Restored Greek Revival Multi-Family
18 Souhegan Street, Milford, NH 03055
Multi-Family - Milford, NH
Property size:
4,548 SFLot size:
0.41 AcresPrice / SF:
$241/SF- Added:
- Dec 20, 2025
- Days on Market:
- 153
- Last Refresh:
- May 22 at 12:06 am
Property Features for 18 Souhegan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Paved or Surfaced
- Basement Y/N
- 1
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 4,548 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10130
Utilities
- Heating system
- Propane (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1825
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Carpet, Hardwood, Laminate, Tile
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Susanna Corriveau (603) 471-0777
Listing office Coldwell Banker Realty Bedford NH 166 Rte 101, Bedford, NH (603) 471-0777
Listing date Dec 20, 2025
MLS# 5072451
Listing URL
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully restored c.1825 Greek Revival property with a 1,230 sq. ft. accessory dwelling unit (ADU), ideal for investors or owner‑occupants seeking rental income.
- Prime location steps from downtown Milford and the Suspension Bridge, offering convenience and rental appeal.
- Completely rebuilt from the studs with major improvements including new windows, updated heating/cooling, foam insulation, cedar siding, and white oak flooring, minimizing maintenance.
- Main residence features 5 bedrooms and the ADU has 2 bedrooms plus an office, providing flexible rental configurations or multi‑generational living options.
- High‑quality finishes in the main home, including a chef’s kitchen with quartz countertops and maple cabinetry, and updated bathrooms with porcelain tile and Schluter Kerdi waterproofing.
- Large 840 sq ft barn offering clear‑span storage, along with exterior features like granite walls, brick walkways, and a covered porch.
Overview
This fully restored c.1825 Greek Revival property, totaling 4,548 square feet, is located steps from downtown Milford and the Suspension Bridge. The property includes a 1,230 square foot Accessory Dwelling Unit. The main residence offers 5 bedrooms, while the ADU features 2 bedrooms plus an office. The property is suited for investors or owner-occupants. The home has been rebuilt from the studs, with new windows, updated heating and cooling systems, foam insulation, cedar siding, and white oak flooring. The main home features a chef’s kitchen with quartz countertops and maple cabinetry, updated bathrooms with porcelain tile, quartz surfaces, and Schluter Kerdi waterproofing. Period details include original cast-iron grilles, antique doors, and decorative masonry. Exterior features include granite walls, hand-laid brick walkways, a covered porch with Brazilian walnut and Douglas fir, and a large barn offering 840 square feet of clear-span storage. The property sits on a lot of 0.41 acres in Hillsborough County.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$742.1K
NOI $66,789 @ 9.00% cap · cautious / downside scenario
Moderate
$954.1K
NOI $66,789 @ 7.00% cap · market / base-case scenario
Aggressive
$1.34M
NOI $66,789 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.0k | $22.20 |
| − Vacancy | −$5.6k | −$1.22 |
| EGI | $95.4k | $20.98 |
| − OpEx | −$28.6k | −$6.29 |
| NOI | $66.8k | $14.69 |
4,548 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$954.1K
$834.9K – $1.11M
NOI $66,789 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$884.0K
$773.5K – $1.03M
NOI $61,880 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$8.33M
$7.29M – $9.72M
NOI $583,281 @ 7.0% cap · market cap 53.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.644514
- Latitude
- 42.836565
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Restored multi-family property near downtown Milford with accessory dwelling unit.
Where is this duplex located?
The property is located at 18 Souhegan Street Milford, NH.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Fully restored c.1825 Greek Revival property with a 1,230 sq. ft. accessory dwelling unit (ADU), ideal for investors or owner‑occupants seeking rental income.; Prime location steps from downtown Milford and the Suspension Bridge, offering convenience and rental appeal.; Completely rebuilt from the studs with major improvements including new windows, updated heating/cooling, foam insulation, cedar siding, and white oak flooring, minimizing maintenance.
