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Listed by Matthew Lefebvre • Downtown Realty
$1,825,000
Est. payment /mo
13,113 SqFt
New
24-32 Summer ST Concord, NH 03303
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,113 sqft
Price per Sqft $139
MLS Listing ID 5110851
Construction Status Existing
Year Built 1860
Annual Tax Amount $29,572
Tax Year 2025
Lot Size 0.520 Acres
Acres 0.52
Property Description
This portfolio presents an opportunity to acquire two adjacent multifamily properties in the village of Penacook offering scale, flexibility, and immediate upside in a tight Concord-area rental market. 24-26 Summer Street is comprised of five units with a mix of 2BRs and 3BRs, each with separately metered utilities, off-street parking, in-unit laundry, and several long-term tenants. 30-32 Summer Street is comprised of six units, also with a mix of 2BRs and 3BRs, and each with separately metered utilities and a huge lot for off-street parking. Both buildings have large units as well as additional unfinished space within each building providing a new owner with an opportunity to generate additional income by building storage lockers, a laundry room, or even additional apartments subject to city approvals. Buildings have a mix of long-term, below-market rentals as well as recently leased, near-market units giving a blend for a new owner to collect stable income while making modest improvements during natural unit turnover. This portfolio presents an opportunity for an investor to acquire two buildings in the City of Concord but benefit from the more rural surroundings and supply constrained market of Penacook Village.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning RN
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Other
Waterfront Description No
View Y/N No
View No
Roof Type Asphalt Shingle
Building
Story 2.5
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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