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24 South Ave - Fantastic owner-occupant or investment, Derry 4 Unit Apartment Building Offered at $899,000 Derry, NH 03038
EXECUTIVE SUMMARY
Fantastic owner-occupant or investment opportunity in a highly convenient Derry location! This well-maintained 4-unit multifamily property features a strong rental history and a desirable unit mix: (1) 1-bed/1-bath, (2) 2-bed/1-bath, and (1) 3-bed/1-bath. The spacious 3-bedroom is currently vacant and fully renovated, offering move-in ready appeal with fresh paint & flooring, a bright kitchen with new stainless-steel appliances, granite-style countertops, and an updated bath. The unit also features a charming enclosed porch and keyless entry. Tenants pay electric and hot water. The property offers off-street parking, washer/dryer hookups. Major system updates include a new boiler in 2023 and a roof replaced just two years ago. Located on a corner lot in a quiet residential neighborhood, yet close to everything—just 1 mile to Route 93, ¼ mile to Route 102, and about 1¼ miles to Route 28—this property offers excellent commuter access while being moments from local shops, restaurants, parks, and schools. Whether you're looking to live in one unit and offset your mortgage or expand your real estate portfolio, 24 South Avenue is a smart investment in growing Derry. Showings begin on Friday 11/14. Call the office to set up a time. Owner is a licensed New Hampshire real estate salesperson.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$10,319
|
$2.52
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,319
|
$2.52
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $10,319 |
| Annual Per SF | $2.52 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $10,319 |
| Annual Per SF | $2.52 |
PROPERTY FACTS
| Price | $899,000 | Lot Size | 0.12 AC |
| Price Per Unit | $224,750 | Building Size | 4,088 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MHDR | ||
| Price | $899,000 |
| Price Per Unit | $224,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.12 AC |
| Building Size | 4,088 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2025 |
| Opportunity Zone |
Yes |
| Zoning | MHDR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,550 | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (82)
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24 South Ave - Fantastic owner-occupant or investment, Derry
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