7 Wallace Street
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$1,895,000

7 Wallace Street
Rochester, NH 03839
Listed by Deana Arden · NAI Norwood Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

A rare downtown Rochester assemblage totaling 2.11± acres across two contiguous parcels (7 Wallace Street and 9, 10, 12 Hoyt Court). The portfolio includes 5 structures with approximately 10,763 SF of mixed residential, office, and industrial space, generating approximately $132,000 in gross annual income. The combined 2024 assessed value is $1,209,400. Located in the Downtown/Commercial zone with access to municipal water and sewer. Adjacent to City-owned land at 10 Wallace Street (~0.71 ac), creating potential assemblage of ~2.82± acres. Well-suited for continued income-producing use or redevelopment as senior housing, workforce multifamily, or mixed-use. Identified interest from private developers and the City of Rochester.

Property details

MLS #
5097914
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
41
On market date
N/A
Stories
N/A
Garage spaces
1
Lot size
2.11 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
School Street School
0.28 mi away · Grades 0-4
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
67
Student:teacher ratio
11.2:1
District
Rochester School District
Middle
Rochester Middle School
1.15 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
874
Student:teacher ratio
11.1:1
District
Rochester School District
High
Spaulding High School
0.73 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,326
Student:teacher ratio
12.4:1
District
Rochester School District

Mortgage calculator

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Est. monthly payment
$11,562/mo
$379,000 down
$1,516,000 loan
Principal & interest$9,833
Property tax (est.)$1,579
Home insurance (est.)$150

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