Skip main navigation
Coming soon 06/18
  • Listed by: Coldwell Banker Realty Nashua
    $475,000

    305 Richmond Road, Winchester, NH 03470

    5beds
    2,790sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $170/sqft
    $-- HOA

    What's special

    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!
    4 days
    |
    262
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jack Garber,

    Coldwell Banker Realty Nashua Cell:603-274-9010

    Source: PrimeMLS,MLS#: 5093431MLS Logo

    Loading...

      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
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,606/mo

        Price history

        DateEventPrice
        4/1/2024Sold$1,500-99.5%$1/sqft
        Source: Agent Provided Report a problem
        3/29/2022Sold$305,000+1.7%$109/sqft
        Source: PrimeMLS #4866535 Report a problem
        2/11/2022Contingent$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        2/4/2022Listed for sale$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        1/27/2022Listing removed--
        Source: PrimeMLS #4866535 Report a problem
        12/27/2021Contingent$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        11/22/2021Listed for sale$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        11/19/2021Contingent$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        10/13/2021Listed for sale$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        9/24/2021Contingent$299,900$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        9/11/2021Price change$299,900-10.5%$107/sqft
        Source: PrimeMLS #4866535 Report a problem
        7/8/2021Price change$335,000-5.6%$120/sqft
        Source: PrimeMLS #4866535 Report a problem
        6/14/2021Price change$355,000+6%$127/sqft
        Source: PrimeMLS #4866535 Report a problem
        2/5/2021Price change$335,000-4.3%$120/sqft
        Source: Owner Report a problem
        11/16/2020Price change$350,000-6.7%$125/sqft
        Source: Owner Report a problem
        11/6/2020Listed for sale$375,000+36.4%$134/sqft
        Source: Owner Report a problem
        10/4/2016Listing removed$275,000$99/sqft
        Source: 2519-0 #4454647 Report a problem
        1/28/2016Price change$275,000-6.8%$99/sqft
        Source: 2519-0 #4454647 Report a problem
        10/6/2015Listed for sale$295,000$106/sqft
        Source: 2519-0 #4454647 Report a problem

        Public tax history

        YearProperty taxesTax 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

          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

          Getting around

          0 / 100
          Car-Dependent
          13 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          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.

          Browse local experts

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel