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Listed by: Samonas Realty, LLC • Andrew Samonas

Bought with: KW Coastal and Lakes & Mountains Realty/Portsmouth

$887,000

425 Islington Street, Portsmouth, NH 03801

4beds

2,058sqft

Multi Family

Built in 1840

-- sqft lot

$1,038,600 Zestimate^®

$431/sqft

$2,533 Estimated rent

Home value

$1,038,600

$976,000 - $1.12M

$2,533/mo

Zestimate^® history

Owner options

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$2,533/mo

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$2,533/mo

Rent Zestimate^®

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$4,770/mo

Est. payment

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$4,770/mo

Est. payment

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What's special

Strong rentsSmall drivewaysNew streetscapesNew appliancesVinyl siding

A phenomenal 4-unit sitting in the core of Downtown Portsmouth where investor returns are bolstered by strong rents, extremely low vacancy, and stellar property appreciation. Tasteful updates make this property seamless to purchase and maintain. Low threshold for upkeep with vinyl siding, small driveways shoveled by tenants, and new appliances - this is really a set it and forget it type of asset. With new streetscapes, improved sidewalks, and connectivity throughout all of the West End and into Downtown, you will reap the benefits of the City's recent investment in infrastructure and traffic calming efforts. Come see why these units and this asset would sit nicely into any portfolio or how you can take advantage of an owner-occupied loan and create some impressive equity for yourself. First showings will be during the OH: Thursday (7/13) 4:30-6:30pm, Friday (7/14) 4-6pm, and Saturday 10-12pm. All financial info is included with the listing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas, Hot Air

Cooling

None

Appliances

Included: Natural Gas Water Heater

Features

Basement: Full,Unfinished,Interior Entry

Interior area

Total structure area: 3,146
Total interior livable area: 2,058 sqft
Finished area above ground: 2,058
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Paved, On Street, Parking Spaces 2
Has uncovered spaces: Yes

Features

Levels: Two
Frontage length: Road frontage: 40

Lot

Size: 2,614 Square Feet
Features: City Lot, Curbing, Level

Details

Zoning description: CD4-L2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Brick, Concrete, Block w/ Skim Coating
Roof: Asphalt Shingle,Fiberglass Shingle,Other Shingle

Condition

New construction: No
Year built: 1840

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Cable

Community & HOA

Location

Region: Portsmouth

Financial & listing details

Price per square foot: $431/sqft
Annual tax amount: $5,831
Date on market: 7/11/2023
Exclusions: All tenant belongings
Road surface type: Paved

Price history

Date	Event	Price
8/17/2023	Sold	$887,000+0.9%$431/sqft
Source: PrimeMLS #4960831 Report a problem
7/11/2023	Listed for sale	$879,000$427/sqft
Source: PrimeMLS #4960831 Report a problem