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$1,375,000
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Property Description
12 Grondin Drive is a three-story, eight (8) unit residential building containing eight (8) 2-Bedroom/1-Bathroom units with 10,800 square feet of gross living area situated on a 0.69-acre parcel in Farmington, New Hampshire. The Property is separately metered for electricity which the tenants pay directly. The Landlord is responsible for trash and recycling removal. Off-street parking is available on site. The Property is 100% occupied and was substantially renovated in 2025 with over $133,000 in capital improvements. In-place gross scheduled rent is $13,150 per month ($157,800 annually) across units ranging from $1,350 to $1,825 per month. Net Operating Income is $98,840 reflecting a 7.19% capitalization rate at the asking price of $1,375,000 ($171,875 per unit). An adjacent 3.16-acre parcel is available separately at $70,000 and may be acquired in combination with the building upon request. Showings by appointment only. Do not disturb occupants.
Full Property Details
Full Property Details for 12 Grondin Dr
General
- Price: $1,375,000
- Taxes: $8,876
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5100933
- Updated: 7/21/2026
- Added to Site: 84 day(s) ago
Rental Information
- Lease Terms: Unit1=Month to Month, Unit2=Month to Month, Unit3=Month to Month, Unit4=Month to Month, Unit5=Month to Month, Unit7=Month to Month, Unit8=Other,
Parking
- Garage: Yes
- Garage Spaces: 8
Location
- County: Strafford
- Condo Project Name: Monthly
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Sewer: Private
Structural Information
- Construction Status: Existing
- Roof: Asphalt Shingles
- Stories/Levels: 2
- Finished Total: 10,800 Sq. Ft.
- Finished Above Grnd: 10,800 Sq. Ft.
- Year Built: 1980
Unit Information
- 2 Bedroom Units: 8
Unit 1
- Square Feet: 1350
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Square Feet: 1350
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 1350
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Square Feet: 1350
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Square Feet: 1350
- Bedrooms: 2
Unit 6
- Square Feet: 1,350
- Bedrooms: 2
Unit 7
- Square Feet: 1,350
- Total Bathrooms: 1
- Bedrooms: 2
Unit 8
- Square Feet: 1,350
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 3.16
- Lot Size (Sq. Ft.): 137,650
- Frontage: TBD
- Driveway/Sidewalk: Dirt
- Zoning: RR
Financial Considerations
- Price Per Sq. Ft.: $127.31
- Tax Amount: $8,876
Disclosures and Reports
- Lot Number: 1
Listed by EXP Realty, Justin Porter
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Schools
Schools serving 12 Grondin Dr
School District:Farmington School District
| Name | Grades | Distance |
|---|---|---|
Henry Wilson Memorial School 51 School Street, Farmington, NH 03835 | 4-8 | 3.1 mi |
Valley View Community Elementary School 79 Thayer Drive, Farmington, NH 03835 | PK-3 | 3.5 mi |
Farmington Senior High School 40 Thayer Drive, Farmington, NH 03835 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12 Grondin Dr
Date
Details
Price
Change
Source
7/21/2026
Listed
$1,375,000
34.15%
MLS
1/23/2023
Sold
$1,025,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12 Grondin Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,134
5%
$1,031,600
—
2024
$15,350
—
$1,031,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12 Grondin Dr
12 Grondin Drive, Farmington, NH 03835 (MLS# 5100933) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 12 Grondin Drive is currently listed for $1,375,000 and was received on July 21, 2026. Want to learn more about 12 Grondin Drive? Do you have questions about finding other Multi-Family real estate for sale in Farmington? You can browse all Farmington real estate or contact a Coldwell Banker agent to request more information.

