Listed By:
Andy Yau with RE/MAX Shoreline;
287-289 Milton Road, Rochester, NH
$ 549,999
Property Attributes
  • MLS#4955318
  • TypeMulti-Family
  • CityRochester
  • AreaStrafford
  • Zip03867
  • StyleCape,Multi-Family
  • Price$ 549,999
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3015
  • Lot Size1.4 Acres
Data Source:
Property Description

Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.

Elementary School Middle School High School
East Rochester School Elementary School Rochester Middle School Spaulding High School
Price History
6/1/2023 Listed $550,000
6/15/2023 1% - $549,999

General Features

Road Frontage Yes
Sewer Private
Construction Wood Frame
Heating Hot Air
Cooling Other
Utilities Cable - Available,Phone
Roof Shingle - Asphalt
Water Drilled Well
Water Heater Electric
Garage No
Flood Zone No
Zoning HC
Unit 1 Level Number 1 & 2
Status Active
Year Built 1970
Electric Circuit Breaker(s)
Style Cape,Multi-Family
Stories 1.5
Construction Status Existing
Block 0014
Area NH-Strafford
High School Spaulding High School
School District Rochester
Seasonal No
Elementary School East Rochester School
Middle School Rochester Middle School
Price Per Sq Ft 182.42

Interior Features

Basement Description Full,Unfinished,Walkout
Basement Yes
Unit 2 Rooms 5
Unit 1 Rooms 7
Heating Fuel Oil
Total Number of Units 2
Unit 1 Bedrooms 4
Unit 1 Apx Sqft 1300
Total 3+ BR Units 2
SqFt-Apx Fin Above Grade 3015
SqFt-Apx Total Finished 3015
SqFt-Apx Total 3015
Basement Access Type Walkout

Exterior Features

Lot Description Open
Exterior Vinyl
Foundation Block
Driveway Paved
Roads Paved,Public
Lot Size Area 1.4
Unit 1 Style Single Family Home Cape
Unit 2 Style Commercial Building
Lot 0000
Road Frontage Length 620


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 03867

Statistics provided by Inside Real Estate

AVG $520K
AVG 99
Data Provided by Inside Real Estate®
Year Built
AVG 1915

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