9-11 Worster StreetFarmington, NH 03835
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Well-maintained 11-unit multifamily property consisting of a 9-unit apartment building adjacent to a 2-unit duplex, totaling seven 2-bedroom apartments and four 1-bedroom apartments. This property has been significantly improved by the current owner and most units include vinyl plank flooring, fresh paint, and stainless steel appliances. Income is terrific with an average rent of $1,757/unit/month and ~$237K/year in total gross revenue, and further upside income potential exists for a new owner willing to renovate. The Landlord pays for heat, hot water, and cold water / sewer, and the tenants pay for electricity. The property’s ~$162K/year in NOI makes this listing a 8.6% cap at the asking price. The buildings’ shared parking lot accommodates 12-14 vehicles and additional street parking is available in the immediate vicinity. The property is only a couple minute walk to Farmington's downtown and is a commutable distance to Portsmouth (25 miles), Concord (33 miles), and Manchester (43 miles). Owner is a real estate licensee.
| 3 weeks ago | Listing updated with changes from the MLS® | |
| 3 months ago | Price changed to $1,875,000 | |
| 4 months ago | Listing first seen on site |
Copyright 2025, PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2025-03-14 09:48 AM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.