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223 High Street, Somersworth, NH, 03878

6beds
4baths
3,915sqft
$750,000
$192price/sqft
$5,642/moest. monthly cost
$225,680/yrincome needed

About This Home

Location, history, and exceptional return on investment. Welcome to 223 High Street in Somersworth, a standout 4-unit property in the heart of the city. This well-maintained historic multi-family seamlessly blends classic character with modern updates, offering both charm and peace of mind. The property is in excellent condition, featuring updated systems, separate utilities, and off street parking—helping to minimize expenses and ensure a smooth, low-maintenance transition for the next owner. The building offers a well-balanced unit mix, with two first-floor units (one 2-bedroom and one 1-bedroom) and two second-floor units (one 2-bedroom and one 1-bedroom studio). All units have been updated, provide ample natural light, and are fully leased, making this a true turn-key investment. With strong income already in place and a 6.98% cap rate, this property is ideal for investors seeking a stable, cash-flowing asset. Ideally located just minutes from downtown, shopping, and major commuter routes, 223 High Street offers the accessibility tenants value and the performance investors seek. A rare opportunity to acquire a fully occupied, income-producing property with proven returns and long-term growth potential.

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

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4/10
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Somersworth High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1870

Materials

  • Foundation: Brick,Stone
  • Roof: Asphalt Shingle
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Walk-Up Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 3,915

Heating & Cooling

  • Heating features: Natural Gas,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 4,524
  • Total interior livable area: 3,915 sqft

Property

Details

  • Parcel number: SMSWM14B46L0
  • Zoning description: R2

Features

  • Levels: Two,Multi-Level

Lot

  • Lot size: 0.36 Acres
  • Features: Landscaped,Level,Open Lot

Parking

  • Parking features: Paved