32 Mill Street, Rochester, NH

Property Description

32 Mill Street brings a residential income to the Rochester market at $899,000. Inside you'll find 4,528 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: garage parking for 2, 1882 construction and roughly $199 per square foot. The full photo gallery, live pricing and every MLS detail for 32 Mill Street follow below.

Highly sought-after waterfront quadplex on a large 1.62-acre lot in East Rochester, with the potential to subdivide a separate waterfront multifamily parcel. On the market for the first time in over 45 years, showcasing decades of prideful ownership. Small apartments no more, as the buildings massive 4500+ square feet of living space, gives units ideal layouts with spacious living/dining rooms, large kitchens, and multiple bedrooms for maximum income. Large units and separate utilities allows for low expenses and a potential cap rate over 10.33%. Owners and tenants savor the privledge of having direct access to the Salmon River and providing the perfect setting to canoe and fish from the doorsteps of their home. Tour through the units and experience its character and charm. The largest unit features stunning hardwood floors, chamber ceilings and beautiful crown molding. Explore the enhanced features in other units, such as updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, an open kitchen layout, and stylish brick backsplash. There is additional attic space which can be utilized as storage or expansion for additional living space. Thats not all, tenants enjoy an open backyard, 2 car garage, plenty of parking, and convenience of location. 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Zoning density may allow for additional units to be built outback with a special exception.

Location Highlights

32 Mill Street is a residential income in Rochester, New Hampshire, listed at $899,000. That works out to about $199 per square foot, for a home built in 1882. It has been on the market for 17 months.

At this latitude, Rochester averages roughly 8.4 hours of sun a day in June and 3.6 in December.

Zoned schools: East Rochester School (Elementary), Rochester Middle School (Middle), Spaulding High School (High). Always confirm zoning with the district office.

Property Details

Essentials & finishes