173 N Main
Rochester, NH 03867
- – beds
- – baths
- 3,497 sqft
- 16,117 sqft lot
- $271 per sqft
- 1885 build
- – on site
5-Unit Multifamily + 8-Bay Garage | Offered at $950,000 | Portfolio Option Available A standout investment in Rochester’s growing multifamily market. 173 North Main Street is a stabilized 5-unit property with strong current income and additional upside. The property features a rare 8-bay garage—perfect for added income or tenant use. Recent improvements include new egress stairs and three fully renovated units. The remaining two units offer value-add potential via rent increases or light updates. 2024 Financials: Total Operating Income: $97,607.39 Total Expenses: $31,469.43 Net Operating Income (NOI): $66,137.96 Cap Rate (at $950,000): 6.96% Estimated Annual Cash Flow (at 25% down, 7% interest, 25-yr amortization): ~$17,345/year Purchase as a standalone asset or part of a combined 11-unit portfolio with neighboring 171 North Main Street. Buyer and buyer agent do own due diligence. 48 hour notice required. Group staggered showings will be scheduled. Proof of funds required to schedule a tour. No seller financing. Adjacent building per MLS: 455966 is also listed. Can be purchased together or separately.
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Last updated Apr 2, 2025
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MLS# 5034453 —
The Building
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Year Built:1885
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Other
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Architectural Style:Multi-Family
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Roof:Shingle - Asphalt
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Foundation:Brick, Stone
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Total Stories:3
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Total Units:5
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Approx SqFt Total:3497
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Approx SqFt Total Finished:3,497 Sqft
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Approx SqFt Finished Above Grade:3,497 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Finished Above Grade Source:Public Records
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Road Frontage Type:Paved, Public
Interior
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Basement:Yes
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Basement Description:Concrete
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Basement Access Type:Interior
Location
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Latitude:43.305721000001000
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Longitude:-70.984172000000001
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot Features:Near School(s)
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Lot SqFt:16,117 Sqft
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Lot Acres:0 Sqft
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Zoning:DTC
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Driveway:Paved
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Road Frontage:Yes
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Road Frontage Length:75 Sqft
Listing Agent
- Contact info:
- Office phone:
- (888) 944-5827
Taxes
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Tax Year:2023
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Taxes TBD:Yes
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Tax - Gross Amount:$9,161
Beds
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Total 2 Bedroom Units:2
The Listing
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Price Per SqFt:271.66
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Oil
Utilities
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Utilities:None
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Sewer:Public
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Electric:200 Amp, Circuit Breaker(s)
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Water Source:Public
The Community
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Covenants:Unknown
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Assessment Year:2023
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Assessment Amount:355900
Parking
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Garage:Yes
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Garage Capacity:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/2/25
Apr 2, 2025
|
Listed / Active | PRIME_MLS | $950,000 |
