275-279 Mast RD, Durham, NH 03824
275-279 Mast RD, Durham, NH 03824
275-279 Mast RD, Durham, NH 03824
275-279 Mast RD, Durham, NH 03824
275-279 Mast RD, Durham, NH 03824
275-279 Mast RD, Durham, NH 03824
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Paula Igoe • Arthur Thomas Properties
$ 2,750,000
Est. payment | /mo

8,484 SqFt

Save
$ 2,750,000
Est. payment | /mo
Save

8,484 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,484 sqft

Price per Sqft $324

MLS Listing ID 5087830

Construction Status Existing

Year Built 2010

Annual Tax Amount $37,683

Tax Year 2025

Lot Size 1.970 Acres

Acres 1.97

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.

Location

State NH

County Nh-strafford

Area Nh-Strafford

Zoning MUDOR

Rooms

Basement Entrance Walk-up

Basement Full, Slab, Interior Access, Exterior Access

Interior

Cooling None

Flooring Carpet, Hardwood, Tile

Exterior

Utilities Available Underground Gas

Roof Type Asphalt Shingle

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Middle Schools Oyster River Middle School

High Schools Oyster River High School

School District Oyster River Cooperative

PrimeMLS
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH, 03801-4161, USA

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275-279 Mast RD