Bought with Sam Harding • Duston Leddy Real Estate
$2,050,000
$2,250,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
7 Baths
5,194 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $2,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $394
MLS Listing ID 5003887
Sold Date 10/18/24
Bedrooms 11
Full Baths 7
Construction Status Existing
Year Built 1900
Annual Tax Amount $15,535
Tax Year 2023
Lot Size 0.840 Acres
Acres 0.84
Property Description
Welcome to 366 Broad St, a rare multi-family offering in the heart of Little Harbor. This magnificent property, being presented to the market for the first time since 1964, embodies charm, versatility & exceptional investment potential. Situated on an impressive .85-acre lot, this 7 unit property is comprised of a turn-of-the-century main home with an attached carriage house, a detached single-family residence & a 4-car garage/outbuilding. Totaling 5,194 sq ft of finished living space, the main building has three 2-bedroom, 1-bath units & three 1-bedroom, 1-bath units. The detached home is a 2-bedroom, 1-bath residence, perfect for additional rental income or private use. The owners have chosen to keep tenants in place with rents below market rates to foster long-term tenant relationships, resulting in low turnover. Currently, with several units vacant due to the property coming to market, there is a prime opportunity for new ownership to enhance units & potentially raise rents to market rates. Beyond its current use as a multi-unit rental property, the expansive lot size invites consideration for alternative development possibilities. Located just moments from Downtown Portsmouth, this property offers unparalleled convenience to the city’s vibrant shops, restaurants & cultural amenities. This is a rare opportunity to acquire a 7-unit property of this caliber with substantial lot size & proximity to downtown—a true gem in Portsmouth’s real estate market.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning GRA
Rooms
Basement Entrance Interior
Basement Bulkhead, Unfinished, Interior Access
Interior
Heating Gas - Natural
Cooling None
Flooring Wood
Exterior
Garage Spaces 4.0
Garage Description Driveway, On-Site, Paved
Utilities Available Cable - At Site, Gas - On-Site
Amenities Available Coin Laundry
Roof Type Shingle
Building
Story 2.5
Foundation Brick, Concrete, Stone
Sewer Public
Construction Status Existing
Schools
Elementary Schools Little Harbor School
Middle Schools Portsmouth Middle School
High Schools Portsmouth High School
School District Portsmouth
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