Residential Income at 38 Unit Somersworth Portfolio, Somersworth
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$6,600,000

38 Unit Somersworth Portfolio
Somersworth, NH 03878
Listed by William Peck · Horvath & Tremblay LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1824

About this home

The Portfolio at 17-31 Market Street, 62 Green Street, and 260 Main Street contains thirty-eight (38) units consisting of three (3) 3-Bedroom/1-Bathroom units, twenty-eight (28) 2-Bedroom/1-Bathroom units, and seven (7) 1-Bedroom/1-Bathroom units with 35,785 square feet of gross living area in 49,680 square feet of gross area. The Property is on a combined 1.32 acres of land and features over thirty-eight (38) parking spaces between the Properties. 260 Main Street is a two-story building containing twelve (12), 2-Bedroom/1-Bathroom residential units with 9,936 square feet of living area in 15,062 square feet of total gross area on a 0.53-acre parcel. The Property is separately metered for electricity, gas fired heat, and electric hot water which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The Property includes twenty-four (24) off-street parking spaces. 62 Green Street is a three-story building containing fourteen (14) residential units consisting of four (4), 1-Bedroom/1-Bathroom units, six (6), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1-Bathroom units with 11,861 square feet of living area in 16,565 square feet of total gross area on a 0.11-acre parcel. The Property is separately metered for electricity which the tenants pay directly. The Landlord is responsible for common area electric, gas fired heat and hot water, and domestic water and sewer. 17-31 Market Street is comprised of three (3) three-story buildings containing twelve (12) residential units consisting of three (3), 1-Bedroom/1-Bathroom units, ten (10), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 13,988 square feet of living area in 18,053 square feet of total gross area on a 0.69-acre parcel. The Properties are separately metered for electricity which the tenants pay directly. The Landlord is responsible for common area electric, gas fired heat and hot water, and domestic water and sewer.

Property details

MLS #
5093666
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
64
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.32 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Maple Wood Elementary School
0.11 mi away · Grades 3-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
306
Student:teacher ratio
11.8:1
District
Somersworth School District
Middle
Somersworth Middle School
0.41 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
343
Student:teacher ratio
11.4:1
District
Somersworth School District
High
Somersworth High School
0.42 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
401
Student:teacher ratio
10.8:1
District
Somersworth School District

Walkability

Blended score for Somersworth's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

54
Somewhat walkable
out of 100
EPA National Walkability Index
5.8 / 20 -- Below average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores2
Parks8
Schools10
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Somersworth, from live MLS data.

On the market 64 days -- 48 fewer days than Somersworth's current average of 112 days.
For reference, the median list price across 72 active listings in Somersworth right now is $375,000.

Mortgage calculator

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Est. monthly payment
$39,896/mo
$1,320,000 down
$5,280,000 loan
Principal & interest$34,246
Property tax (est.)$5,500
Home insurance (est.)$150

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