Prime Investment Opportunity Near North Conway Positioned on highly visible White Mountain Highway in the heart of the Mount Washington Valley, this income-producing investment property offers a compelling combination of immediate cash flow, expansion potential, and long-term value appreciation. Located just minutes from North Conway's shopping, dining, skiing, hiking, and year-round attractions, the property is ideally situated in one of New Hampshire's strongest tourism and rental markets. The property currently features three occupied residential living spaces, including a 5-bedroom, 2.5-bath residence, a 2-bedroom, 1-bath apartment, and a 3-bedroom, 2-bath residence, providing established income from day one. An on-site owner's living space offers additional flexibility for owner occupancy, property management, or supplemental rental income. Significant value-add potential exists through two additional unfinished 2-bedroom, 1.5-bath living spaces, one of which already has interior framing in place. Completion of these spaces presents an opportunity to further increase rental income and overall property value. The property has been well maintained and benefits from several capital improvements, including a durable metal roof, in-unit washer and dryer facilities, a fire suppression system, public water and sewer service, ample on-site parking, and a full basement providing valuable storage space for tenants and owners alike. Its versatile configuration and strategic location make it well suited for a variety of investment objectives. Whether you're seeking an income-producing asset with immediate cash flow or a property with future upside potential, this offering delivers both. Rarely does an opportunity combine current income, expansion potential, and proximity to North Conway's thriving commercial and recreational amenities. Investors seeking both immediate returns and long-term growth will find exceptional value in this unique Mount Washington Valley offering.
29 days
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566
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24
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Zillow last checked:
Listing updated:
Listed by:
Lobin Frizzell,
KW Coastal and Lakes & Mountains Realty/Meredith603-569-4663,
Christopher McNevich,
KW Coastal and Lakes & Mountains Realty/Meredith
Source: PrimeMLS,MLS#: 5097661
Facts & features
Interior
Heating
Oil, Baseboard, Hot Water
Cooling
None
Features
Basement: Concrete,Interior Entry
Interior area
Total structure area: 5,500
Total interior livable area: 3,200 sqft
Finished area above ground: 3,200
Finished area below ground: 0
Property
Parking
Parking features: Paved
Features
Levels: Two
Frontage length: Road frontage: 100
Lot
Size: 0.86 Acres
Features: Level
Details
Parcel number: CNWYM265B154
Zoning description: HC
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Wood Frame, Vinyl Siding
Foundation: Concrete, Concrete Slab
Roof: Asphalt Shingle
Condition
New construction: No
Year built: 1950
Utilities & green energy
Electric: 200+ Amp Service
Sewer: Private Available
Water: Public
Utilities for property: Cable at Site, Fiber Optic Internt Avail
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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