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Three-Unit Residential Income Property
For Sale
$250,000

14-16 Grove Street, Keene, NH 03431

Three-unit building with attached two-car carport and multiple parking spots, with updates including insulation and new windows.

Property Size2,514 SF
Price / SF$99.44
Days on Market81

Property Features for 14-16 Grove Street

General Information

Standard status Active
Size 2,514 SF
Property subtype Multi-family

Additional Details

Multifamily Units 3

Building Details

Year Built 1910
Listing Agency: BHG Masiello Keene
Listed By: Timothy Keating
Source: Bigislandre
Added: May 12 Changed: Jul 26 Last Checked: Jul 29 at 5:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHG Masiello Keene

Investment Insights

Based on property information with market context.

This three-unit residential income property includes front one-bedroom apartments and a back unit. The front apartments are currently rented on a month-to-month basis. The back unit will require a new bathroom due to a recent fire, while the remainder of the unit is described as being in good condition.

The building has an attached two-car carport and additional parking. The property has been well maintained by the current owner for more than 40 years, and the insulation and new windows were installed a few years ago by Southwestern Community Services.

The layout supports both rental and owner-occupant use, with two front units under current rental occupancy and the back unit having renovation needs following the fire.

Key Highlights

  • 3‑unit building (year built 1910) with attached 2‑car carport and additional parking
  • Front 1‑bedroom apartments are currently rented on a month‑to‑month basis
  • Back unit requires a new bathroom due to a recent fire; the remainder of the apartment is in good condition

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Garden Center Locksmith Catering Service Tanning Salon (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,631
Businesses Nearby

Demographics for 03431, NH

24,978
Population
11,168
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
60.0 sq mi
ZIP Area
416
Density / Sq Mi
$78,196
Median Household Income
$40,456
Median Earnings
$1,279
Median Rent
$233,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit building with attached two-car carport and multiple parking spots, with updates including insulation and new windows.
Where is this triplex located?
The property is located at 14-16 Grove Street Keene, NH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3‑unit building (year built 1910) with attached 2‑car carport and additional parking; Front 1‑bedroom apartments are currently rented on a month‑to‑month basis; Back unit requires a new bathroom due to a recent fire; the remainder of the apartment is in good condition
More about this property
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