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$887,000
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Property Description
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.
Full Property Details
Full Property Details for 425 Islington St
General
- Sold For: $887,000
- Taxes: $5,831 (2022)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 4960831
- Added to Site: 999 day(s) ago
Rental Information
- Lease Terms: Unit1=Month to Month, Unit2=Other, Unit3=Other, Unit4=Other,
Rooms
Bathrooms
- Total Bathrooms: 1
- 3/4 Bathrooms: 1
Parking
- Parking: On Street, Parking Spaces 2
Location
- County: Rockingham
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air
- Heating Fuel: Gas - Natural
- Furnaces: 1
- Water Heater: Gas - Natural
- Water Heaters: 4
Utilities
- Sewer: Public
- Water: Public
- Separate Meters: Yes
- # Gas Meters: 1
- # Electric Meters: 4
Structural Information
- Architectural Style: Apartment Building
- Construction Status: Existing
- Construction: Wood Frame
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Apartments, Full, Unfinished
- Roof: Shingle - Asphalt, Shingle - Fiberglass, Shingle - Other
- Stories/Levels: 2
- Finished Total: 2,058 Sq. Ft.
- Finished Above Grnd: 2,058 Sq. Ft.
- Year Built: 1840
Unit Information
- 1 Bedroom Units: 4
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
Unit 1
- Unit Description: Studio
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: One Bedroom
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Studio
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Unit Description: Studio
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Frontage: Yes Road Frontage
- Frontage Feet: 40
- Street/Road Desc.: Paved, Public
- Driveway/Sidewalk: Paved
- Zoning: CD4-L2
- Lot Description: City Lot, Curbing, Level
Financial Considerations
- Price Per Sq. Ft.: $427.11
- Tax Amount: $5,831
- Tax Year: 2022
Disclosures and Reports
- Block: 32
Listed by Samonas Realty, LLC, Andrew Samonas
Sold by KW Coastal and Lakes & Mountains Realty/Portsmouth, Andrew. Welch
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Schools
Schools serving 425 Islington St
School District:Portsmouth School District, Portsmouth, NH
| Name | Grades | Distance |
|---|---|---|
Little Harbour School 50 Clough Drive, Portsmouth, NH 03801 | K-5 | 0.9 mi |
Portsmouth Middle School, Portsmouth, NH 155 Parrott Avenue, Portsmouth, NH 03801 | 7-8 | 0.4 mi |
Portsmouth High School, Portsmouth, NH 50 Andrew Jarvis Drive, Portsmouth, NH 03801 | 9-12 | 0.9 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 425 Islington St
Date
Details
Price
Change
Source
8/17/2023
Sold
$887,000
0.91%
MLS
7/11/2023
Listed
$879,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
425 Islington Street, Portsmouth, NH 03801 (MLS# 4960831) is a Multi-Family property that was sold at $887,000 on August 17, 2023. Want to learn more about 425 Islington Street? 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.

