9-11 Worster Street, Farmington, NH 03835

Listing by: Nick Gray, Gray Property Group, LLC, 603-637-4812

0 Beds

n/a Full bath

7,223 SqFt

Active

Well-maintained 11-unit multifamily property consisting of a 9-unit apartment building adjacent to a 2-unit duplex, totaling seven 2-bedroom apartments and four 1-bedroom apartments. This property has been significantly improved by the current owner and most units include vinyl plank flooring, fresh paint, and stainless steel appliances. Income is terrific with an average rent of $1,757/unit/month and ~$237K/year in total gross revenue, and further upside income potential exists for a new owner willing to renovate. The Landlord pays for heat, hot water, and cold water / sewer, and the tenants pay for electricity. The property’s ~$162K/year in NOI makes this listing a 8.6% cap at the asking price. The buildings’ shared parking lot accommodates 12-14 vehicles and additional street parking is available in the immediate vicinity. The property is only a couple minute walk to Farmington's downtown and is a commutable distance to Portsmouth (25 miles), Concord (33 miles), and Manchester (43 miles). Owner is a real estate licensee.

Property Details
Price $1,875,000
Property Style Multi-Family
Lot Size Area 11326
Acres 0.26
Property Type MultiFamily
Stories 3
Year Built 1900
Roof Metal
Heating Oil,House Unit
Foundation Brick,Fieldstone
Lot Description City Lot
Geographic Data
County NH-Strafford
Latitude 43.391296000001
Longitude -71.063916
Market Area NH-Strafford
Address Information
Address 9-11 Worster Street, Farmington, NH 03835
Postal Code 03835
City Farmington
State NH
Country United States
Listing Information
Listing Office Gray Property Group, LLC
Listing Office Phone 603-637-4812
Listing Office Email ngray@graypropertygroup.com
Listing Agent Nick Gray
Listing Agent Phone 603-637-4812
MLS® Information
Days on market 87
MLS® Status Active
Listing Date Nov 25, 2024
Listing Last Modified Feb 14, 2025
MLS® Area NH-Strafford
MLS® # 5023203

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This information is believed to be accurate, but without any warranty.