Price Reduced 4.20%

$2,395,000 ($461.11 per sqft)

Est. Mortgage $11,334/mo *

Quick Pre-Approval

Listing courtesy of Emil Uliano, Great Island Realty LLC Phone: 603-433-3350


Price History

$2,500,000
7/8/2024

$2,395,000
8/12/2024


366 Broad Street, Portsmouth, NH, 03801

366 Broad Street, Portsmouth, NH, 03801

11 beds

7 Full baths

1900

Bungalow, Carriage, Multi-Family, New Englander

5,194 sqft

Welcome to 366 Broad St, a rare multi-family offering in the heart of Little Harbor. This magnificent property, being presented to the market for the first time since 1964, embodies charm, versatility & exceptional investment potential. Situated on an impressive .85-acre lot, this 7 unit property is comprised of a turn-of-the-century main home with an attached carriage house, a detached single-family residence & a 4-car garage/outbuilding. Totaling 5,194 sq ft of finished living space, the main building has three 2-bedroom, 1-bath units & three 1-bedroom, 1-bath units. The detached home is a 2-bedroom, 1-bath residence, perfect for additional rental income or private use. The owners have chosen to keep tenants in place with rents below market rates to foster long-term tenant relationships, resulting in low turnover. Currently, with several units vacant due to the property coming to market, there is a prime opportunity for new ownership to enhance units & potentially raise rents to market rates. Beyond its current use as a multi-unit rental property, the expansive lot size invites consideration for alternative development possibilities. Located just moments from Downtown Portsmouth, this property offers unparalleled convenience to the city’s vibrant shops, restaurants & cultural amenities. This is a rare opportunity to acquire a 7-unit property of this caliber with substantial lot size & proximity to downtown—a true gem in Portsmouth’s real estate market.


Status:

Active

Type:

Multi-family

Units:

7

Zoning:

GRA

Garage:

4-car Garage

Heating:

Hot Water

Cooling:

None

Basement:

Bulkhead, Unfinished, Interior Access

Parking:

Driveway, On-Site, Paved

Acreage:

0.84

Est. Taxes:

$15,535

Assessment

$963,100

Lot Description:

Open

Amenities:

Coin Laundry

Elementary School:

Little Harbor School

Middle School:

Portsmouth Middle School

High School:

Portsmouth High School

School District:

Portsmouth

MLS #:

5003887


Community Info

School Info

Walk Score

Mass Transit

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