Multi-Family for Sale: 423 Court Street, Portsmouth, NH 03801 SOLD

6 beds
4,241 sqft
$1,131,000
$1,131,000
423 Court Street, Portsmouth, NH 03801 SOLD
6 beds
4,241 sqft
$1,131,000
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Selling Price: $1,131,000
Original List Price: $3,499,000
Sold at 32.3% of list price
Sold Date: 10/31/2024

Type Multi-Family
Style Antique, Apartment Building
Beds 6
Square Feet 4,241 sqft
Lot Size 0.07 acres
Year Built 1814

City Portsmouth
County Rockingham
School District Portsmouth

MLS 5011667
Status Closed
DOM 35 days
Being sold with 19 Atkinson (mls 5011661). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth’s best locations. These strategically positioned properties offer compelling investment prospects, with strong rental histories and potential for growth. *Atkinson Street Building*: This well-maintained property features three one-bedroom units, each with a solid rental track record, offering immediate income potential. *Court Street Building*: This property includes 6 units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience and value for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing in Portsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units and adjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth’s growth. Don’t miss out on this prime investment opportunity in Portsmouth’s dynamic real estate market. Schedule a showing and discover how these multifamily buildings can become valuable assets in your investment portfolio.

Lot & Building Features

Appliances Water Heater – Off Boiler
Utilities Other
Construction Brick Exterior, Other Exterior, Other
Cooling None
Heat Source Gas - Natural
Heating Hot Water
Parking Description Driveway, Parking Spaces 4
Sewer Public
Tax Year 2023
Water Public
Basement Description Unfinished
Foundation Other, Stone
Lot Description City Lot
Roof Flat, Other
Garage No

Community and Schools

Elementary School Little Harbor School
Junior High School Portsmouth Middle School
Senior High School Portsmouth High School

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Info Disposal, Refrigerator, Range - Electric
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1650.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 3
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Internet Service
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Disposal, Refrigerator, Range - Electric
Unit 2 Lease Term Annual
Unit 2 Level Number 1
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1200.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 2
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Internet Service
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Info Disposal, Refrigerator, Range - Electric
Unit 3 Lease Term Annual
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1350.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 3
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, Internet Service
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Info Range - Electric, Refrigerator
Unit 4 Level Number 2
Unit 4 Rental Amount 1650.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 2
Unit 4 Status Vacant
Unit 4 Tenant Pays Electric, Internet Service
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Info Range - Electric, Refrigerator
Unit 5 Level Number 3
Unit 5 Rental Amount 1200.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 3
Unit 5 Status Leased
Unit 5 Tenant Pays Electric, Internet Service
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Info Range - Electric, Refrigerator
Unit 6 Level Number 3
Unit 6 Rental Amount 1550.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Rooms 2
Unit 6 Status Vacant
Unit 6 Tenant Pays Electric, Internet Service

Price History of 423 Court Street

Date Name Price Difference
09/11/2024 Price Adjustment $1,131,000 67.68%
08/28/2024 Listing Price $3,499,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 423 Court Street, Portsmouth, NH

Location Map Street View
Photo of Nick Peverada
Direct: 603-660-6699
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Duston Leddy Real Estate, Joe Leddy 603-494-6864
Sold by The Boulos Company, Caitlin Burke
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1%
6.75%
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Monthly Taxes
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PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Duston Leddy Real Estate

Copyright 2024 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, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/16/2024