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    32 Mill St Rochester, NH 03867

    For Sale
    $899,000

    Multi-Family - Rochester, NH

    Property size:
    4,528 SF
    Lot size:
    1.62 Acres
    Days on Market:
    236
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 32 Mill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    6
    Parking
    2
    Parking features
    Garage, Paved or Surfaced
    Basement Y/N
    1
    Size
    4,528 SF
    Lot size
    1.62 Acres

    Utilities

    Heating system
    Natural Gas, Steam

    Building Details

    Year built
    1882
    Floors in Building
    2.5
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Other

    RE/MAX Shoreline (603) 431-1111 [email protected]

    Listing agent Andy Yau (603) 431-1111

    Listing date Apr 14, 2025

    MLS# 5036194 Listing URL

    Copyright © 2025 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Quadplex on Large Lot

    This highly sought-after waterfront quadplex is situated on a large 1.62-acre lot in East Rochester. On the market for the first time in over 45 years, the property features over 4500 square feet of living space, providing units with spacious living and dining rooms, large kitchens, and multiple bedrooms. Separate utilities contribute to low expenses and a potential cap rate over 10.33%. Residents have direct access to the Salmon River for canoeing and fishing. The largest unit includes hardwood floors, chamber ceilings, and crown molding. Other units feature updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, and an open kitchen layout with a stylish brick backsplash. Additional attic space is available for storage or expansion. Tenants also benefit from an open backyard, a 2-car garage, and ample parking. The property is located 1.5 miles from downtown Rochester and 3 miles from Route 16, and 20 miles to Portsmouth. The zoning density may allow for additional units to be built with a special exception.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Auto Parts Store Department Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9377629
    Latitude
    43.3365534

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    FAQs

    What type of property is this?
    Quadplex - Spacious waterfront quadplex on 1.62 acres with subdivision potential.
    Where is this quadplex located?
    The property is located at 32 Mill St Rochester, NH.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Waterfront quadplex on a sprawling 1.62-acre lot, offering the potential to subdivide a separate waterfront multifamily parcel.; - Large units, boasting over 4500 sq ft total, feature spacious layouts, separate utilities, and a potential cap rate exceeding 10.33%.; - Direct access to the Salmon River provides opportunities for canoeing and fishing.
    (603) 431-1111
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    32 Mill St Rochester, NH 03867
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    Rochester, NH 03867
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32 Mill St Rochester, NH 03867
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