Four-Unit Apartment Building with
305 Richmond Road Winchester, NH 03470
For Sale
Under Contract
$475,000
MULTI_FAMILY - Other - Winchester, NH
Property Size2,790 SF
Lot Size1.00 Acre
Price / SF$170.25
Days on Market51
Property Features for 305 Richmond Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
5
Bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Basement, Bedroom 1
Standard status
Active Under Contract
Size
2,790 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10730
Utilities
Heating system
Kerosene, Propane (Heating), Oil
Water source
Public
Building Details
Year built
1983
Floors in Building
3
Number of units
4
Building materials
Wood Frame, Wood Siding
Roof type
Shingle, Membrane
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Nashua
(603) 673-4000
Listed By:
Jack Garber
(603) 848-9559
Added: Jun 8
Changed: Jul 12
Last Checked: Jul 28 at 2:06AM
MLS# 5093431
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Investment Insights
Based on property information with market context.
305 Richmond Road is a four-unit apartment building in Winchester that includes two separate workshop/garage spaces designed to generate additional income. The property is currently 100% occupied with long-term tenants. Tenants pay their own heat, hot water, and electricity, helping keep operating expenses tied to the household.
Recent major improvements include a brand new roof, newly replaced rear stairs and decking, and a fully replaced leach field with septic connections to two 1,000-gallon tanks that were serviced and replaced where needed. The building also benefits from updates intended to reduce near-term maintenance. The property is located near the Massachusetts border, providing convenient access for commuters and tenants from both states. It is zoned RES.
From an ownership perspective, the current occupancy level is strong and the leases are expiring, with the listing noting rents are below market rate. For an investor, the combination of occupied units, added workshop/garage space, and documented capital work supports a low-maintenance, turnkey approach. For an owner-occupant, the property offers a multi-unit setup with tenant-paid utilities while providing a clear path to adjust rents at lease renewal based on the stated lease timing.
Recent major improvements include a brand new roof, newly replaced rear stairs and decking, and a fully replaced leach field with septic connections to two 1,000-gallon tanks that were serviced and replaced where needed. The building also benefits from updates intended to reduce near-term maintenance. The property is located near the Massachusetts border, providing convenient access for commuters and tenants from both states. It is zoned RES.
From an ownership perspective, the current occupancy level is strong and the leases are expiring, with the listing noting rents are below market rate. For an investor, the combination of occupied units, added workshop/garage space, and documented capital work supports a low-maintenance, turnkey approach. For an owner-occupant, the property offers a multi-unit setup with tenant-paid utilities while providing a clear path to adjust rents at lease renewal based on the stated lease timing.
Key Highlights
- Fully occupied 4‑unit apartment building with all units currently leased
- Recent major upgrades: brand new roof plus newly replaced rear stairs and decking
- Wastewater improvements include fully replaced leach field and septic connections to two 1,000‑gallon tanks
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied 4-unit building with tenant-paid utilities plus two workshop/garage spaces, supported by recent major capital improvements.
Where is this quadplex located?
The property is located at 305 Richmond Road Winchester, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully occupied 4‑unit apartment building with all units currently leased; Recent major upgrades: brand new roof plus newly replaced rear stairs and decking; Wastewater improvements include fully replaced leach field and septic connections to two 1,000‑gallon tanks
