20-24 Franklin St - Apartments FOR SALE


Somersworth, NH 03878
$695,000 USD
603-932-3011
20-24 Franklin St, Somersworth, NH for Sale
$695,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

20-24 Franklin St
Somersworth, NH 03878


HIGHLIGHTS

  • Corner lot in the heart of Somersworth
  • Fully renovated
  • One unit is left vacant for a potential owner-occupant

OVERVIEW

A rare find in today’s market, this property is ideal for investors seeking reliable cash flow or owner-occupants looking to offset living expenses with rental income. The property has been thoughtfully renovated throughout in 2024. Recent updates include new vinyl siding, new rubber roof, upgrading electrical and plumbing, a new heating system, updated kitchens and bathrooms, fresh flooring, and interior paint. Two large units are leased with strong rents and one massive four-bedroom, two-bathroom unit is left vacant for a potential owner-occupant or greater rent potential. Just a block from Main Street, the location provides walkable access to downtown shops, restaurants, and local amenities, plus convenient proximity to Route 16 and nearby Dover. Whether you’re expanding your portfolio or envisioning your first residence, this versatile property delivers location, character, and long-term value. Showings begin Tuesday, April 15th. Owner is a licensed New Hampshire real estate salesperson.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

3

PRICE/UNIT

$231,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated 3-unit in the heart of Somersworth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R3

APN/PARCEL ID

SMSW-000009-000115

ASK ABOUT THIS PROPERTY

Matt LefebvreDowntown RealtyMore Info
603-932-3011

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Matt LefebvreDowntown RealtyMore Info
603-932-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.