223 High Street Somersworth, NH 03878
MULTI_FAMILY - Other - Somersworth, NH
Property Features for 223 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 4, Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 1
- Standard status
- Active Under Contract
- Size
- 3,915 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11031
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Michael Whitney (603) 610-8500
Listing office KW Coastal and Lakes & Mountains Realty 750 Lafayette Rd., Portsmouth, NH (603) 610-8500
Listing date Apr 6, 2026
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.
Investment Insights
Based on property information with market context.
The property includes separate utilities to support individual tenant billing, along with off-street parking. It is located in Somersworth, positioned for convenient access to downtown, shopping, and major commuter routes.
As a turn-key option, the units are fully leased, providing an operationally straightforward setup for an owner or investor. With all units updated and a balanced mix of bedrooms and studio-style layouts, the property can appeal to tenants seeking established in-city living and to buyers looking for a stabilized, low-maintenance residential income asset in an R2 zoning environment.
Key Highlights
- 4‑unit multifamily at 223 High Street in Somersworth
- Unit mix: two 1st‑floor units (2BR and 1BR) and two 2nd‑floor units (2BR and 1BR studio)
- Fully leased with all units updated
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.7k | $15.00 |
| − Vacancy | −$1.9k | −$0.50 |
| EGI | $56.8k | $14.50 |
| − OpEx | −$17.0k | −$4.35 |
| NOI | $39.7k | $10.15 |
