Multi-Family for Sale: 50 North Spring Street, Concord, NH 03301

5 beds
4 full baths
2,761 sqft
$549,900
$549,900
50 North Spring Street, Concord, NH 03301
5 beds
4 full baths
2,761 sqft
$549,900
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Price:
$549,900
$50,000 - 11/11/2024

Type Multi-Family
Style New Englander
Beds 5
Total Baths 4 full baths
Square Feet 2,761 sqft
Lot Size 0.14 acres
Year Built 1880
Taxes Paid $9,842

City Concord
County Merrimack

MLS 5018781
Status Active
DOM 36 days
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!

Lot & Building Features

Utilities Cable - Available, Gas - Underground
Construction Wood Siding
Cooling None
Heat Source Gas - Natural
Heating Hot Water
Parking Description Off Street, Parking Spaces 3
Sewer Public
Tax Year 2023
Taxes Paid $9,842
Water Public
Basement Description Exterior Access
Foundation Concrete
Lot Description City Lot
Roof Metal, Shingle - Asphalt
Garage Yes

Unit Features

Unit 1 Baths 2
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2200.00
Unit 1 Rental Amt Freq Monthly
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1500.00
Unit 2 Rental Amt Freq Monthly
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Lease Term Annual
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1500.00
Unit 3 Rental Amt Freq Monthly
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Rental Amount 1600.00
Unit 4 Rental Amt Freq Monthly

Price History of 50 North Spring Street, Concord, NH

Date Name Price Difference
11/11/2024 Price Adjustment $549,900 8.33%
10/16/2024 Listing Price $599,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$400,000
$151 / sqft
Average
$489,975
$182 / sqft
High
$550,000
$208 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Concord 03301 5 4.0 $549,900 2,761 $199 N/A
23 West Street Concord 03301 5 3.0 $485,000 2,767 $175 01/25/2024
144 RUMFORD Street Concord 03301 5 3.0 $550,000 2,644 $208 02/29/2024
16 N. Spring Street Concord 03301 5 3.0 $524,900 2,738 $192 04/19/2024
2-4 Foster Street Concord 03301 6 3.0 $400,000 2,649 $151 11/01/2024

Map of 50 North Spring Street, Concord, NH

Location Map Street View
Photo of Wayne Sigman
Direct: 603-860-0758
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Keller Williams Gateway Realty, Champion Realty Group
$
20%
1.7897799599927%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

50 North Spring Street (MLS #5018781) is a multi-family listing located in Concord, NH. This multi-family listing is 2,761 sqft and on a lot of 6,098 sqft (or 0.14 acres) with 5 bedrooms, 4 baths and is 144 years old. This property was listed on 10/16/2024 and has been priced for sale at $549,900.

The 5 bedroom multi-family listing at 16 N. Spring Street in Concord is nearby and sold for $524,900 on 04/19/2024. Another nearby 5 bedroom multi-family listing, 144 RUMFORD Street in Concord sold for $550,000 on 02/29/2024.

Nearby zip codes are 03275, 03301 0000, 03302 0483, 03303 and 03304. This property neighbors other cities such as Bow, Dunbarton, Hopkinton, Loudon and Pembroke.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information 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 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 11/21/2024