INNOVATE Real Estate
Residential Income at 40 Myrtle Street, Keene
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60 photos

$395,000

40 Myrtle Street
Keene, NH 03431
Listed by Isabella S Luhrs · BHG Masiello Keene
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1870

About this home

Two homes, eight bedrooms, and one exceptional investment opportunity in the heart of Keene! 40 Myrtle Street is a two-unit multifamily property, with each unit offering four bedrooms and two full bathrooms. Both feature functional, two-level layouts with generous living spaces and in-unit washer and dryer hookups. One residence, originally built in 1870, was completely renovated in 2011, while the second was newly constructed that same year. Each unit has separate electric, heating, and water utilities. Additional features include a three-year-old tankless heating system in Unit 2, two 110-amp electrical panels, town water and sewer, vinyl siding, ample off-street parking, yard space, and tenant-paid utilities. The spacious layouts offer flexibility for comfortable everyday living, home offices, storage, or bonus space. While the property is ready for cosmetic updates, its major systems have been maintained. Conveniently located just minutes from Keene State College and downtown Keene, with shopping, restaurants, the bike path, and everyday amenities nearby. Nearby major highways provide convenient commuting options. Whether you’re seeking rental income or a smart live-in investment, this property is well positioned to become a cornerstone of your portfolio. Unit 1 is leased through December 31, 2026, and Unit 2 is leased through September 15, 2026. Tenant occupied; 48-hour notice is required for all showings.

Property details

MLS #
5102758
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
10
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.31 acres

Location

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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
Wheelock Elementary School
0.19 mi away · Grades 0-5
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
198
Student:teacher ratio
9.9:1
District
Keene School District
Middle
Keene Middle School
2.77 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
653
Student:teacher ratio
11.7:1
District
Keene School District
HighCharter
Making Community Connections Charter School - Monadnock
0.61 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
49
Student:teacher ratio
9.8:1
District
Making Community Connections Charter School

Walkability

Blended score for Keene'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).

29
Car-dependent
out of 100
EPA National Walkability Index
8.0 / 20 -- Below average walkable
Google Places amenity density
13 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools1
Transit stops1
Pharmacies0

Market position

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

On the market 10 days -- 145 fewer days than Keene's current average of 155 days.
For reference, the median list price across 97 active listings in Keene right now is $335,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
% / yr
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/mo
Est. monthly payment
$2,529/mo
$79,000 down
$316,000 loan
Principal & interest$2,050
Property tax (est.)$329
Home insurance (est.)$150

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