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$1,095,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Units
  • 0.08 Acres
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Welcome to 258 Maplewood Ave, Portsmouth, NH-a remarkable 4-unit multi-family investment property filled with character and situated in a prime Portsmouth location. Just a stones throw from North Mill Pond and a short stroll to downtown Portsmouth. Relish the convenience of easy access to Market Square, The Music Hall, Portsmouth Harbor, Strawberry Banke, and Prescott Park. The current Net Operating Income (NOI) stands at an impressive $73,337. Potential exists for an even greater NOI as some rents are currently below market value. Projected NOI based on market rents would be over $78,000. Tenants pay all their utilities, and the landlord covers the electric house meter and water/sewer expenses. All four apartments are presently occupied and feature natural gas, offering tenants a cost-effective and energy-efficient solution and off-street parking, contributes to tenant convenience, and augments the property value. The exterior of property showcases low maintenance landscaping, effectively reducing operational costs. Seize this rare opportunity to invest in a well maintained 4-unit multi-family property with exceptional income and even more potential. Schedule a viewing now to secure your stake in the flourishing Portsmouth real estate market. Please note that a 24-hour notice is required for all showings.

Full Property Details for 258 Maplewood Ave

General

  • Sold For: $1,095,000
  • Taxes: $9,149 (2022)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 4978844
  • Added to Site: 808 day(s) ago

Rental Information

  • Lease Terms: Unit1=Annual, Unit2=Month to Month, Unit3=Annual, Unit4=Annual,

Location

  • County: Rockingham

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Gas - Natural
  • Water Heater: Domestic, Gas - Natural
  • Water Heaters: 4

Utilities

  • Sewer: Public
  • Water: Public
  • Separate Meters: Yes
  • # Gas Meters: 4
  • # Electric Meters: 5

Structural Information

  • Architectural Style: Apartment Building, Multi-Family
  • Construction Status: Existing
  • Construction: Wood Frame
  • Exterior Const.: Clapboard
  • Basement: Yes
  • Basement Entrance: Walk-up
  • Basement Desc.: Bulkhead, Unfinished, Exterior Access
  • Roof: Shingle
  • Stories/Levels: 2
  • Finished Total: 2,938 Sq. Ft.
  • Finished Above Grnd: 2,938 Sq. Ft.
  • Year Built: 1800

Unit Information

  • 1 Bedroom Units: 4
  • Units w/Refrigerators: 4
  • Units w/Range/Oven: 4

Unit 1

  • Square Feet: 735
  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 735
  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 735
  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Square Feet: 735
  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,485
  • Frontage: Yes Road Frontage
  • Frontage Feet: 50
  • Street/Road Desc.: Paved, Public
  • Driveway/Sidewalk: Paved
  • Zoning: RES
  • Lot Description: City Lot

Financial Considerations

  • Price Per Sq. Ft.: $372.7
  • Tax Amount: $9,149
  • Tax Year: 2022

Disclosures and Reports

  • Lot Number: 3

Listed by BHHS Verani Londonderry, Casey Purinton and Vanessa Purinton
Sold by The Boulos Company, Christian. Stallkamp

Listed by BHHS Verani Londonderry, Casey Purinton and Vanessa Purinton
Sold by The Boulos Company, Christian. Stallkamp

Listing agents

— 258 Maplewood Ave —

  • Casey Purinton

    BHHS Verani Londonderry

  • Vanessa Purinton

Phone: 603-397-8246

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 258 Maplewood Ave

School District:Portsmouth School District, Portsmouth, NH
NameGradesDistance
New Franklin School
1 Franklin Avenue, Portsmouth, NH 03801
K-50.6 mi
Portsmouth Middle School, Portsmouth, NH
155 Parrott Avenue, Portsmouth, NH 03801
7-80.6 mi
Portsmouth High School, Portsmouth, NH
50 Andrew Jarvis Drive, Portsmouth, NH 03801
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 258 Maplewood Ave

Date
Details
Price
Change
Source
1/08/2024
Sold
$1,095,000
—
MLS
11/29/2023
Listed
$1,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by BHHS Verani Londonderry, Casey Purinton and Vanessa Purinton
Sold by The Boulos Company, Christian. Stallkamp

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258 Maplewood Avenue, Portsmouth, NH 03801 (MLS# 4978844) is a Multi-Family property that was sold at $1,095,000 on January 08, 2024. Want to learn more about 258 Maplewood Avenue? Do you have questions about finding other Multi-Family real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.