Listed by Debbie Kelley • BHHS Verani Londonderry. Bought with Coldwell Banker Chelmsford.
Off market aug 2018 for $690K
—
8
bd
•
8 ba
•
4,802
sq ft
110 N State St, Concord, NH 03301
About this home
Remarkable opportunity to own this fully occupied 8 unit, income producing property in the Capital City, with great rental history. Newly paved parking lot allows tenants to not have to worry about where to park. There are SIX one bedroom units, and TWO spacious studio apartments. Five of the 8 units have been completely renovated and electric has been separated in ALL but two of the units. LEASES in place for the five which have been newly renovated, the other three units are MTM. Newly re-built front porch, and all updated common areas with refinished floors, new exterior doors, and freshly painted which only adds to the VALUE and strong rental demand of this building. The gas fired boiler is well maintained and helps to keep the heating costs down. A Coin-Op laundry and laundry room were recently installed. Let's get to the bottom line: the CURRENT GROSS INCOME is $85,764., with total annual expenses (including taxes) being $23,440., leaving you with an actual NET INCOME of $62,323 annually, with a STRONG cap rate over 9%. The on-site manager takes care of landscaping, snow blowing and day-to-day maintenance. Potential to increase revenue by creating storage units, and renovating the last three units. Opportunities such as this don't appear every day. This is your chance to add a well-maintained, income producing building to your portfolio. Listing agent is related to Seller.
Multi-familyProperty Type
1900Year Built
8,712 sq ftLot Size
$144Price/Sq.Ft.
Listed by Debbie Kelley• BHHS Verani Londonderry
Bought with Linda Burns• Coldwell Banker Chelmsford
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
8
Stories
3
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
—
Sq. Ft.
4,802
Year built
1900
Style
Multi-Family (5+ Unit)
County
Merrimack County
APN
413913
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
RD
Downtown Residential District
The Downtown Residential RD District is established to incorporate the fully developed neighborhoods of mixed residential uses surrounding the downtowns of Concord and Penacook at densities not exceeding 14 units per acre in areas with full municipal utility services
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Aug 18, 2026 • Final
Plumbing (residential)
Plumbing
Jul 24, 2024 • Final
Commercial building
Rebuild the rear exterior stairs of the building.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour
Basement Information
Basement: Yes
Basement Access: Walkout
Multi-Unit Information
Total Units: 8
# of 1 Bedroom Units: 8
# of Baths (full): 8
Water: Public
Sewer: Public
Electric: Circuit Breaker(s)
Construction: Wood Frame
Foundation: Concrete
Exterior: Vinyl Siding
Roof: Shingle - Asphalt
Driveway: Paved
Heating: Electric, Hot Water
Heat Fuel: Gas - Natural
Cooling: None
Water Heater: Domestic
Basement Description: Concrete
Unit 1 Information
Unit 1 Baths: 1
Unit 1 Bedrooms: 1
Unit 1 Rooms: 3
Unit 2 Information
Unit 2 Baths: 1
Unit 2 Bedrooms: 1
Unit 2 Rooms: 3
Unit 3 Information
Unit 3 Baths: 1
Unit 3 Bedrooms: 1
Unit 3 Rooms: 3
Unit 4 Information
Unit 4 Baths: 1
Unit 4 Bedrooms: 1
Unit 4 Lease Term: Annual
Unit 4 Rooms: 3
Unit 5 Information
Unit 5 Baths: 1
Unit 5 Bedrooms: 1
Unit 5 Lease Term: Annual
Unit 5 Rooms: 3
Unit 6 Information
Unit 6 Baths: 1
Unit 6 Bedrooms: 1
Unit 6 Lease Term: Annual
Unit 6 Rooms: 3
Unit 6 Rooms: 3
Unit 7 Information
Unit 7 Baths: 1
Unit 7 Bedrooms: 1
Unit 7 Lease Term: Annual
Unit 7 Rooms: 3
Unit 8 Information
Unit 8 Baths: 1
Unit 8 Bedrooms: 1
Unit 8 Lease Term: Annual
Unit 8 Rooms: 3
Exterior
Building Information
Construction Status: Existing
Approximate Sq. Ft. Total Finished: 4802
Approximate Sq. Ft. Total: 6476
Lot, Zoning, & Easement Information
Lot: 10
City Lot
Income Information
Net Income: $62,323
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1900
Financial
Assessment Information
Assessment Amount: 448000
Assessment Year: 2017
Tax Information
Tax Year: 2017
Taxes Expenses: 12651
Gross Amount Tax: 12652
Taxes TBD: Unknown
Other Tax Information
Page Deed: 2079
Utilities
Water Information
Water Expenses: 1257
Other Utilities Information
Utility Expenses: 2878
Location
School Information
School District: Concord School District SAU #8
Neighborhood Information
In Town, Near Shopping, Near Public Transportatn
Road Information
Road Frontage: TBD
Paved, Public
Other Location Information
Directions: Take Exit 15W from I-93 toward Concord. Turn left onto North Main Street. Turn right onto Franklin Street. At the traffic circle, take the 1st exit.
Block: 2
Public facts
Beds: —
Baths: 8.0
Sq. Ft.: 4,802
Stories: 3.0
Lot Size: 8,712 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Merrimack County
APN: 413913
Home facts updated by county records on Aug 5, 2026
Other
Expense Information
Net Income: 62323
Maintenance Expenses: 1071
Insurance Expenses: 1812
Heat Expenses: 3772
Around this home
Schools
K - 12
Preschool & daycare
Christa McAuliffe School
Public K-5 • Assigned • 0.8mi
8/10
Rundlett Middle School
Public 6-8 • Assigned • 1.7mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 17 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Concord, NH • 03301
Average low and high temperatures (°F)
30
14
33
14
48
27
59
37
68
48
80
58
85
62
82
56
76
51
63
40
49
32
35
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.1 hours in December, placing it below the
U.S. average for solar exposure.