NOT LISTED FOR SALE

9 Central St Newmarket, NH 03857

12 Beds
6 Baths
5,353 Sq Ft
2,178 Sq Ft Lot

Last Sold October 06, 2023

Last sale price $1,100,000 $205 Per Sq Ft

13 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Walk-Up Access
  • Newmarket Elementary School Rated A-
  • High Speed Internet
  • 3-minute walk to Schanda Conservation Park

About This Home

As of October 2023

Prime Location + Newly Renovated! Nestled on the banks of the Lamprey River, this completely renovated multi-family property offers six units of turnkey, self-contained 2-bedroom apartments. The entire building underwent an extensive rehab with new electrical service, wiring, and plumbing throughout, along with new kitchens, bathrooms, flooring and painting renovations. Fully leased, the property is in stellar condition with a few units that include parking. Despite being in the midst of the charming, hustle-bustle of downtown, equipped with restaurants & cafes, breweries, outdoor events, shopping, the location provides a sense of peace of being tucked away from it all. Newmarket, voted one of HGTV’s ‘most charming small towns in America’, is a rapidly expanding community. With rentals in high demand, population growing at a rate of 3.4%, and median household income at $104,727, this offering is an attractive investment for long-term investors. Living in Newmarket, known for its beautiful landscapes and scenic hiking trails, particularly, the Lamprey River Trail and Rockingham Rail Trail, tenants will be a mere 25 minutes to the City of Portsmouth, within an hour to Boston, and have easy access to international airports. A must see for wise investors – call me for immediate showings. OH on Saturday, July 29th & Sunday, July 30th 10:00 – 12:00 PM.

Last Agent to Sell the Property

Carol Parker

Carol Parker Real Estate License #071477 Listed on: 07/26/2023

Carol Parker Real Estate

Last Buyer's Agent

Ling He

Carey Giampa, LLC/Rye

Carey Giampa, LLC/Rye

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,163

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 3-Story Property

Flooring

  • Wood
  • Carpet

Unfinished Basement

  • Walk-Up Access
  • Connecting Stairway
  • Dirt Floor

Schools

  • Newmarket Elementary School
  • Newmarket Junior High School
  • Newmarket Senior High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Block 34
  • 27% Total Tax Rate

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Gas Meters
  • Operating Expense $33,653
  • Gross Income $114,300
  • Net Operating Income $80,647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,163

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Route 108 to Newmarket from Route 33, drive into town, take a left onto Chapel Street, then right onto Spring Street and right onto Central. Property is on your right.
  • Assessment Amount: 413600
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 205.49
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7009
  • Sq Ft - Apx Total Finished: 5353
  • Year Built: 1900
  • Remarks Public: Prime Location + Newly Renovated! Nestled on the banks of the Lamprey River, this completely renovated multi-family property offers six units of turnkey, self-contained 2-bedroom apartments. The entire building underwent an extensive rehab with new electrical service, wiring, and plumbing throughout, along with new kitchens, bathrooms, flooring and painting renovations. Fully leased, the property is in stellar condition with a few units that include parking. Despite being in the midst of the charming, hustle-bustle of downtown, equipped with restaurants & cafes, breweries, outdoor events, shopping, the location provides a sense of peace of being tucked away from it all. Newmarket, voted one of HGTV’s ‘most charming small towns in America’, is a rapidly expanding community. With rentals in high demand, population growing at a rate of 3.4%, and median household income at $104,727, this offering is an attractive investment for long-term investors. Living in Newmarket, known for its beautiful landscapes and scenic hiking trails, particularly, the Lamprey River Trail and Rockingham Rail Trail, tenants will be a mere 25 minutes to the City of Portsmouth, within an hour to Boston, and have easy access to international airports. A must see for wise investors – call me for immediate showings. OH on Saturday, July 29th & Sunday, July 30th 10:00 – 12:00 PM.
  • List Agent: 279874
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt Floor, Unfinished, Stairs - Basement
  • Sq Ft - Apx Finished AG: 5353
  • Sq Ft - Apx Unfinished BG: 1656

Exterior Features

  • Construction: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: On Demand
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Total Gas Meters: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 1
  • Utilities: High Speed Intrnt -Atsite, Internet - Cable

Schools

  • School District: Newmarket SAU #31
  • Elementary School: Newmarket Elem School
  • Middle School: Newmarket Junior High School
  • High School: Newmarket Senior HS
  • Elementary School: Newmarket Elem School
  • High School: Newmarket Senior HS

Lot Info

  • Map: U2
  • Lot Sq Ft: 2178
  • Lot Acres: 0.05
  • Lot Description: Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: M2
  • Deed Book: 6414
  • Deed Page: 2321
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 114300
  • Net Income: 80647
  • Total Full Baths: 6
  • Total Units: 6
  • Total2 Bedroom Units: 6

Tax Info

  • Taxes TBD: Yes
  • Tax Rate: 26.99
  • Tax Gross Amount: 11163
  • Tax Year: 2022

MLS Schools

  • School District: Newmarket SAU #31
  • School Middle Jr: Newmarket Junior High 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
10/06/2023 10/06/23 Sold $1,100,000 0.0% $205 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $1,100,000 +144.4% $205 / Sq Ft
06/10/2022 06/10/22 Sold $450,000 -10.0% $98 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $499,900 -- $109 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4962816

PrimeMLS