REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Nick Gray • Gray Property Group, LLC
$ 3,750,000
Est. payment /mo
Active
34 Ponemah Hill RD Milford, NH 03055
12,096 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,096 sqft
Price per Sqft $310
MLS Listing ID 5080258
Construction Status Existing
Year Built 2021
Annual Tax Amount $72,882
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Turn-key, fully occupied 9-unit townhouse-style investment property built in 2021 and located in a desirable Milford setting. The asset consists of 9 individually deeded condominium units that have been professionally operated as a single multifamily investment for the past 4 years. Although each unit is separately deeded, no formal condominium association is currently in place, giving a buyer flexibility to either continue operating as a traditional multifamily asset or complete the condominium documentation and pursue individual unit sales over time. Each unit offers 2 bedrooms, 1.5 bathrooms, and ~1,296–1,440 finished square feet across a 3-level layout. The main living level features high ceilings, large windows, and an open-concept design. Kitchens include shaker-style cabinetry, granite countertops, subway tile backsplashes, and stainless steel appliances with gas ranges. Upstairs, spacious bedrooms offer generous closet space and are complemented by well-appointed bathrooms with double vanities. Additional features include in-unit washer and dryer, private backyard patios, and unfinished full basements with bulkhead access for storage. The property benefits from an efficient expense structure, with tenants separately metered for water and sewer, natural gas, and electricity. Surface parking is ample, with 2 assigned spaces per unit. Current average rents are ~$2,750/unit/month, totaling ~$297,000 in annual scheduled revenue. Net operating income for 2025 was ~$172,000, net of all expenses including professional management. Located just off NH-101A and minutes from the Milford Oval, the property offers convenient access to shopping, dining, Manchester-Boston Regional Airport, and the Greater Boston market. With 2021 construction, low-maintenance design, a favorable utility structure, and multiple paths to monetization, 34 Ponemah Hill Road presents a rare opportunity to acquire a newer vintage, scaled asset with durable income and embedded upside.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Residential A
Rooms
Basement Entrance Interior
Basement Concrete Floor, Interior Access, Basement Stairs
Interior
Cooling Central AC
Flooring Vinyl Plank
Exterior
Utilities Available Cable at Site, Gas On-Site
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Townhouse
Construction Status Existing
Nearby Locations