$475,000 | $194 per sq.ft. Under Contract | MLS# 5093431
A
4
Unit Multi Family Home, 305 Richmond Road Winchester NH
With 3 - One Bedroom Units | 1 - Two Bedroom Units
|
Description:
ATTENTION INVESTORS! Fully occupied 4-unit apartment building with a strong rental history and excellent income potential at 305 Richmond Road, Winchester, NH. This well-maintained multi-family property is located near the Massachusetts border, offering convenient access for commuters and tenants from both states. The property includes four residential units that are currently 100% occupied with reliable long-term tenants. It also features two separate income-producing workshop/garage spaces that provide additional revenue streams and enhance overall cash flow. Recent major capital improvements include a brand new roof, newly replaced rear stairs and decking, a fully replaced leach field, and septic connections to the two 1,000-gallon tanks that were serviced and replaced where needed. These updates ensure the property is in excellent condition and reduce future maintenance costs for the new owner. Tenants pay their own heat, hot water, and electricity, which keeps operating expenses low. This property has consistently delivered positive cash flow to the current owner, and keeping it occupied has never been an issue thanks to strong local demand. Current rents are below market rate and the leases are expiring, creating an immediate upside opportunity for a new owner to implement market-rate increases and boost net operating income right away. Whether you are an experienced investor looking to add a turnkey, low-maintenance asset to your portfolio or a buyer seeking a solid, cash-flowing property with built-in equity through recent upgrades, 305 Richmond Road is worth serious consideration. Priced to attract serious investors -- schedule your showing today and see the value for yourself. Whether investor-owned or owner-occupied, 305 Richmond Road is a super income generator and can be yours with pride. This property is not going to last long!
|
Annual Expenses
Taxes: $10,730 |
|
|
Income
|
|
UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 4Tenant Pays : Electric,Heat,Hot WaterRent : 1605.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
|
UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 3Tenant Pays : Electric,Heat,Hot WaterRent : 842.00 MonthlyLease Term : Annual Signed Lease : Yes
|
UNIT 3 INFORMATION
Beds: 1Baths: 1Rooms: 3Rent : 786.00 MonthlyStatus : Leased
|
UNIT 4 INFORMATION
Beds: 1Baths: 1Rooms: 2Rent : 645.00 MonthlyStatus : Leased
|
|
|
|
|
|
|
FEATURES AND DETAILS
|
CONSTRUCTION: Wood Frame | Wood Siding | Exterior Color Blue | Price Per SQ.FT. 194.35 | Year Built: 1983
|
|
LAND DESCRIPTION:
LOT DESCRIPTION: In Town
|
Livable Space: 2790
Above Grade Sq.Ft.: 2444
Below Grade Sq.Ft.: 346
Heating: Propane | Kerosene | Oil
Cooling: None
Electric: 100 Amp Service | Circuit Breaker(s)
Style: Multi-Family
Roof: Membrane | Architectural Shingle
Water: Public
Sewer: 1500+ Gallon | Concrete | Leach Field On-Site | Private
|
|
|
Lot size: 1 acres
Zoned: RES
Surveyed: Yes
Flood Zone: No
Seasonal: No
Road Frontage: 291
Driveway: Gravel
|
|
|
|
|
ADDITIONAL INFORMATION
|
Taxes $10,730 | Assesed Value $0 in |
|
|
SCHOOLS
School District: Winchester School District
Elementary School: Winchester School
Middle School: Winchester School
High School: Keene High School |
|
-
-
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 3
-
Unit 4
-
Unit 4
-
Unit 4
-
Unit 4
-
Unit 4
-
Unit 4
-
Unit 4
-
Unit 4
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 2
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Unit 1
-
Garage Building
-
305 Richmond Rd
-
305 Richmond Rd
-
305 Richmond Rd
-
305 Richmond Rd
-
305 Richmond Rd
-
305 Richmond Rd
-
Small Garage Space
15 Buck Rd. Hanover, NH 03755 603-643-3942
Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College
|
 |
Copyright © 2026 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 July 21st, 2026
|
|
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed at the following websites and you are encouraged to read these documents. Big Green Real Estate chooses as a business model to represent both buyers and sellers; please do not assume, without any contractual agreement otherwise, that Big Green Real Estate at this time represents your interests as an agent.
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
https://www.sec.state.vt.us/media/711742/Mandatory-Consumer-Disclosure-for-a-Non-Designated-Agency-Brokerage-Firm-9-24-2015.pd
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
http://www.nh.gov/nhrec/Brokerage%20Relationship%20Disclosure%20Form%207-19-11.pdf
|
|
