275-279 Mast Road, Durham, NH
Residential Income
Listed by Arthur Thomas Properties · Paula Igoe
Property Description
An exceptional investment opportunity in the heart of Durham, consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham. This turn-key asset features 8 spacious residential units with 22 bedrooms and town approval for up to 27 student beds, offering a unique combination of strong cash flow, prime location, and future flexibility. The property also includes 40 on-site parking spaces, a rare amenity in this highly desirable rental market. A strong investment opportunity with a projected 8.46% cap rate, this property presents a solid, long-term investment in one of New Hampshire’s most sought-after college communities.
Property Details
Essentials & finishes
- SqFt:8,484
- Price / SqFt:$324.14
- Property Type:Residential Income
- Year Built:2010
- County:NH-Strafford
- Town:Durham, NH
- Status:Active
- Days on Market:66
Primary Features
Interior Features
Location Information
Financial Details
Additional
External Features
Property History
Annual taxes for this property
| Year | Assessed Tax |
|---|---|
| 2024 | $46,750 |
| 2023 | $45,581 |
| 2022 | $44,413 |
Estimated from list price; verify with the town assessor.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Durham60
- Average list price$589,000
- Price range$589,000 – $589,000
- Market sentimentBuyer's Market
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- Principal & Interest$13,905
- Property Tax$3,896
- Home Insurance$573
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.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 60 active · 0 sold in Durham (last 90 days)
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