$920,000
SOLD JUN 6, 2024

7 Birch St Derry, NH 03038

7 Beds
6 Baths
4,266 Sq Ft
0.25 Acres

Recently Sold

$216 Per Sq Ft

8% Above List Price

4 Days on Market

About This Home

As of June 2024

This multifamily property, boasting 100% occupancy and a 7.5% cap rate, is strategically positioned just 3 miles from Route 93 in Derry, NH. Within walking distance to local amenities and effortless access to major routes, including just 25 miles east to the NH Seacoast and 40 miles south to bustling Boston, MA, 7 Birch presents an exceptional investment opportunity in a prime location. Positioned within the Central Business District, this property presents a unique blend of residential and commercial opportunities, making it an attractive investment option with versatile potential.

Last Agent to Sell the Property

Krissy Laporte

Keller Williams Realty-Metropolitan License #069071

Keller Williams Realty-Metropolitan

Last Buyer's Agent

Andrew White

RE/MAX Innovative Properties License #047225

RE/MAX Innovative Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,440

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot
  • Lot Sloped Up

Home Design

  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property

Basement

  • Partial Basement
  • Walk-Up Access

Parking

  • 110 Car Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Grinnell Elementary School
  • Gilbert H. Hood Middle School
  • Pinkerton Academy High School

Utilities

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

Listing and Financial Details

  • Tax Block 157

Community Details

Overview

  • 6 Units
  • Blue Door Living Association, Phone Number (603) 965-2131

Recreation

  • Trails

Building Details

  • Operating Expense $38,592
  • Net Operating Income $60,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,440

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: From I-93, take Exit 4 for NH-102 E. Continue on NH-102 E for 6 miles, then turn left onto Birch St. From Route 101, take Exit 4 for NH-102 W. Continue for 3 miles, then turn right onto Birch St.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 302.43
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5490
  • Sq Ft - Apx Total Finished: 4266
  • Year Built: 1920
  • Remarks Public: This multifamily property, boasting 100% occupancy and a 7.5% cap rate, is strategically positioned just 3 miles from Route 93 in Derry, NH. Within walking distance to local amenities and effortless access to major routes, including just 25 miles east to the NH Seacoast and 40 miles south to bustling Boston, MA, 7 Birch presents an exceptional investment opportunity in a prime location. Positioned within the Central Business District, this property presents a unique blend of residential and commercial opportunities, making it an attractive investment option with versatile potential.
  • List Agent: 4893
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: Internet - Cable
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Landscaped, Trail/Near Trail
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Partial
  • Sq Ft - Apx Finished AG: 3042
  • Sq Ft - Apx Finished BG: 1224
  • Sq Ft - Apx Unfinished BG: 1224

Exterior Features

  • Driveway: Concrete
  • Foundation: Fieldstone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown
  • Construction Type: Wood Frame

Garage/Parking

  • Parking: Off Street, On Street, Parking Spaces 1 - 10

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater, Hot Air
  • Separate Utilities: Yes
  • Total Electric Meters: 7
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Trash: Municipal
  • Utilities: Cable - Available, Gas - On-Site
  • Water Source: Public

Condo/Co-op/Association

  • Mgmt Co Phone: 603-965-2131
  • Management Company: Blue Door Living

Schools

  • School District: Derry School District SAU #10
  • Elementary School: Grinnell Elementary School
  • Middle School: Gilbert H. Hood Middle School
  • High School: Pinkerton Academy
  • Elementary School: Grinnell Elementary School
  • High School: Pinkerton Academy

Lot Info

  • Map: 30
  • Lot Sq Ft: 10890
  • Lot Acres: 0.25
  • Surveyed: Unknown
  • Zoning: CBD-TBO
  • Deed Book: 3532
  • Deed Page: 2542
  • Deed Recorded Type: Warranty

Multi Family

  • Net Income: 60047.8
  • Total Full Baths: 6
  • Total Units: 6
  • Total1 Bedroom Units: 5
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 13440
  • Tax Year: 2024

MLS Schools

  • School District: Derry School District SAU #10
  • School Middle Jr: Gilbert H. Hood Middle School

Map

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
06/06/2024 06/06/24 Sold $920,000 +8.2% $216 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $850,000 -- $199 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 4996504

PrimeMLS

New Hampshire Rockingham County Derry 03038

7 Birch St, Derry, NH

Homes for Sale in Derry, NH

This home is located at 7 Birch St, Derry, NH 03038 and is currently priced at $920,000, approximately $215 per square foot. This property was built in 1920. 7 Birch St is a home located in Rockingham County with nearby schools including Grinnell School, Gilbert H. Hood Middle School, and Pinkerton Academy.

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.

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