ATTENTION INVESTORS! Fully occupied 4-unit apartment building with a strong rental history and excellent income potential at 305 Richmond Road, Winchester, NH. This well-maintained multi-family property is located near the Massachusetts border, offering convenient access for commuters and tenants from both states. The property includes four residential units that are currently 100% occupied with reliable long-term tenants. It also features two separate income-producing workshop/garage spaces that provide additional revenue streams and enhance overall cash flow. Recent major capital improvements include a brand new roof, newly replaced rear stairs and decking, a fully replaced leach field, and septic connections to the two 1,000-gallon tanks that were serviced and replaced where needed. These updates ensure the property is in excellent condition and reduce future maintenance costs for the new owner. Tenants pay their own heat, hot water, and electricity, which keeps operating expenses low. This property has consistently delivered positive cash flow to the current owner, and keeping it occupied has never been an issue thanks to strong local demand. Current rents are below market rate and the leases are expiring, creating an immediate upside opportunity for a new owner to implement market-rate increases and boost net operating income right away. Whether you are an experienced investor looking to add a turnkey, low-maintenance asset to your portfolio or a buyer seeking a solid, cash-flowing property with built-in equity through recent upgrades, 305 Richmond Road is worth serious consideration. Priced to attract serious investors — schedule your showing today and see the value for yourself. The photos depicted are historic. New photographs will be available soon. Come view for yourself. This property is not going to last long!
Coming soon 06/18
Listed by: Coldwell Banker Realty Nashua
$475,000
305 Richmond Road, Winchester, NH 03470
5beds
2,790sqft
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$170/sqft
$-- HOA
What's special
- 4 days |
- 262 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Jack Garber,
Coldwell Banker Realty Nashua Cell:603-274-9010
Source: PrimeMLS,MLS#: 5093431
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Propane, Kerosene, Oil
Cooling
- None
Features
- Basement: Concrete,Concrete Floor,Walk-Out Access
Interior area
- Total structure area: 3,956
- Total interior livable area: 2,790 sqft
- Finished area above ground: 2,444
- Finished area below ground: 346
Property
Parking
- Parking features: Gravel
Features
- Levels: 2.5
- Frontage length: Road frontage: 291
Lot
- Size: 1 Acres
- Features: In Town
Details
- Parcel number: WNCHM00023B000005L000001
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Poured Concrete
- Roof: Architectural Shingle,Membrane
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: 1500+ Gallon, Concrete, Private Sewer
- Water: Public
- Utilities for property: Cable, Phone
Community & HOA
Location
- Region: Winchester
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $259,600
- Annual tax amount: $10,730
- Date on market: 6/8/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,606/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2024 | Sold | $1,500-99.5%$1/sqft |
Source: Agent Provided Report a problem | ||
| 3/29/2022 | Sold | $305,000+1.7%$109/sqft |
Source: | ||
| 2/11/2022 | Contingent | $299,900$107/sqft |
Source: | ||
| 2/4/2022 | Listed for sale | $299,900$107/sqft |
Source: | ||
| 1/27/2022 | Listing removed | -- |
Source: | ||
| 12/27/2021 | Contingent | $299,900$107/sqft |
Source: | ||
| 11/22/2021 | Listed for sale | $299,900$107/sqft |
Source: | ||
| 11/19/2021 | Contingent | $299,900$107/sqft |
Source: | ||
| 10/13/2021 | Listed for sale | $299,900$107/sqft |
Source: | ||
| 9/24/2021 | Contingent | $299,900$107/sqft |
Source: | ||
| 9/11/2021 | Price change | $299,900-10.5%$107/sqft |
Source: | ||
| 7/8/2021 | Price change | $335,000-5.6%$120/sqft |
Source: | ||
| 6/14/2021 | Price change | $355,000+6%$127/sqft |
Source: | ||
| 2/5/2021 | Price change | $335,000-4.3%$120/sqft |
Source: Owner Report a problem | ||
| 11/16/2020 | Price change | $350,000-6.7%$125/sqft |
Source: Owner Report a problem | ||
| 11/6/2020 | Listed for sale | $375,000+36.4%$134/sqft |
Source: Owner Report a problem | ||
| 10/4/2016 | Listing removed | $275,000$99/sqft |
Source: 2519-0 #4454647 Report a problem | ||
| 1/28/2016 | Price change | $275,000-6.8%$99/sqft |
Source: 2519-0 #4454647 Report a problem | ||
| 10/6/2015 | Listed for sale | $295,000$106/sqft |
Source: 2519-0 #4454647 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,593 -7.7% | $259,600 |
| 2023 | $8,224 +10.4% | $259,600 |
| 2022 | $7,451 -0.2% | $259,600 |
| 2021 | $7,469 | $259,600 |
| 2020 | $7,469 -3.8% | $259,600 +19.2% |
| 2019 | $7,762 +2.6% | $217,800 |
| 2018 | $7,564 +12.4% | $217,800 -1.2% |
| 2016 | $6,729 -1% | $220,400 -0.8% |
| 2015 | $6,795 -9% | $222,200 -9% |
| 2014 | $7,465 -0.5% | $244,100 |
| 2013 | $7,501 +10.1% | $244,100 |
| 2012 | $6,815 -10.9% | $244,100 -4.2% |
| 2011 | $7,649 +29.9% | $254,700 +16.5% |
| 2009 | $5,889 -9.4% | $218,600 -4.9% |
| 2008 | $6,499 +10.3% | $229,900 +6.9% |
| 2007 | $5,894 | $215,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Climate risks
Neighborhood: 03470
Nearby schools
GreatSchools rating
- 3/10Winchester SchoolGrades: PK-8Distance: 1 mi
Schools provided by the listing agent
- Elementary: Winchester School
- Middle: Winchester School
- High: Keene High School
- District: Winchester School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New Hampshire
- Cheshire County
- Winchester
- 03470
- 305 Richmond Road




