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Listed by Paula Igoe • Arthur Thomas Properties
$ 2,750,000
Est. payment /mo
New
275-279 Mast RD Durham, NH 03824
8,484 SqFt
UPDATED:
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
Nearby Locations