Active under contract

Listed by: Arthur Thomas Properties • Paula Igoe

$2,750,000

275-279 Mast Road, Durham, NH 03824

--beds

--baths

8,484sqft

$20,279/mo

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Multi Family

Built in 2010

-- sqft lot

$2,535,700 Zestimate^®

$324/sqft

$-- HOA

What's special

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.

128 days
24
0

Facts & features

Interior

Bedrooms & bathrooms

Full bathrooms: 8

Heating

Natural Gas, Hot Water

Cooling

None

Features

Flooring: Carpet, Hardwood, Tile
Basement: Full,Slab,Interior Access,Exterior Entry,Walk-Up Access

Interior area

Total structure area: 8,484
Total interior livable area: 8,484 sqft
Finished area above ground: 8,484
Finished area below ground: 0

Property

Parking

Total spaces: 21
Parking features: Paved, On Site, Parking Spaces 21+

Features

Levels: Two

Lot

Size: 1.97 Acres
Features: Level, Secluded, Trail/Near Trail, Near Shopping, Near Public Transit, Near School(s)

Details

Parcel number: DRHMM9B20L
Zoning description: MUDOR

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Concrete
Roof: Asphalt Shingle

Condition

New construction: No
Year built: 2010

Utilities & green energy

Electric: 100 Amp Service, Circuit Breakers
Sewer: Public Sewer
Water: Drilled Well
Utilities for property: Underground Gas

Community & HOA

Location

Region: Durham

Financial & listing details

Price per square foot: $324/sqft
Tax assessed value: $1,111,500
Annual tax amount: $37,683
Date on market: 5/8/2026

Estimated market value

$2,535,700

$2.41M - $2.66M

$2,738/mo

Price history

Date	Event	Price
5/8/2026	Listed for sale	$2,750,000$324/sqft
Source: PrimeMLS #5087830 Report a problem
3/31/2026	Listing removed	$2,750,000$324/sqft
Source: PrimeMLS #5040821 Report a problem
7/11/2025	Price change	$2,750,000-6.8%$324/sqft
Source: PrimeMLS #5040821 Report a problem
5/14/2025	Listed for sale	$2,950,000+34.1%$348/sqft
Source: PrimeMLS #5040821 Report a problem
7/28/2020	Sold	$2,200,000$259/sqft
Source: PrimeMLS #4803882 Report a problem
5/6/2020	Listed for sale	$2,200,000+434.6%$259/sqft
Source: Bean Group / Portsmouth #4803882 Report a problem
5/21/2015	Sold	$411,533$49/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$30,822	$1,111,500
2023	$30,822	$1,111,500
2022	$30,822	$1,111,500
2021	$30,822	$1,111,500
2020	$30,822 +1.1%	$1,111,500
2019	$30,488 +2.3%	$1,111,500
2018	$29,788 +6.4%	$1,111,500 +21.6%
2017	$28,005 +3.1%	$914,000
2016	$27,173 -0.4%	$914,000
2015	$27,283 -2.2%	$914,000
2014	$27,895 +7.5%	$914,000 +7.1%
2013	$25,952 +25.7%	$853,400 +16.6%
2011	$20,640 +123.9%	$731,900 +116.6%
2010	$9,218	$337,900