Under contract

223 High St, Somersworth, NH 03878

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKW Coastal and Lakes & Mountains Realty
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Overview

Location, history, and exceptional return on investment. Welcome to 223 High Street in Somersworth, a standout 4-unit property in the heart of the city. This well-maintained historic multi-family seamlessly blends classic character with modern updates, offering both charm and peace of mind. The property is in excellent condition, featuring updated systems, separate utilities, and off street parking—helping to minimize expenses and ensure a smooth, low-maintenance transition for the next owner. The building offers a well-balanced unit mix, with two first-floor units (one 2-bedroom and one 1-bedroom) and two second-floor units (one 2-bedroom and one 1-bedroom studio). All units have been updated, provide ample natural light, and are fully leased, making this a true turn-key investment. With strong income already in place and a 6.98% cap rate, this property is ideal for investors seeking a stable, cash-flowing asset. Ideally located just minutes from downtown, shopping, and major commuter routes, 223 High Street offers the accessibility tenants value and the performance investors seek. A rare opportunity to acquire a fully occupied, income-producing property with proven returns and long-term growth potential.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
2
Lot size (acres)
0.36
Year built
1870

Interior features

Basement
Yes, Finished

Exterior features

Horse amenities
Stable

Utilities

Heating
Natural Gas, Hot Water
Cooling
None

Public schools

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Sourced from: PrimeMLS MLS®#: 5082325 Last checked:

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