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Executive Summary
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.
Property Facts
| Price | $750,000 | Building Size | 3,915 SF |
| Price Per Unit | $187,500 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1870/2024 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $750,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,915 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1870/2024 |
| Opportunity Zone |
Yes |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | SMSW-000014-000046 | Improvements Assessment | $486,000 |
| Land Assessment | $103,900 | Total Assessment | $589,900 |
Property Taxes
Parcel Number
SMSW-000014-000046
Land Assessment
$103,900
Improvements Assessment
$486,000
Total Assessment
$589,900
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223 High St
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