2801 - 2803 East Main Road Portsmouth

$1,095,000
4 4 6,253 sq ft

The Property

Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence. The separate buildings provide flexibility for investors as well as owner-occupants. Each unit has its own individual heating and hot water system, with tenants responsible for most utilities.

Current rents are below market, providing an opportunity to increase rental income through future rent adjustments. Ample parking is also available. The existing five-unit configuration, separate buildings, individual systems, and established rental income provide a solid foundation for an investor looking to add to a multifamily portfolio or an owner-occupant seeking rental income from the additional units.

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Listing Details

MLS Number

1423564

Lot Size:

0.30 acres

Features

  • Basement: Full, Bulkhead, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Interstate
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Fireplace: Wood Frame
  • Heating: Electric, Natural Gas, Baseboard, Forced Air
  • Heating Fuel: Electric, Natural Gas, Baseboard, Forced Air
  • Laundry
  • Paved Driveway
  • Paved
  • Year Built: 1887

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Market Trends for Single Family Homes
in Portsmouth

  • Overview
    Homes for Sale Today77-93.3% decrease in inventory
    New on Market *4081.8% increase in new listings
    Avg. Asking Price/Sq.Ft. *$528.06$83 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$741,000$292,989 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *93.98%-1.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$426.44$93 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7432 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Hogan Associates Christie's
Email:
Phone: 401-845-9500

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