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$1,895,000 Just Listed
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Property Description
A rare downtown Rochester assemblage totaling 2.11± acres across two contiguous parcels (7 Wallace Street and 9, 10, 12 Hoyt Court). The portfolio includes 5 structures with approximately 10,763 SF of mixed residential, office, and industrial space, generating approximately $132,000 in gross annual income. The combined 2024 assessed value is $1,209,400. Located in the Downtown/Commercial zone with access to municipal water and sewer. Adjacent to City-owned land at 10 Wallace Street (~0.71 ac), creating potential assemblage of ~2.82± acres. Well-suited for continued income-producing use or redevelopment as senior housing, workforce multifamily, or mixed-use. Identified interest from private developers and the City of Rochester.
Full Property Details
Full Property Details for 7 Wallace St
General
- Price: $1,895,000
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1677527
- Updated: 8/24/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Industrial, Retail, Development, Other
Parking
- Parking Features: Other Parking
Location
- County: Strafford
Structural Information
- Square Feet: 10,763
Lot Features
- Lot Size (Acres): 2.11
- Lot Size (Sq. Ft.): 91,911.6
- Zoning: Commercial (DT)
Disclosures and Reports
- Lot Number: 303
Listed by The Norwood Group, Inc. (603) 668-7000
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Schools
Schools serving 7 Wallace St
School District:Rochester School District, Rochester, NH
| Name | Grades | Distance |
|---|---|---|
Chamberlain Street School 65 Chamberlain Street, Rochester, NH 03867 | K-5 | 0.7 mi |
Rochester Middle School 47 Brock Street, Rochester, NH 03867 | 6-8 | 1.2 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 7 Wallace St
Date
Details
Price
Change
Source
8/24/2026
Listed
$1,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7 Wallace St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,834
3%
$512,000
—
2024
$7,603
109%
$512,000
263%
2023
$3,634
2%
$141,200
—
2022
$3,564
3%
$141,000
—
2021
$3,476
2%
$141,000
2%
2020
$3,401
-1%
$138,200
—
2019
$3,441
-26%
$138,200
-18%
2018
$4,640
5%
$168,600
—
2017
$4,439
-7%
$168,600
—
2016
$4,765
—
$168,600
—
2015
$4,746
2%
$168,600
—
2014
$4,631
-13%
$168,600
-16%
2013
$5,306
—
$201,300
—
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 7 Wallace St
7 Wallace Street, Rochester, NH 03867 (MLS# 1677527) is a Commercial property. 7 Wallace Street is currently listed for $1,895,000 and was received on August 24, 2026. Want to learn more about 7 Wallace Street? Do you have questions about finding other Commercial real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.

