Price Reduced 4.20%
Listing courtesy of Emil Uliano, Great Island Realty LLC Phone: 603-433-3350
Price History
$2,500,000
7/8/2024
$2,395,000
8/12/2024
366 Broad Street, Portsmouth, NH, 03801
11 beds
7 Full baths
1900
Bungalow, Carriage, Multi-Family, New Englander
5,194 sqft
Welcome to 366 Broad St, a rare multi-family offering in the heart of Little Harbor. This magnificent property, being presented to the market for the first time since 1964, embodies charm, versatility & exceptional investment potential. Situated on an impressive .85-acre lot, this 7 unit property is comprised of a turn-of-the-century main home with an attached carriage house, a detached single-family residence & a 4-car garage/outbuilding. Totaling 5,194 sq ft of finished living space, the main building has three 2-bedroom, 1-bath units & three 1-bedroom, 1-bath units. The detached home is a 2-bedroom, 1-bath residence, perfect for additional rental income or private use. The owners have chosen to keep tenants in place with rents below market rates to foster long-term tenant relationships, resulting in low turnover. Currently, with several units vacant due to the property coming to market, there is a prime opportunity for new ownership to enhance units & potentially raise rents to market rates. Beyond its current use as a multi-unit rental property, the expansive lot size invites consideration for alternative development possibilities. Located just moments from Downtown Portsmouth, this property offers unparalleled convenience to the city’s vibrant shops, restaurants & cultural amenities. This is a rare opportunity to acquire a 7-unit property of this caliber with substantial lot size & proximity to downtown—a true gem in Portsmouth’s real estate market.
Status:
Active
Type:
Multi-family
Units:
7
Zoning:
GRA
Garage:
4-car Garage
Heating:
Hot Water
Cooling:
None
Basement:
Bulkhead, Unfinished, Interior Access
Parking:
Driveway, On-Site, Paved
Acreage:
0.84
Est. Taxes:
$15,535
Assessment
$963,100
Lot Description:
Open
Amenities:
Coin Laundry
Elementary School:
Little Harbor School
Middle School:
Portsmouth Middle School
High School:
Portsmouth High School
School District:
Portsmouth
MLS #:
5003887