Listed by Norm Aboshar • Keller Williams Gateway Realty. Bought with Alan Larrabee Realty Group.
Off Market Dec 2024 for $550K
$674,575
5
bd
•
4 ba
•
2,761
sq ft
50 N Spring St, Concord, NH 03301
About this home
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!
Multi-familyProperty Type
1880Year Built
6,098 sq ftLot Size
$244Est. Price/Sq.Ft.
1 garage spacesParking
Listed by Norm Aboshar• Keller Williams Gateway Realty
Bought with Alan Larrabee• Alan Larrabee Realty Group
Great income potential with this 4-unit New Englander situated in downtown Concord. Property is comprised of 1 large, 3-floor unit with 2-bedrooms, living room, dining room, bonus room and 1.5 baths; 2 1-bedroom units and a smaller studio. Tenants share outdoor patio area as well as rear yard/garden area. Owners offer tenants laundry access to utility room and currenlty use garage for owner storage. Sellers have replaced roof (10 years), heating system (10 years) and water heater (2 years) and updated the electrical system. Property is served by public water and sewer and natural gas. Separate out utilites, do some painting and make minor repairs and have a worry-free owner-occupied or investment property within walking distance to all downtown Concord has to offer.
Year
Property tax
Land + Additions
Assessment*
2025
$10,666 (+5.1%)
$90,300 + $276,100
$366,400
2024
$10,146 (+3.1%)
$90,300 + $276,100
$366,400
2023
$9,842 (+3.8%)
$90,300 + $276,100
$366,400
2022
$9,486 (+17.9%)
$90,300 + $276,100
$366,400
2021
$8,048 (+1.6%)
$90,300 + $230,100
$320,400
2020
$7,918 (+15.9%)
$72,300 + $223,600
$295,900
2019
$6,831 (+2.7%)
$66,500 + $179,400
$245,900
2018
$6,653 (+5.6%)
$65,100 + $170,900
$236,000
2017
$6,303 (+5.9%)
$63,100 + $160,100
$223,200
2016
$5,952 (+7.3%)
$63,100 + $152,000
$215,100
2015
$5,545 (+4.5%)
$58,400 + $144,400
$202,800
2013
$5,305
$58,400 + $149,000
$207,400
Tax history for 50 N Spring St
Year
Property tax
Land + Additions
Assessment*
2025
$10,666 (+5.1%)
$90,300 + $276,100
$366,400
2024
$10,146 (+3.1%)
$90,300 + $276,100
$366,400
2023
$9,842 (+3.8%)
$90,300 + $276,100
$366,400
2022
$9,486 (+17.9%)
$90,300 + $276,100
$366,400
2021
$8,048 (+1.6%)
$90,300 + $230,100
$320,400
2020
$7,918 (+15.9%)
$72,300 + $223,600
$295,900
2019
$6,831 (+2.7%)
$66,500 + $179,400
$245,900
2018
$6,653 (+5.6%)
$65,100 + $170,900
$236,000
2017
$6,303 (+5.9%)
$63,100 + $160,100
$223,200
2016
$5,952 (+7.3%)
$63,100 + $152,000
$215,100
2015
$5,545 (+4.5%)
$58,400 + $144,400
$202,800
2013
$5,305
$58,400 + $149,000
$207,400
*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
5
Baths
4.5
Stories
2
Lot width
—
Lot depth
—
Lot size
6,098 Sq. Ft.
Year renovated
—
Sq. Ft.
2,761
Year built
1880
Style
Multi-Family (5+ Unit)
County
Merrimack County
APN
796277
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
Apr 30, 2026 • Final
Electrical (commercial)
Upgrade the electrical service from 200 amps to 400 amps and install five meters.
Electrical
Mar 3, 2026 • Final
Residential building
Renovate a residential unit at the front of the building and perform structural work on an exterior deck.
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
Parking
Parking & Garage
Garage Capacity: 1
Interior
Basement Information
Basement: Yes
Basement Access: Walkout
Multi-Unit Information
Unit Lease Term: Annual
Total Units: 4
# of 1 Bedroom Units: 3
# of 2 Bedroom Units: 1
# of Baths (full): 4
Parking: Off Street, Parking Spaces 3
Sewer: Public
Electric: 200 Amp
Foundation: Concrete
Roof: Metal, Shingle - Asphalt
Driveway: Paved
Heating: Hot Water
Cooling: None
Flooring: Carpet, Laminate, Wood
Basement Description: Exterior Access
Unit 1 Information
Unit 1 Baths: 2
Unit 1 Bedrooms: 2
Unit 1 Lease Term: Annual
Unit 2 Information
Unit 2 Baths: 1
Unit 2 Bedrooms: 1
Unit 3 Information
Unit 3 Baths: 1
Unit 3 Bedrooms: 1
Unit 3 Lease Term: Annual
Unit 4 Information
Unit 4 Baths: 1
Unit 4 Bedrooms: 1
Exterior
Building Information
Architectural Style: New Englander
Construction Status: Existing
Construction Materials: Wood Siding
Approximate Sq. Ft. Total Finished: 2761
Approximate Sq. Ft. Total: 3387
Color: Yellow
Lot, Zoning, & Easement Information
Lot: 00
Easements: Unknown
Lot Features: City Lot
Income Information
Net Income: $62,961.07
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1880
Financial
Tax Information
Tax Year: 2023
Gross Amount Tax: 9842
Other Tax Information
Page Deed: 2268
Financing Information
Current: Conventional
Possible Options: Cash, Conventional
Utilities
Water Information
Water Source: Public
Other Utilities Information
Internet: High Speed Intrnt -Avail
Cable - Available, Gas - Underground
Location
Road Information
Road Frontage: Yes
Road Frontage Length: 50
Other Location Information
Block: 81
Public facts
Beds: 5
Baths: 4.5
Sq. Ft.: 2,761
Stories: 2.0
Lot Size: 6,098 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1880
Year Renovated: —
County: Merrimack County
APN: 796277
Home facts updated by county records on Aug 5, 2026