50 North Spring Street

Concord, NH 03301

$549,900
Price
5
Beds
4
Baths
2,761 Sq. Ft.
$199 / Sq. Ft.
2,761
Sq. Ft.
$199
per Sq. Ft.

Under Contract

Under Contract

Description

Huge Price Reduction! Prime investment opportunity in the heart of downtown Concord! This charming and well-maintained 4-unit New Englander offers excellent income potential. The property consists of one large 3-floor unit featuring 2 spacious bedrooms, 1.5 baths, a formal living room, dining room, bonus room, and plenty of storage space, perfect for an owner-occupant or perfect for a high-end tenant. Additionally, there are two comfortable 1-bedroom units and a cozy studio, ideal for consistent...Huge Price Reduction! Prime investment opportunity in the heart of downtown Concord! This charming and well-maintained 4-unit New Englander offers excellent income potential. The property consists of one large 3-floor unit featuring 2 spacious bedrooms, 1.5 baths, a formal living room, dining room, bonus room, and plenty of storage space, perfect for an owner-occupant or perfect for a high-end tenant. Additionally, there are two comfortable 1-bedroom units and a cozy studio, ideal for consistent rental income. Tenants enjoy a shared outdoor patio area, along with a private rear yard and garden space for relaxation or gardening enthusiasts. The utility room provides laundry access for all tenants, and the garage is currently used for owner storage but offers potential for other uses. Roof (12 years old), a modern heating system (12 years old), a 4-year-old water heater, and a fully updated electrical system. The property is served by public water and sewer and natural gas. With the option to separate utilities for increased rental value, a fresh coat of paint, and minor repairs, this property is poised to offer a worry-free investment or a fantastic owner-occupied opportunity. Walking distance to all of downtown Concord’s amenities, restaurants, and shops, this is the ideal location for urban living with small-town charm. Don’t miss out on this rare find!
  1. Listed by Norm Aboshar • Keller Williams Gateway Realty

Property Details for 50 North Spring Street

Parking
Off Street, Parking Spaces 3
Zoning
RD
LISTING UPDATED: 12/11/2024 09:47 PM

Property Details for 50 North Spring Street

StatusUnder Contract
MLS #5018781
Days on Market56
Taxes$9,842 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1880
Lot Size0.14 AC / 6,098 SF
CountyMerrimack County

Building Information for 50 North Spring Street

Stories2Residences4Year Built1880Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 50 North Spring Street

Summary
Location and General Information
  • City: Concord
  • County: NH-Merrimack
  • Latitude: 43.205632179737613
  • Longitude: -71.541416017196667
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 6444Z
  • Zip Code: 03301
Taxes and HOA Information
  • Tax Year: 2023
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 1.00
  • Driveway: Paved
Property
Lot Information
  • Block: 81
  • Lot: 00
  • Lot - Sqft: 6098.0
  • Lot Features: City Lot, In Town
  • Lot Size Acres: 0.14
  • Road Frontage Length: 50.0
  • Square Feet Apx Finished Above Grade: 2761.0
  • Square Feet Apx Finished AG Source: Other
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Other
  • Square Feet Apx Total: 3387.0
  • Square Feet Apx Total Finished: 2761.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Other
  • Square Feet Apx Unfinished Below Grade: 626.0
  • Square Feet Apx Unfinished BG Source: Other
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: Unknown
  • Foundation: Concrete
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1880
Utilities
  • Electric: 200 Amp
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - Available, Gas - Underground
  • Total Gas Meters: 1
  • Total Electric Meters: 1
  • Separate Utilities: No
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Color: Yellow
  • Construction Materials: Wood Siding
  • Roof: Metal, Shingle - Asphalt
  • Total Ranges: 4
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Exterior Access
  • Total Full Baths: 4
  • Flooring: Carpet, Laminate, Wood
  • Heating: Natural Gas, Hot Water
  • Cooling: None
  • Total Refrigerators: 4
  • Total Stories: 2
  • Total Water Heaters: 1
Multi Family
Income & Expenses Information
  • Gross Income: $81,600.00
  • Net Income: $62,961.07
  • Operating Expense Incl: Heat, Maintenance, Snow Removal, Utilities, Water/Sewer
  • Operating Expense: $8,797
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 3
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 0
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rental Amount: $2,200.00
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $1,500.00
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $1,500.00
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rental Amount: $1,600.00

Property History for 50 North Spring Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 50 North Spring Street

Taxable ValueLand$90,300Additions$276,100Total$366,400
Tax Record2023$9,842 ($820 / month)
Home Facts
Baths4.5Total Finished SqFt2,761 SqFtAbove Grade Finished SqFt2,761 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningRDCountyMERRIMACKAPNCNCD M:6444Z B:81

Schools near 50 North Spring Street

This home is within Concord School District.
Rating
School
Type
Grades
Distance
Christa Mcauliffe School
Public - K to 5
Rundlett Middle School
Public - 6 to 8
Concord High School
Public - 9 to 12
Rumford School
Public - 1 to 5
Rating
School
Distance
Christa Mcauliffe School
PublicK to 5

Rundlett Middle School
Public6 to 8

Concord High School
Public9 to 12

Rumford School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Gateway Realty

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 12/26/2024 06:25 PM