177 Rockingham Rd - Apartments FOR SALE


Auburn, NH 03032
$1,195,000 USD
617-290-8255
177 Rockingham Rd, Auburn, NH for Sale
$1,195,000 USD
Apartments - FOR SALE
1/50
null | 8.25% Cap Rate

177 Rockingham Rd
Auburn, NH 03032


HIGHLIGHTS

  • Rare 4-unit multifamily investment property situated on approximately 1.27 acres.
  • Features 4 ranch-style residential units

OVERVIEW

177 Rockingham Rd, Auburn, NH — Four-Unit Multifamily Investment Opportunity Offered at $1,195,000, this four-unit multifamily asset presents a rare opportunity to acquire a near-turnkey property with an extensive, nearly complete capital improvement program. Recent upgrades include a new architectural roof (2025), new furnace and dual mini-split heat pump systems (2024–2025), septic line replacement with PVC (2023), a new asphalt driveway (2024), multiple new water heaters, and complete interior renovations of three of the four residential units (2022, 2024, 2026). The property generates strong in-place income, with annual gross income of $113,040 and net operating income of $98,624, reflecting an 8.25% cap rate at the asking price. Additional upside is available through leasing the currently vacant storage unit. The unit mix includes four residential units, two garage spaces, and one storage unit. With nearly every major building system updated — roof, mechanicals, septic, driveway, and hot water — this is a low-maintenance asset well-suited for an investor seeking durable cash flow with minimal near-term capital requirements. Property is being sold as-is. Buyer to conduct independent due diligence on all income, expense, and physical condition matters.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

8.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

COMM C2

APN/PARCEL ID

000027000008000000

ASK ABOUT THIS PROPERTY

Thomas MacdonaldChester Asset Management LLCMore Info
617-290-8255

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Thomas MacdonaldChester Asset Management LLCMore Info
617-290-8255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.