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7 Wallace Street, Rochester, NH, 03867

8beds
4baths
10,763sqft
$1,895,000
$176price/sqft
$14,490/moest. monthly cost
$579,600/yrincome needed

About This Home

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.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

4/10
3/10
Rochester Middle SchoolGrades 6-81.2 mi
5/10
Spaulding High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Brick,Concrete
  • Roof: Asphalt Shingle
  • Construction materials: Wood Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Other,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 10,763

Heating & Cooling

  • Heating features: Oil,Electric,Forced Air,Radiant
  • Cooling features: None

Interior Area

  • Total structure area: 10,763
  • Total interior livable area: 10,763 sqft

Property

Details

  • Zoning description: DT

Features

  • Levels: Two,Multi-Level
  • Frontage length: Road frontage: 267

Lot

  • Lot size: 2.11 Acres
  • Features: Other

Parking

  • Total spaces: 1
  • Parking features: Garage,Off Street,On Site
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1