58 Pickering Rd, Unit A-C Rochester, NH 03839-6606
Property profile & analytics
58 Pickering Rd, Unit A-C Rochester, NH 03839-6606
- Investment properties
- 2,370 SF
- 0.11 lot acres
Property ID
US58-0654840
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 58 Pickering Rd
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.11 lot acres
- Property size
- 2,370 SF
- Zone code
- NMU
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- RCHE M:0138 B:0028 L:0000
- APU
- RCHEM0138B0028L0000
Description
This exceptional mixed-use property, located at 58 Pickering Rd in Rochester, NH, presents a compelling value-add investment opportunity. The 2,370 square foot building, constructed in 1900, is a two-story, one-building triplex apartment building situated on a lot with river frontage. Currently boasting 100% occupancy with four tenants, the property generates a pro-forma NOI of $53,985, resulting in a pro-forma cap rate of 13.50%. Each of the three units features desirable amenities including hardwood floors, tin ceilings, exposed wood beams, and crown molding. Tenants enjoy the convenience of Cocheco River access directly from their large backyard, offering stunning 180-degree views. The property benefits from low expenses due to separately metered utilities and includes parking in an adjacent lot. The asking price is $399,900, translating to $133,300 per unit and $168.73 per square foot. Zoned for mixed use, this property is ideally located in the sought-after Gonic neighborhood, within the Gonic school district, close to local amenities, and just 1.5 miles from downtown Rochester, 3 miles from Route 16, and 20 miles from Portsmouth. While current rents are below market, this presents a significant opportunity for increased cash flow. The building is well-maintained, featuring a newer roof and attractive exterior siding. This is a rare chance to acquire a riverfront property with strong potential for appreciation and increased profitability. The lease type is modified, and tenant credit history is not available.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9787
- Latitude
- 43.2747
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,459
$49,500
$162,600
$212,100
-
$0.00
$0.00
$0.00
