Residential Income at 275-279 Mast Road, Durham
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59 photos

$2,750,000

Under contract
275-279 Mast Road
Durham, NH 03824
Listed by Paula Igoe · Arthur Thomas Properties
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2010

About this home

An exceptional investment opportunity in the heart of Durham, consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham. This turn-key asset features 8 spacious residential units with 22 bedrooms and town approval for up to 27 student beds, offering a unique combination of strong cash flow, prime location, and future flexibility. The property also includes 40 on-site parking spaces, a rare amenity in this highly desirable rental market. A strong investment opportunity with a projected 8.46% cap rate, this property presents a solid, long-term investment in one of New Hampshire’s most sought-after college communities.

Property details

MLS
Prime MLS
MLS #
5087830
Property type
Residential Income
Subdivision
N/A
Status
Under contract
Days on market
75
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.97 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.

Elementary
Moharimet School
1.55 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
291
Student:teacher ratio
11.6:1
District
Oyster River Coop School District
Middle
Oyster River Middle School
1.15 mi away · Grades 5-8
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
629
Student:teacher ratio
10.3:1
District
Oyster River Coop School District
High
Oyster River High School
1.44 mi away · Grades 9-13
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
858
Student:teacher ratio
13.0:1
District
Oyster River Coop School District

Walkability

Blended score for Durham'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).

43
Somewhat walkable
out of 100
EPA National Walkability Index
10.3 / 20 -- Below average walkable
Google Places amenity density
30 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools3
Transit stops20
Pharmacies0

Market position

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

On the market 75 days -- 200 fewer days than Durham's current average of 275 days.
For reference, the median list price across 31 active listings in Durham right now is $799,000.

Mortgage calculator

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

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Est. monthly payment
$16,711/mo
$550,000 down
$2,200,000 loan
Principal & interest$14,269
Property tax (est.)$2,292
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 07/23/26.