Four-Unit Multifamily
223 High Street Somersworth, NH 03878
223 High Street, Somersworth, NH, 03878
$750,000
For Sale
Under Contract
$750,000
MULTI_FAMILY - Other - Somersworth, NH
Property Size3,915 SF
Lot Size0.36 Acres
Price / SF$191.57
Days on Market105
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 Agency
KW Coastal and Lakes & Mountains Realty
(603) 610-8500
750 Lafayette Rd., Portsmouth, NH
Listed by
Michael Whitney
(603) 610-8500
Added: Apr 6 Checked: Jul 19 at 11:06 am
MLS# 5082325
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.
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 223 High Street offers a unit mix designed for varied renter needs, with two first-floor units and two second-floor units. The configuration includes one 2-bedroom and one 1-bedroom on the first level, plus one 2-bedroom and one 1-bedroom studio on the second level. The building has been well maintained and features updated systems, and the units have been updated as well.
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.
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 |
3,915 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.8K
$496.8K – $662.4K
NOI $39,743 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$523.6K
$458.2K – $610.9K
NOI $36,654 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.05M
$916.5K – $1.22M
NOI $73,317 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Historic four-unit with updated interiors, separate utilities, and off-street parking in R2-zoned Somersworth.
Where is this quadplex located?
The property is located at 223 High Street Somersworth, NH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 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
