(Agents, see non-public remarks) Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month (also below market). There are three furnaces that could be zoned so that each unit is paying their own heat ($6k savings). With the property being zoned Residential Commercial (up to six units), buyers should look into the possibility of adding more units in the outbuilding space. It is perfectly set up to accommodate two 750 sqft, 1-2 BR units, or one large unit. According to the zoning ordinance for residential commercial, you're allowed a unit for every 15,000 sqft of land. With the lot being 73,180 sqft there should be enough acreage to expand, especially with the new 2000 + 500 gal septic system that was installed in 2017.
Closed
Listed by: Duston Leddy Real Estate • Sam Harding
Bought with: Maxfield Real Estate/Wolfeboro
$500,000
288 Main Street, Alton, NH 03809
5beds
4baths
2,496sqft
Multi Family
Built in 1870
-- sqft lot
$579,300 Zestimate®
$200/sqft
$1,812 Estimated rent
Home value
$579,300
$533,000 - $631,000
$1,812/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Sam Harding,
Duston Leddy Real Estate Cell:603-254-3338
Bought with:
Jen McCullough
Maxfield Real Estate/Wolfeboro
Source: PrimeMLS,MLS#: 4971856
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Propane, Forced Air
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Crawl Space,Full,Interior Stairs,Unfinished,Walk-Up Access
Interior area
- Total structure area: 3,936
- Total interior livable area: 2,496 sqft
- Finished area above ground: 2,496
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Gravel, Paved, Detached, Leased, Other, Parking Spaces 6+
- Garage spaces: 4
Features
- Levels: 1.75
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Body of water: Wentworth Pond
- Frontage length: Road frontage: 190
Lot
- Size: 1.68 Acres
- Features: Hilly
Details
- Parcel number: ALTNM31B28
- Zoning description: Residential Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Clapboard Exterior, T1-11 Exterior, Vinyl Siding
- Foundation: Granite, Stone
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Shared Septic
- Water: Public Water On-Site
- Utilities for property: Other
Community & HOA
Location
- Region: Alton
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $331,600
- Annual tax amount: $3,549
- Date on market: 2/20/2024
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | $500,000-6.5%$200/sqft |
Source:  PrimeMLS #4971856 Report a problem | ||
| 2/20/2024 | Listed for sale | $535,000$214/sqft |
Source: PrimeMLS #4971856 Report a problem | ||
| 1/23/2024 | Listing removed | -- |
Source: PrimeMLS #4971856 Report a problem | ||
| 12/8/2023 | Price change | $535,000-2.7%$214/sqft |
Source: PrimeMLS #4971856 Report a problem | ||
| 9/27/2023 | Listed for sale | $549,900+19.5%$220/sqft |
Source: PrimeMLS #4971856 Report a problem | ||
| 5/12/2021 | Sold | $460,000+54.4%$184/sqft |
Source: PrimeMLS #4847092 Report a problem | ||
| 12/29/2017 | Sold | $297,900+132.7%$119/sqft |
Source: PrimeMLS #4650186 Report a problem | ||
| 6/1/2006 | Sold | $128,000$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,304 +4.6% | $331,600 +6.2% |
| 2023 | $4,113 +15.9% | $312,100 |
| 2022 | $3,549 -5.6% | $312,100 +15.8% |
| 2021 | $3,761 | $269,600 |
| 2020 | $3,761 +11.5% | $269,600 |
| 2019 | $3,373 -10.6% | $269,600 |
| 2018 | $3,772 +8.8% | $269,600 |
| 2017 | $3,467 -6.7% | $269,600 +2.7% |
| 2016 | $3,716 +9.9% | $262,600 +10.8% |
| 2015 | $3,381 +1.6% | $236,900 -1.4% |
| 2014 | $3,328 +48.5% | $240,300 +13.3% |
| 2007 | $2,241 | $212,000 |
Find assessor info on the county website
Neighborhood: 03809
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Nearby schools
GreatSchools rating
- 5/10Alton Central School (Elem)Grades: PK-8Distance: 1 mi
- 4/10Prospect Mountain High SchoolGrades: 9-12Distance: 2 mi
- NAProspect Mountain High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$579,300
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Estimated market value
$579,300
- New Hampshire
- Belknap County
- Alton
- 03809
- 288 Main Street
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