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Brie Stephens

[email protected] +1(603) 819-8071

Listed by George Hansel • H. G. Johnson Real Estate

$ 1,199,000

Est. payment -/mo

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53 & 59 Marlboro ST Keene, NH 03431

5,714 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,714 sqft

Price per Sqft $209

MLS Listing ID 5047347

Construction Status Existing

Year Built 1910

Annual Tax Amount $18,959

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Description

Rare 10% CAP RATE Investment – 100% leased, Mixed-Use Opportunity in Downtown Keene. Discover this exceptional investor opportunity with two adjoining, income-producing properties located just steps from Keene's vibrant downtown. –Total Units: 4 existing residential units + 1 commercial office. –Zoning: Mixed-use, with city approval for 2 additional residential units. –Parking: At least 11 on-site spaces. –Location: 1-minute walk downtown, rail trail, restaurants, and shops –53 Marlboro Street features a well-maintained office space with a kitchen, two bathrooms, six private offices, and an ADA-accessible ramp. At the rear of the building are two newly built residential units—a 2-bedroom and a 1-bedroom. The city has approved plans to convert the office portion into two additional residential units, offering immediate value-add potential for investors looking to optimize the residential income. 59 Marlboro Street is a classic duplex with two spacious 3-bedroom units, fully leased to reliable, long-term tenants. Both buildings sit on separate parcels but could be merged for 1031 exchange compatibility. This is a turn-key multifamily investor opportunity in downtown Keene with parking – A truly rare find! Seller may be willing to sell each parcel individually. Contact us today for detailed financial details or to schedule a private tour. Proof of financing and a minimum 24-hour notice required to schedule a showing.

Location

State NH

County Nh-cheshire

Area Nh-Cheshire

Zoning Downtown Edge (DT-E)

Rooms

Basement Entrance Interior

Basement Apartments, Concrete, Concrete Floor, Full, Interior Access

Interior

Cooling Individual

Exterior

Garage Description Off Street, On-Site, Parking Spaces 1 - 10

Utilities Available Cable, Gas - On-Site

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Shingle - Asphalt

Building

Story 2

Foundation Brick, Concrete, Fieldstone, Granite

Sewer Public

Architectural Style Duplex

Construction Status Existing

Schools

High Schools Keene High School

School District Keene Sch Dst Sau #29

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Moultonborough, NH