Listed by NAI Norwood Group · Deana Arden · 603-668-7000
Residential Income · Rochester, NH
7 Wallace Street, Rochester, NH
$1,895,000
Est. $9,582/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 10,763
- Built
- 1900
- MLS®
- #5097914
Property Description
7 Wallace Street brings a multi-family income property to the Rochester market at $1,895,000. Inside you'll find 10,763 square feet of living space. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. Also on the sheet: a 2.11-acre lot, garage parking for 1 and 1900 construction. The full photo gallery, live pricing and every MLS detail for 7 Wallace Street follow below.
A rare downtown Rochester assemblage totaling 2.11± acres across two contiguous parcels (7 Wallace Street and 9, 10, 12 Hoyt Court). The portfolio includes 5 structures with approximately 10,763 SF of mixed residential, office, and industrial space, generating approximately $132,000 in gross annual income. The combined 2024 assessed value is $1,209,400. Located in the Downtown/Commercial zone with access to municipal water and sewer. Adjacent to City-owned land at 10 Wallace Street (~0.71 ac), creating potential assemblage of ~2.82± acres. Well-suited for continued income-producing use or redevelopment as senior housing, workforce multifamily, or mixed-use. Identified interest from private developers and the City of Rochester.
Location Highlights
7 Wallace Street is a residential income in Rochester, New Hampshire, listed at $1,895,000. That works out to about $176 per square foot, for a home built in 1900. It has been on the market for 4 months.
At this latitude, Rochester averages roughly 8.4 hours of sun a day in June and 3.6 in December.
Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.
Property Details
Essentials & finishes
- SqFt
- 10,763
- Price / SqFt
- $176.07
- Property Type
- Residential Income
- Year Built
- 1900
- County
- NH-Strafford
- Town
- Rochester, NH
- Status
- Active
- Days on Market
- 110
Primary Features
- County
- NH-Strafford
- Property Type
- Residential Income
- Year Built
- 1900
- Zoning
- DT
Interior Features
- Basement
- Yes
- Basement Access Type
- Interior
- Basement Description
- Other
- Cooling
- None
- Electric
- Other
- Heating
- Electric, Forced Air, Oil, Radiant
- SqFt-Approximate Finished Above Grade
- 10,763
- SqFt-Approximate Finished Below Grade
- 0
- SqFt Approximate Total Finished
- 10,763
- SqFt Approximate Total
- 10,763
Financial Details
- Tax - Gross Amount
- $18,504
- Tax Year
- 2024
- Taxes TBD
- No
Additional
- Construction Status
- Existing
- Construction
- Wood Frame
- Covenants
- Unknown
- Flood Zone
- Unknown
- Pre-Construction
- No
- Seasonal
- Unknown
- Total Stories
- Two
- Surveyed
- Unknown
External Features
- Driveway
- Other
- Foundation
- Brick/Mortar, Concrete
- Garage
- Yes
- Garage Capacity
- 1
- Lot Features
- Other
- Lot - Acres
- 2.11
- Lot - SqFt
- 91,912
- Parking
- Garage, Off Street, On Site
- Road Frontage Type
- Other
- Road Frontage
- Yes
- Road Frontage Length
- 267
- Roof
- Asphalt Shingle
- Sewer
- Public
- Utilities
- Other
- Water Source
- Public
MLS®: PrimeMLS #5097914; Listed by NAI Norwood Group · Deana Arden · 603-668-7000
Property History
Estimated annual taxes for this property
- 2024
- $32,215
- 2023
- $31,410
- 2022
- $30,604
Source: Owl’s Nest Real Estate estimate from the list price at New Hampshire’s average effective tax rate — not PrimeMLS or town assessor data. Verify with the town assessor.
Market Data
Live snapshot computed by Owl’s Nest Real Estate from PrimeMLS IDX active listings in this town
- Active listings in Rochester
- 108
- Average list price
- $377,417
- Price range
- $200,000 – $899,000
Mortgage Calculator
Estimate your monthly payment for this home
Estimated Monthly Payment
$12,662/ mo
- Principal & Interest
- $9,582
- Property Tax
- $2,685
- Home Insurance
- $395
Source: Owl’s Nest Real Estate estimate, not PrimeMLS data. Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Around This Property
Schools, everyday places and nearby destinations near 7 Wallace Street, Rochester, NH
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How big is 7 Wallace Street?
7 Wallace Street in Rochester, NH has 10,763 square feet of finished living space.
What is the asking price of 7 Wallace Street?
7 Wallace Street in Rochester, NH is listed for $1,895,000 on PrimeMLS.
That is about $176 per square foot of finished living space.
It came on the market on July 2, 2026.
Where is 7 Wallace Street located?
7 Wallace Street is in Rochester, New Hampshire 03839, in Strafford County.
How much land comes with 7 Wallace Street?
7 Wallace Street in Rochester, NH sits on 2.11 acres, per the MLS.
It has 267 feet of road frontage.
Zoning: DT.
How much are the property taxes on 7 Wallace Street?
Annual property taxes on 7 Wallace Street in Rochester, NH are $18,504 for the 2024 tax year, per the MLS.
New Hampshire towns set their own tax rates and revalue periodically, so confirm the current bill with the Rochester assessing office.
How is 7 Wallace Street heated?
7 Wallace Street in Rochester, NH is heated by electric, forced air, oil and radiant, per the MLS.
The MLS lists no cooling system.
Does 7 Wallace Street have town water and sewer?
7 Wallace Street in Rochester, NH has public water and public sewer, per the MLS.
MLS details — water: public; sewer: public.
Is there a basement at 7 Wallace Street?
Yes. 7 Wallace Street in Rochester, NH has a basement with interior access.
Does 7 Wallace Street have a garage?
7 Wallace Street in Rochester, NH has a 1-car garage.
Parking details: garage, off street and on site.
Is 7 Wallace Street still available?
Yes. 7 Wallace Street in Rochester, NH is listed as Active on PrimeMLS (MLS #5097914).
Status can change quickly; contact us to confirm availability before you visit.
Who is the listing agent for 7 Wallace Street?
7 Wallace Street in Rochester, NH is listed by Deana Arden of NAI Norwood Group (603-668-7000).
Owl's Nest Real Estate shows it through the PrimeMLS IDX feed; we are not the listing brokerage.
What kind of property is 7 Wallace Street?
7 Wallace Street in Rochester, NH is a multi-family income property built in 1900.
The MLS lists its style as Multi-Family, Multi-Level, with two stories.
How does the price of 7 Wallace Street compare with other Rochester listings?
At $1,895,000, 7 Wallace Street in Rochester, NH is priced above the $524,900 median asking price of the 14 multi-family properties for sale in Rochester on PrimeMLS as of November 3, 2026 (this listing included).
That figure is Owl's Nest Real Estate's analysis of active listings, and asking prices are not sale prices — ask us for recent comparable sales before you make an offer.
How do I schedule a showing of 7 Wallace Street?
To see 7 Wallace Street in Rochester, NH, use Request a Showing on this page or call Owl's Nest Real Estate at 401-648-5308.
We can show any MLS-listed home and represent you as your buyer's agent; the listing brokerage represents the seller.
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NOTE: This representation is based in whole or in part on data generated by PrimeMLS, Inc., which assumes no responsibility for its accuracy. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS.
This listing data is intended for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/03/26.