

  • Electric: 100 Amp Service, 110 Volt
  • Sewer: Public Sewer
  • Heating: Individual
  • Cooling: Individual
  • Trash: Dumpster
  • Utilities: Cable, Gas On-Site
  • Water Source: Public

Schools

  • High School: Keene High School

Lot Info

  • Surveyed: Unknown
  • Zoning: Downtown Edge (DT-E)
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13504.0

Multi Family

  • Gross Income: 162000.0
  • Number Of Units Total: 5
  • Net Operating Income: 120528.0
  • Number Of Units Leased: 5

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 18959.0
  • Tax Block: 000
  • Tax Lot: 094, 095
  • Tax Map Number: 590

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/02/2025 09/02/25 Sold $1,100,000 -8.3% $193 / Sq Ft
06/19/2025 06/19/25 For Sale $1,199,000 -- $210 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    George Hansel

    H. G. Johnson Real Estate

    (603) 903-3677

    2 Total Sales

    George Hansel
    Section Image

  • N

    Buyer's Agent in 2025

    None - no buyer representation

    VT_ME_NH_NEREN

See All Agents

Map

Source: PrimeMLS

MLS Number: 5047347

PrimeMLS
New Hampshire Cheshire County Keene 03431

53 & 59 Marlboro St, Keene, NH

This home is located at 53 & 59 Marlboro St, Keene, NH 03431 and is currently priced at $1,100,000, approximately $192 per square foot. This property was built in 1910. 53 & 59 Marlboro St is a home located in Cheshire County with nearby schools including Keene Middle School, Keene High School, and Gathering Waters Charter School (E).

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.

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