Listed by Colleen Guillou • RE/MAX Bentley's. Bought with EXP Realty.
Sold on Jun 2026
$1,250,000
—
bd
•
— ba
•
8,221
sq ft
224 Mast Rd, Durham, NH 03824
About this home
Perfectly situated just minutes from the University of New Hampshire, this well-maintained building offers an outstanding investment opportunity in a highly desirable rental market. A short drive to UNH, downtown Durham, shopping, dining and public transportation. Easy access to major highways and surrounding areas. This multifamily building has been thoughtfully cared for, featuring spacious units and a strong rental history. The property consists of a mix of one and two-bedroom units, providing flexibility for a variety of tenants. The property is fully rented with reliable tenants, offering an immediate stream of rental income. Generous parking options for residents, ensuring convenience and accessibility. Durham is home to a thriving college town atmosphere with continued demand for housing, making this a solid, long-term investment. Whether you're looking to add a stable cash-flowing asset to your portfolio or seeking future potential for value-add improvements, this 11-unit multifamily property offers tremendous potential in one of New Hampshire's most sought-after locations. Rentals are under market value with opportunity for increased rental income. Septic in need of replacement and seller willing to contribute money back at closing toward new system. Don’t miss out on this rare opportunity—schedule a tour today!
This property represents a strong investment and/or possible development opportunity. Located only 2 miles +/- from UNH and situated on 4 beautiful acres that are surrounded by 39 acres of conservation land! There are 3- 2 BR units and -8 1-BR units. Many of the current and past residents have been post grad students who enjoy the property's privacy and rural setting, but value its close proximity to campus. Also, all the units have private entrances and can have access to garden areas. All utilities are separated and all the apartments are heated with propane units and all except one has a propane HW and stove gas. The property is serviced by three septic systems and a private well. The 3- two BR's are rented for $800,$900 and $1,000,respectively; 6-1 BR units are rented for $800,one is rented for $775 and one is rented for $725. Development potential: Zoning regs attached
Year
Property tax
Land + Additions
Assessment*
2025
$21,868 (−5.1%)
$420,000 + $738,900
$1,158,900
2024
$23,036 (−0.7%)
$467,800 + $665,300
$1,133,100
2023
$23,206 (−0.7%)
$467,800 + $665,300
$1,133,100
2022
$23,368 (+4.8%)
$387,500 + $417,200
$804,700
2021
$22,289 (+0.7%)
$381,400 + $417,200
$798,600
2020
$22,145 (+1.1%)
$381,400 + $417,200
$798,600
2019
$21,906 (+2.4%)
$381,400 + $417,200
$798,600
2018
$21,402 (+3.7%)
$381,400 + $417,200
$798,600
2017
$20,648 (+3.1%)
$296,800 + $377,100
$673,900
2016
$20,035 (+8.2%)
$296,800 + $377,100
$673,900
2015
$18,519 (−1.8%)
$296,800 + $323,600
$620,400
2013
$18,866
$296,800 + $323,600
$620,400
Public record
Beds
14
Baths
11
Stories
2
Lot width
—
Lot depth
—
Lot size
4 Acres
Year renovated
—
Sq. Ft.
18,034
Year built
1880
Style
Multi-Family (5+ Unit)
County
Strafford County
APN
778283
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
Property details
Interior
Basement Information
Basement: Yes
Basement Access: Interior
Multi-Unit Information
Total Units: 11
# of 1 Bedroom Units: 8
# of 2 Bedroom Units: 3
Sewer: 1500+ Gallon, Private, Septic
Electric: 200 Amp
Roof: Shingle - Asphalt
Driveway: Common/Shared
Heating: Forced Air
Cooling: None
Basement Description: Dirt Floor
Exterior
Building Information
Architectural Style: Cape, Farmhouse
Construction Status: Existing
Construction Materials: Clapboard Exterior
Approximate Sq. Ft. Total Finished: 8221
Approximate Sq. Ft. Total: 19064
Color: Brick/whit
Lot, Zoning, & Easement Information
Lot: 14-1
Lot Features: Abuts Conservation, Near School(s)
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1880
Financial
Tax Information
Tax Year: 2024
Taxes TBD: Unknown
Other Tax Information
Page Deed: 9999
Utilities
Water Information
Water Source: Private
Other Utilities Information
Internet: Internet - Cable
Cable - Available, Gas - On-Site
Location
School Information
School District: Oyster River Cooperative
Elementary School: Mast Way School
Elementary School: Mast Way School
Middle/Jr School: Oyster River Middle School
School - High: Oyster River High School
Road Information
Road Frontage Type: Public Maintained Road
Road Frontage: Yes
Road Frontage Length: 999
Other Location Information
Directions: GPS
Block: 9999
Public facts
Beds: 14
Baths: 11.0
Sq. Ft.: 18,034
Stories: 2.0
Lot Size: 4 acres
Style: Multi-Family (5+ Unit)
Year Built: 1880
Year Renovated: —
County: Strafford County
APN: 778283
Home facts updated by county records on Aug 5, 2026
Other
Expense Information
Operating Expenses Include: Insurance, Maintenance, Trash, Utility, Water
Around this home
Schools
Oyster River Middle School
Public 5-8 • Assigned • 2.1mi
8/10
Oyster River High School
Public 9-12 • Assigned • 2.4mi
10/10
Provided by GreatSchools
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 98° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Durham, NH • 03824
Average low and high temperatures (°F)
31
16
34
16
48
29
57
38
67
48
80
59
85
64
82
57
75
52
64
42
50
33
36
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 8% for direct sun exposure in Durham. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.