$650,000
SOLD APR 10, 2019

9-13 Summer St Concord, NH 03303

Penacook Neighborhood
9 Beds
11 Baths
7,366 Sq Ft
0.36 Acres

Recently Sold

$88 Per Sq Ft

4% Below List Price

128 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Heating System Uses Steam
  • Wood Flooring
  • Balcony
  • Open Lot

About This Home

As of June 2024

**10.75% cap rate with room to grow!** 1br units and 1 2br unit in this highly profitable apartment building in the heart of Penacook! Large corner lot with plenty of on-site parking and street parking. Newer major systems include natural gas steam boiler, rubber roof, and HW tank- keeping your operating expenses low. All units are rented to good long-term tenants who are now on a month-to-month basis. Basement features locked storage for tenants and coin-op washer & dryer. This property is ready to make you money!

Last Agent to Sell the Property

Kyle Arruda

Central Gold Key Realty License #073013 Listed on: 10/24/2018

Last Buyer's Agent

Tami Mousseau

BHHS Verani Concord License #033069

BHHS Verani Concord

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,031

Year Built

  • Built in 1900

Lot Details

  • 0.36 Acre Lot
  • Open Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Membrane Roofing
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 11 Full Bathrooms
  • 7,366 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Connecting Stairway
  • Dirt Floor
  • Basement Storage

Parking

  • Gravel Driveway
  • Unpaved Parking
  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Schools

  • Penacook Elementary School
  • Merrimack Valley Middle School
  • Merrimack Valley High School

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 67

Community Details

Overview

  • 11 Units

Building Details

  • 1 Separate Gas Meter
  • Gross Income $106,200
  • Net Operating Income $72,593

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,031

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Assessment Amount: 477100
  • Assessment Year: 2017
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 88.24
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 9736
  • Sq Ft - Apx Total Finished: 7366
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: **10.75% cap rate with room to grow!** 1br units and 1 2br unit in this highly profitable apartment building in the heart of Penacook! Large corner lot with plenty of on-site parking and street parking. Newer major systems include natural gas steam boiler, rubber roof, and HW tank- keeping your operating expenses low. All units are rented to good long-term tenants who are now on a month-to-month basis. Basement features locked storage for tenants and coin-op washer & dryer. This property is ready to make you money!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Combination, Hardwood, Wood
  • Total Rooms Above Ground: 35
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete, Concrete Floor, Dirt Floor, Full, Stairs - Interior, Storage - Assigned, Storage - Locked, Storage Space, Unfinished
  • Sq Ft - Apx Finished AG: 7366
  • Sq Ft - Apx Unfinished BG: 2370

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard, Wood, Wood Siding
  • Foundation: Concrete, Poured Concrete, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Membrane
  • Easements: Unknown
  • Features Exterior: Balcony, Deck, Natural Shade, Porch - Covered

Garage/Parking

  • Parking: Driveway, Off Street, On-Site, On Street, Unpaved

Utilities

  • Electric: Circuit Breaker(s), Combo, Fuses
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Radiator, Steam
  • Separate Utilities: Varies
  • Total Electric Meters: 11
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 11
  • Total Refrigerators: 11
  • Total Water Heaters: 2
  • Trash: Curbside

Schools

  • School District: Merrimack Valley SAU #46
  • Elementary School: Penacook Elementary
  • Middle School: Merrimack Valley Middle School
  • High School: Merrimack Valley High School
  • Elementary School: Penacook Elementary
  • High School: Merrimack Valley High School

Lot Info

  • Village/District/Locale: Penacook
  • Map: 1412/P
  • Lot: 67
  • Lot Sq Ft: 15682
  • Lot Acres: 0.36
  • Lot Description: City Lot, Curbing, Open, Slight
  • Row Parcel Access: Unknown
  • Row To Other Parcel: Unknown
  • Surveyed: Unknown
  • Zoning: RD
  • Deed Book: 1259
  • Deed Page: 0363
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 106200
  • Net Income: 72593
  • Total Full Baths: 11
  • Total Units: 11
  • Total1 Bedroom Units: 10
  • Total2 Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 16030.56
  • Tax Year: 2018

MLS Schools

  • School District: Merrimack Valley SAU #46
  • School Middle Jr: Merrimack Valley Middle School

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
06/28/2024 06/28/24 Sold $1,280,000 -1.5% $174 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $1,300,000 +100.0% $176 / Sq Ft
04/10/2019 04/10/19 Sold $650,000 -3.7% $88 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
12/04/2018 12/04/18 For Sale $675,000 0.0% $92 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/24/2018 10/24/18 For Sale $675,000 -- $92 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • April Dunn

    Seller's Agent in 2024

    April Dunn

    April Dunn & Associates LLC

    (603) 344-9605

    22 in this area

    287 Total Sales

    April Dunn
    Section Image
  • Jessica Stevenson

    Buyer's Agent in 2024

    Jessica Stevenson

    Sopris

    (781) 801-3857

    1 in this area

    155 Total Sales

    Jessica Stevenson
    Section Image

  • K

    Seller's Agent in 2019

    Kyle Arruda

    Central Gold Key Realty

    Section Image
  • Tami Mousseau

    Buyer's Agent in 2019

    Tami Mousseau

    BHHS Verani Concord

    (603) 234-2437

    1 in this area

    224 Total Sales

    Tami Mousseau
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4725101

PrimeMLS

APN: CNCD M:1412P B:67

New Hampshire Merrimack County Concord 03303 Penacook

9-13 Summer St, Concord, NH

This home is located at 9-13 Summer St, Concord, NH 03303 and is currently priced at $650,000, approximately $88 per square foot. This property was built in 1900. 9-13 Summer St is a home located in Merrimack County with nearby schools including Penacook Elementary School, Merrimack Valley Middle School, and Merrimack Valley High School.

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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