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Matt Quinlan

matt@quinlanhomescrg.com +1(978) 827-8268

Listed by Kristi Whitten • Keller Williams Realty-Metropolitan

$399,900

Est. payment - /mo

6 Beds

3 Baths

2,143 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,143 sqft

Price per Sqft $186

MLS Listing ID 5113927

Bedrooms 6

Full Baths 3

Construction Status Existing

Year Built 1880

Annual Tax Amount $6,489

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Here's a well-positioned multi-family opportunity in the heart of Keene. 120 Elm Street offers three residential units across 2,142 square feet, with projected gross rents of $4,945 per month ($59,340 per year) and an impressive 11% cap rate. The two 2-bedroom units are currently leased at $1,100 and $1,645 per month. The spacious first-floor 3-bedroom unit is vacant and projected to rent at $2,200 per month, so a new owner can choose their own tenant or move in and live in one unit while the other two help cover the mortgage. The gap between the two 2-bedroom rents also suggests room to raise rent over time. A brand-new heating system serves all three units, giving you peace of mind and lower near-term capital costs. Each unit has its own electric meter, so tenants pay their own electricity. A shared first-floor laundry area and off-street parking add convenience for residents and lasting value for the owner. Keene's steady rental demand, supported by local colleges, healthcare, and a lively downtown, makes this property a strong long-term hold. Contact us today for full financials and to schedule a private showing.

Location

State NH

County Nh-cheshire

Area Nh-Cheshire

Zoning HD

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Cooling None

Exterior

Utilities Available Cable Available

Roof Type Slate

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

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NEARBY SCHOOL & BUSINESS

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Matt Quinlan

+1(978) 827-8268

Broker License ID: 9518707

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120 Elm ST Keene, NH 03431

Matt Quinlan

Key Details

Location

Rooms

Interior

Exterior

Building

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION