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Active under contract
    • Listed by: Arthur Thomas Properties • Paula Igoe
    $2,750,000

    275-279 Mast Road, Durham, NH 03824

    --beds
    --baths
    8,484sqft
    : 
    $19,671/mo
    Get pre-qualified
    Multi Family
    Built in 2010
    -- sqft lot
    $2,529,900 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.
    81 days
    |
    127
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Paula Igoe,

    Arthur Thomas Properties 603-413-6175

    Source: PrimeMLS,MLS#: 5087830MLS Logo

      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 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

        $2,529,900

        $2.40M - $2.66M

        $2,682/mo

        Price history

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

        Public tax history

        YearProperty taxesTax 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
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 03824

        Getting around

        14 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Oyster River Middle School
        • High: Oyster River High School
        • District: Oyster River Cooperative

        Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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