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  • Listed by: RE/MAX Shoreline • Andy Yau
    Bought with: RE/MAX Shoreline
    $777,000

    53-55 Franklin Street, Somersworth, NH 03878

    8beds
    4baths
    4,062sqft
    Multi Family
    Built in 1880
    -- sqft lot
    $803,200 Zestimate®
    $191/sqft
    $2,670 Estimated rent

    Home value

    $803,200

    $699,000 - $924,000

    $2,670/mo

    Zestimate® history
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    What's special

    Vinyl replacement windowsNew roofNew water heatersStainless steel appliancesSleek modern flooringPrivate enclosed porchLarge bedrooms
    UNBEATABLE CASHFLOW! - Current 9.41%+ cap rate. No Need to look further as this is the cash-flowing quadplex everyone has been searching for—ideal for an investor or an owner-occupant. Small apartments no more with over 4,000 sf total; the units are spacious, offering large bedrooms, open kitchens, and living rooms. Tour through the units and enjoy updates throughout with granite countertops in all kitchens and stainless steel appliances. Discover sleek, modern flooring throughout all units. Each unit includes a private enclosed porch with abundant windows for natural light, ideal for tenants to relax and unwind on warm summer days. Recent upgrades include new back deck/steps, vinyl replacement windows throughout, a new roof, 2 new water heaters, and a highly efficient 9-years-young natural gas heating system utilizing condensing & sealed two stage combustion technology. Situated in up-and-coming Somersworth, NH, this property is at the heart of a thriving market with hundreds of new construction apartments and vibrant commercial developments planned for the next few years. Just 6 minutes from Dover, 20 minutes from historic Portsmouth, and a little over an hour from Boston, MA, tenants enjoy easy access to urban amenities, coastal charm, and regional connectivity. Act fast as this will not last. Delayed PRIVATE showings begin on Friday, May 9 & Sat, May 10, from 11-1PM.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andy Yau,

    RE/MAX Shoreline 603-431-1111

    Bought with:

    Carol Lavigne

    RE/MAX Shoreline

    Source: PrimeMLS,MLS#: 5039502MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Natural Gas, Hot Water
    Cooling
    • Other
    Features
    • Basement: Concrete Floor,Walk-Up Access
    Interior area
    • Total structure area: 7,419
    • Total interior livable area: 4,062 sqft
    • Finished area above ground: 4,062
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved
    Features
    • Levels: Two
    Lot
    • Size: 6,534 Square Feet
    • Features: City Lot, Level
    Details
    • Zoning description: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Exterior
    • Foundation: Poured Concrete, Stone
    • Roof: Asphalt Shingle
    Condition
    • New construction: No
    • Year built: 1880

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Location
    • Region: Somersworth

    Financial & listing details

    • Price per square foot: $191/sqft
    • Date on market: 5/6/2025

    Price history

    DateEventPrice
    6/16/2025Sold$777,000-2.9%$191/sqft
    Source: PrimeMLS #5039502 Report a problem
    5/16/2025Price change$799,900+6.7%$197/sqft
    Source: PrimeMLS #5039502 Report a problem
    5/6/2025Listed for sale$749,900+36.3%$185/sqft
    Source: PrimeMLS #5039502 Report a problem
    3/1/2023Sold$550,000+147.7%$135/sqft
    Source: Agent Provided Report a problem
    2/6/2017Sold$222,000$55/sqft
    Source: PrimeMLS #4506586 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 03878

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $803,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $803,200