Mixed-Use Building with
66 Washington Street Rochester, NH 03867
For Sale
$609,000
MULTI_FAMILY - Other - Rochester, NH
Property Size4,293 SF
Lot Size0.24 Acres
Price / SF$141.86
Days on Market48
Property Features for 66 Washington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Neigh Mix
- Rooms
- Basement
- Parking features
- Off Street
- Patio and Porch features
- Porch, Deck
- Exterior features
- Deck, Porch
- Standard status
- Active
- Size
- 4,293 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6948
Utilities
- Utilities
- Cable Available
- Heating system
- Ductless (Heating), Oil, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Combination, Vinyl, Hardwood, Carpet
- Building materials
- Vinyl Exterior
- Roof type
- Fiberglass
- Architectural style
- Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
(603) 969-6632
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: Jun 10
Changed: Jul 7
Last Checked: Jul 27 at 9:06AM
MLS# 5093833
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 mixed-use building includes a first-floor restaurant/pizza/bar and pool room that is currently leased with a five-year term in place. The first floor also contains an additional smaller office/residential space, providing flexibility for extra rental income or office use. The second floor features an oversized two-bedroom apartment with hardwood flooring, a spacious three-season room, and access to an inviting rooftop deck, plus an additional one-bedroom apartment that is currently rented.
The property sits on a 0.24-acre parcel and offers a large on-site parking lot. Public remarks note that major systems have been updated over time, with some cosmetic updating that could further enhance value and income.
Overall, the configuration blends existing restaurant income with residential apartments, supporting a versatile live/work or investment-oriented use case where permitted.
The property sits on a 0.24-acre parcel and offers a large on-site parking lot. Public remarks note that major systems have been updated over time, with some cosmetic updating that could further enhance value and income.
Overall, the configuration blends existing restaurant income with residential apartments, supporting a versatile live/work or investment-oriented use case where permitted.
Key Highlights
- 0.24‑acre mixed‑use property near historic downtown Rochester
- First‑floor restaurant/pizza/bar and pool room leased with a 5‑year term
- Second floor includes an oversized 2‑bedroom apartment with hardwood floors plus a spacious three‑season room
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 | $64.4k | $15.00 |
| − Vacancy | −$2.1k | −$0.50 |
| EGI | $62.3k | $14.50 |
| − OpEx | −$18.7k | −$4.35 |
| NOI | $43.6k | $10.15 |
4,293 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$955.8K
$836.3K – $1.12M
NOI $66,904 @ 7.0% cap · market cap 10.99%
Second Best
Multifamily LT 5
$622.6K
$544.8K – $726.3K
NOI $43,580 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,396 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Goodfellas Brick Oven ...
Restaurant
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with a leased first-floor restaurant plus two apartments and a rooftop deck.
Where is this mixed-use property located?
The property is located at 66 Washington Street Rochester, NH.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: 0.24‑acre mixed‑use property near historic downtown Rochester; First‑floor restaurant/pizza/bar and pool room leased with a 5‑year term; Second floor includes an oversized 2‑bedroom apartment with hardwood floors plus a spacious three‑season room
