Bought with Sam Harding with Duston Leddy Real Estate and Listed by Emil Uliano with Great Island Realty LLC 603-433-3350

Sold

366 Broad Street

Portsmouth NH, 03801

$2,050,000


$394.69 per sqft

Sold

11 Beds

7 Baths

5,194 sqft

Multi-family

Built in 1900

Welcome to 366 Broad St, a rare multi-family offering in the heart of Little Harbor. This magnificent property, being presented to the market for the first time since 1964, embodies charm, versatility & exceptional investment potential. Situated on an impressive .85-acre lot, this 7 unit property is comprised of a turn-of-the-century main home with an attached carriage house, a detached single-family residence & a 4-car garage/outbuilding. Totaling 5,194 sq ft of finished living space, the main building has three 2-bedroom, 1-bath units & three 1-bedroom, 1-bath units. The detached home is a 2-bedroom, 1-bath residence, perfect for additional rental income or private use. The owners have chosen to keep tenants in place with rents below market rates to foster long-term tenant relationships, resulting in low turnover. Currently, with several units vacant due to the property coming to market, there is a prime opportunity for new ownership to enhance units & potentially raise rents to market rates. Beyond its current use as a multi-unit rental property, the expansive lot size invites consideration for alternative development possibilities. Located just moments from Downtown Portsmouth, this property offers unparalleled convenience to the city's vibrant shops, restaurants & cultural amenities. This is a rare opportunity to acquire a 7-unit property of this caliber with substantial lot size & proximity to downtown--a true gem in Portsmouth's real estate market.

5003887

MLS ID

July 8, 2024

Listed

November 25, 2024

Updated

Map

366 Broad Street
Portsmouth NH, 03801

Interior Features

Bedrooms

11


Total Bathrooms

7


Floor Description

Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Water, Gas - Natural

Exterior/Building Features

Lot Size

0.84 Acres


Exterior Features

Fence - Partial, Porch - Covered


Lot Features

Near Shopping


Roof

Shingle


Sewer

Public

School Information

School District

Month to Month


High School

Portsmouth High School


Elementary School

Little Harbor School

Other Property Details

Area Name

NH-Rockingham


Taxes

$15,535


Tax Frequency

Annually


Days on Market

84


Association Amenities

Coin Laundry


Garage

Yes


Garage Spaces

4


Parking

Driveway, On-Site, Paved


View

No


County

Month to Month


Pool

No

Listing History

Date

Event

Price

10/18/2024

Sold

$2,050,000

10/1/2024

Pending

9/25/2024

Price change

$2,250,000

-7%

8/12/2024

Price change

$2,395,000

-5%

Bought with Sam Harding with Duston Leddy Real Estate and Listed by Emil Uliano with Great Island Realty LLC 603-433-3350

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