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$675,000
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Property Description
**Continuing to Show - Actively Seeking Backup Offers** EXCELLENT CASH FLOW!! This 3-unit multifamily generates over $75,000 ANNUAL GROSS INCOME with an 8.5% CAP RATE. Fully leased, this will be an easy transfer and a quick close is possible. Perfect opportunity for a first time investor or a 1031 Exchange. Sited on an open, level, corner lot this property offers over 4000 square feet of finished living space featuring updated kitchens, hardwood floors and vinyl siding, in addition to an extensive list of more recent improvements. Detached garage and ample off-street parking in addition to several designated public parking spaces on Waldron Ave. Excellent proximity to downtown, highways, hospitals, shopping & schools.
Full Property Details
Full Property Details for 39 Chestnut St
General
- Sold For: $675,000
- Taxes: $6,893 (2024)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5039089
- Added to Site: 259 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual,
Interior
- Flooring: Carpet, Hardwood, Tile, Vinyl
Exterior
- Exterior Features: Balcony, Porch - Enclosed, Shed
- Color: White
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking: Driveway, Off Street, On Street, Parking Spaces 1 - 10, Paved
Location
- County: Strafford
- Driving Directions: Route 16 to Exit 13 Turn right onto Washington, right onto Fairway, left onto Pine to stop sign then turn right onto Waldron St. Property is on the corner of Waldron & Chestnut.
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Baseboard, Electric, Gas Heater, Hot Water
- Water Heaters: 3
Utilities
- Sewer: Public
- # Gas Meters: 2
- # Electric Meters: 3
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Bulkhead, Partially Finished, Stairs - Interior, Interior Access
- Roof: Shingle - Architectural
- Stories/Levels: 2.5
- Finished Total: 4,001 Sq. Ft.
- Finished Above Grnd: 3,563 Sq. Ft.
- Finished Below Grnd: 438 Sq. Ft.
- Year Built: 1901
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 2
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
Unit 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,632
- Frontage: Yes Road Frontage
- Frontage Feet: 129
- Driveway/Sidewalk: Paved
- Zoning: R2
Financial Considerations
- Price Per Sq. Ft.: $179.93
- Tax Amount: $6,893
- Tax Year: 2024
Disclosures and Reports
- Block: 97
Listed by The Gove Group Real Estate, LLC, Michelle Sullivan
Sold by Beach Homes Realty, Heather. Williams
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Schools
Schools serving 39 Chestnut St
School District:Rochester School District, Rochester, NH
| Name | Grades | Distance |
|---|---|---|
William Allen School 23 Granite Street, Rochester, NH 03867 | K-5 | 0.3 mi |
Rochester Middle School 47 Brock Street, Rochester, NH 03867 | 6-8 | 0.7 mi |
Spaulding High School 130 Wakefield Street, Rochester, NH 03867 | 9-12 | 0.8 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 39 Chestnut St
Date
Details
Price
Change
Source
7/18/2025
Sold
$675,000
-6.24%
MLS
5/02/2025
Listed
$719,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
39 Chestnut Street, Rochester, NH 03867 (MLS# 5039089) is a Multi-Family property that was sold at $675,000 on July 18, 2025. Want to learn more about 39 Chestnut 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.

