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$690,000
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Property Description
Investment Opportunity Awaits, 5.86% Current Cap Rate and current rents below market see Cap Sheet in disclosures! Welcome to 103 Wakefield St, a prime multi-family property located in the heart of Rochester, NH. This well-maintained investment features 4 units, offering a total of 7 bedrooms and 4 bathrooms. Property has a new (2024) roof, landscaping, vinyl siding, 4 water heaters, mini split, cabinets and handrails. Each unit showcases appliances and has also been certified as fully lead abated, ensuring tenant satisfaction and ease of living. Situated on a 0.34 acre lot, this property includes ample off street parking behind the building providing tenants with convenience and comfort. Benefit from the strategic location next to Spaulding High School and just down the road from the Lilac Mall and Hannaford, offering tenants easy access for kids to get to school and parents to have plenty of places to shop and work. Whether you're expanding your portfolio or starting your investment journey, 103 Wakefield St presents a lucrative opportunity in Rochester's rental market. Schedule your showing today and capitalize on this exceptional investment potential! We are doing an open house Saturday 7/27/24 1PM-3PM
Full Property Details
Full Property Details for 103 Wakefield St
General
- Sold For: $690,000
- Taxes: $7,846 (2023)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5004102
- Added to Site: 605 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual, Unit4=Annual,
Rooms
Bathrooms
- Total Bathrooms: 3
- 3/4 Bathrooms: 3
Parking
- Parking: Parking Spaces 5 - 10
Location
- County: Strafford
- Driving Directions: From South: Follow NH-16 N/Spaulding Turnpike to Old Dover Rd in Rochester. Take exit 11 from NH-16 N/Spaulding Turnpike. Turn left onto Old Dover Rd. Turn right onto Columbus Ave. Use any lane to turn right onto Wakefield St. Property is on the right.
Heating & Cooling
- Cooling Type: Wall AC Units
- Heating Type: Hot Air, Wall Units
- Heating Fuel: Gas - Natural, Oil
Utilities
- Sewer: Public
- Trash: Curbside
- Separate Meters: Yes
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Bulkhead, Full
- Roof: Shingle - Asphalt
- Stories/Levels: 2
- Finished Total: 3,114 Sq. Ft.
- Finished Above Grnd: 3,114 Sq. Ft.
- Year Built: 1921
Unit Information
- 1 Bedroom Units: 2
- 3 Bedroom Units: 2
- Units w/Refrigerators: 4
Unit 1
- Level: 1&2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Level: 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Level: 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 14,810
- Frontage: Yes Road Frontage
- Frontage Feet: 60
- Street/Road Desc.: Public
- Driveway/Sidewalk: Paved
- Zoning: R2
Financial Considerations
- Price Per Sq. Ft.: $224.47
- Tax Amount: $7,846
- Tax Year: 2023
Disclosures and Reports
- Block: 194
Listed by EXP Realty, Stephen Kelley
Sold by Stone Keane Realty, Evan. Cochran
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Schools
Schools serving 103 Wakefield St
School District:Rochester School District, Rochester, NH
| Name | Grades | Distance |
|---|---|---|
Chamberlain Street School 65 Chamberlain Street, Rochester, NH 03867 | K-5 | 1 mi |
Rochester Middle School 47 Brock Street, Rochester, NH 03867 | 6-8 | 1.3 mi |
Spaulding High School 130 Wakefield Street, Rochester, NH 03867 | 9-12 | 0.3 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 103 Wakefield St
Date
Details
Price
Change
Source
8/28/2024
Sold
$690,000
-1.29%
MLS
7/26/2024
Price Reduced
$699,000
-2.92%
MLS
7/09/2024
Listed
$720,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
103 Wakefield Street, Rochester, NH 03867 (MLS# 5004102) is a Multi-Family property that was sold at $690,000 on August 28, 2024. Want to learn more about 103 Wakefield Street? Do you have questions about finding other Multi-Family real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.

