Commercial for Sale: 423 Court Street, Portsmouth, NH 03801

$2,995,000
$2,995,000
423 Court Street, Portsmouth, NH 03801
$2,995,000
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Price:
$2,995,000
$504,000 - 09/11/2024

Type Commercial
Lot Size 0.07 acres
Year Built 1814
Taxes Paid $13,846

City Portsmouth
County Rockingham

MLS 5011698
Status Active
DOM 23 days
Being sold with 19 Atkinston (multi mls 5011661). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth’s best locations. Thesestrategically 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 propertyincludes 6 units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience andvalue for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing inPortsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strongrental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units andadjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth’s growth. Don’t miss out on this prime investment opportunity inPortsmouth’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

Utilities Other
Heat Source Gas - Natural
Heating Hot Water
Parking Description Off Street
Sewer Public
Tax Year 2023
Taxes Paid $13,846
Water Public
Basement Description Unfinished

Price History of 423 Court Street

Date Name Price Difference
09/11/2024 Price Adjustment $2,995,000 14.40%
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 Greg Gagalis
Direct: 603-918-4497
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Duston Leddy Real Estate, Joe Leddy 603-494-6864
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20%
0.46230383973289%
6.75%
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$
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Principal & Interest
Monthly Taxes
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423 Court Street (MLS #5011698) is a commercial listing located in Portsmouth, NH. This commercial listing is on a lot of 3,049 sqft (or 0.07 acres) and is 210 years old. This property was listed on 08/28/2024 and has been priced for sale at $2,995,000.

Nearby zip codes are 03854, 03870, 03903, 03904 5539 and 03904. This property neighbors other cities such as Eliot, Kittery, New Castle, Newington and Rye.

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 09/20/2024