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Listed by Kristi Whitten • Keller Williams Realty-Metropolitan
$ 399,900
Est. payment | /mo
7 Beds
3 Baths
2,143 SqFt
$ 399,900
Est. payment | /mo
7 Beds
3 Baths
2,143 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,143 sqft
Price per Sqft $186
MLS Listing ID 5113927
Bedrooms 7
Full Baths 3
Construction Status Existing
Year Built 1880
Annual Tax Amount $6,489
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Here's a well-positioned multi-family opportunity in the heart of Keene. 120 Elm Street offers three residential units across 2,142 square feet, with projected gross rents of $4,945 per month ($59,340 per year) and an impressive 11% cap rate. The two 2-bedroom units are currently leased at $1,100 and $1,645 per month. The spacious first-floor 3-bedroom unit is vacant and projected to rent at $2,200 per month, so a new owner can choose their own tenant or move in and live in one unit while the other two help cover the mortgage. The gap between the two 2-bedroom rents also suggests room to raise rent over time. A brand-new heating system serves all three units, giving you peace of mind and lower near-term capital costs. Each unit has its own electric meter, so tenants pay their own electricity. A shared first-floor laundry area and off-street parking add convenience for residents and lasting value for the owner. Keene's steady rental demand, supported by local colleges, healthcare, and a lively downtown, makes this property a strong long-term hold. Contact us today for full financials and to schedule a private showing.
Location
State NH
County Nh-cheshire
Area Nh-Cheshire
Zoning HD
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Slate
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools and Properties Nearby
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