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Listed by Jamieson Duston • Duston Leddy Real Estate • Cell: 603-365-5848
$2,300,000
Est. payment /mo
0.3 Acres Lot
Active
68 SOUTH MAIN ST Rochester, NH 03867
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5086212
Year Built 2011
Annual Tax Amount $24,106
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Property Description
Positioned in one of New Hampshire's fastest-growing, high-demand rental markets, this institutional-quality 9-unit mixed-use asset delivers a true turnkey, cash-flowing investment opportunity with strong in-place income and zero deferred maintenance. Built with a “no expense spared” approach, this property stands out as a premium, low-maintenance asset designed for long-term performance. Features include elevator access, secure entry with video surveillance, and on-site coin-operated laundry, all enhancing tenant retention and operational efficiency. The unit mix consists of eight well-appointed residential apartments plus one street-level retail/office space, providing diversified income streams and additional upside potential. Each unit is outfitted with high-efficiency Carrier heat pumps (tenant-paid utilities)—a major advantage for investors seeking reduced operating expenses and improved NOI stability. Construction quality is exceptional, featuring: Eagle windows for superior energy efficiency, private balconies on upper-level units (premium rent potential), double offset 2x6 wall construction for sound insulation and tenant satisfaction. The property is fully stabilized with strong-performing tenants, generating approximately $120,000 in net annual income at a + 5.2% cap rate, with potential for future rent growth. Additional highlights: Ample off-street parking (high tenant demand driver), prime urban location supporting consistent occupancy, minimal landlord responsibilities with tenant-paid utilities. This is a rare opportunity to acquire a high-quality, income-producing asset without the risks, delays, or capital requirements of ground-up development. Ideal for cash investors seeking stable returns, passive income, and long-term appreciation in a tax-advantaged state.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning R-40
Rooms
Basement None
Interior
Cooling Central AC
Inclusions Building Only
Exterior
Utilities Available Cable
Roof Type Membrane
Building
Sewer Public
NEARBY SCHOOL & BUSINESS
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