NOT LISTED FOR SALE

548 Goebel St Berlin, NH 03570

15 Beds
8 Baths
7,801 Sq Ft
7,405 Sq Ft Lot

Last Sold August 25, 2022

Last sale price $375,000 $48 Per Sq Ft

13 Days on Market

Highlights

  • 2 Car Attached Garage
  • Asbestos
  • High Speed Internet
  • Baseboard Heating

About This Home

As of August 2022

Solid 8-unit multi-family located within walking distance to Downtown Berlin and featuring one 3-bedroom unit, five 2-bedroom units, and two 1-bedroom units. Each apartment has well-planned layouts with their own 100A circuit breakers and electric water heaters. Recent building improvements have increased annual gross income to ~$83,000 per year, a 35% increase since the current owner’s 2021 purchase. Further upside income potential exists for a new owner willing to renovate. A 2-car garage, driveway, and side parking lot provide at least 9 off-street parking spaces in addition to ample on-street parking. Note: Despite what is stated on the multi-family rider's rent roll, Apartment 5 has an incoming tenant and the Property will be fully occupied on July 1st. Delayed showings will occur on Friday July 8th and Saturday July 9th by appointment.

Last Agent to Sell the Property

Nick Gray

Gray Property Group, LLC License #074306 Listed on: 06/19/2022

Last Buyer's Agent

Michael Greene

Real Estate NOW, llc License #069815

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,244

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Attached Garage

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Asbestos

Interior Spaces

  • 3-Story Property

Partially Finished Basement

  • Walk-Out Basement
  • Crawl Space

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 382

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $35,368
  • Gross Income $83,220
  • Net Operating Income $47,852

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,244

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 48.07
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 12591
  • Sq Ft - Apx Total Finished: 7801
  • Year Built: 1900
  • Remarks Public: Solid 8-unit multi-family located within walking distance to Downtown Berlin and featuring one 3-bedroom unit, five 2-bedroom units, and two 1-bedroom units. Each apartment has well-planned layouts with their own 100A circuit breakers and electric water heaters. Recent building improvements have increased annual gross income to ~$83,000 per year, a 35% increase since the current owner’s 2021 purchase. Further upside income potential exists for a new owner willing to renovate. A 2-car garage, driveway, and side parking lot provide at least 9 off-street parking spaces in addition to ample on-street parking. Note: Despite what is stated on the multi-family rider's rent roll, Apartment 5 has an incoming tenant and the Property will be fully occupied on July 1st. Delayed showings will occur on Friday July 8th and Saturday July 9th by appointment.
  • List Agent: 283585
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor, Crawl Space, Partially Finished, Walkout
  • Sq Ft - Apx Finished AG: 7801
  • Sq Ft - Apx Unfinished AG: 2682
  • Sq Ft - Apx Unfinished BG: 2108

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane, Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Trash: Municipal
  • Utilities: Cable - At Site, High Speed Intrnt -Atsite

Schools

  • School District: Berlin School District SAU #3

Lot Info

  • Map: 130
  • Lot: 382
  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: City Lot
  • Zoning: RG
  • Deed Book: 1572
  • Deed Page: 186
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 83220
  • Net Income: 47852
  • Total Units: 8
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 5
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4244
  • Tax Year: 2021

MLS Schools

  • School District: Berlin School District SAU #3

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
08/25/2022 08/25/22 Sold $375,000 +7.4% $48 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/19/2022 06/19/22 For Sale $349,000 +39.6% $45 / Sq Ft
07/12/2021 07/12/21 Sold $250,000 +11.1% $32 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $225,000 -- $29 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Gray

    Seller's Agent in 2022

    Nick Gray

    Gray Property Group, LLC

    (603) 770-1738

    38 Total Sales

    Nick Gray
    Section Image

  • M

    Buyer's Agent in 2022

    Michael Greene

    Real Estate NOW, llc

    (978) 314-0591

    39 Total Sales

    Michael Greene
    Section Image
  • Matthew Martel

    Seller's Agent in 2021

    Matthew Martel

    RE/MAX

    (603) 723-0521

    89 Total Sales

    Matthew Martel
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4916421

PrimeMLS
New Hampshire Coos County Berlin 03570

548 Goebel St, Berlin, NH

This home is located at 548 Goebel St, Berlin, NH 03570 since 19 June 2022. This property was built in 1900. 548 Goebel St is a home located in Coos County with nearby schools including Berlin Elementary School, Brown Elementary School, and Berlin Middle School.

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