Listed by Kirstin Stallkamp • Bean Group / Portsmouth. Bought with EXP Realty.
Off Market Jul 2022 for $600K
$773,774
Est. refi paymentEst. refi$2,442/mo
6
bd
•
2 ba
•
2,294
sq ft
27 Mill Pond Rd, Durham, NH 03824
About this home
This old barn converted into student housing is a great opportunity to own a duplex just a short walk from UNH's campus and all the amenities of downtown Durham. Both side-by-side units are tenant occupied with current leases through 5/25/22 and new leases starting 6/18/22-5/21/2023. Tenants pay for electric. Units A and B each rent to three students. Current and future leases available for review. Units include large living rooms and eat-in kitchens, three bedrooms, one full bath each, with laundry in each unit. The property has a great back yard as well that abuts Mill Pond Park. Plenty of storage space available. Off-street parking on private road. Great investment opportunity! There will be no showings the weekend of 5/14-5/15.
Multi-familyProperty Type
1900Year Built
0.57 acresLot Size
$337Est. Price/Sq.Ft.
Listed by Kirstin Stallkamp• Bean Group / Portsmouth
* * Investors Take Note * * Great opportunity to own a 2 family walking distance to campus and downtown. This two unit building was once a dairy barn. Converted to student housing with each side allowing for no more than 3 unrelated persons. Current lease on side A with same students until May 2021 at $700/student. Lease on side B expires May 26, 2020 and a new lease is in place at $725/student starting Jun 2020-May 2021. Leases provided upon request. These rents are on the lower end for rentals in Durham. Owner pays all utilities and shares in plowing with neighbors. To access the property there is a shared driveway with three other homes. There are 6 parking spaces in front of the building. Both units can access separate attic space used for storage by tenants and landlord. Due to Consent Decree the over 1000 SF of attic space can not be converted to additional living space but can be used as storage. Numerous upgrades have occurred in past 8 years including: new roof, new siding, new windows in attic space, some bedrooms have new egress windows, water heater, washer/dryers and fence. Showings begin at Open Houses Saturday 2/1 11-1pm and Sunday 2/2 11:30-1:30.
PrimeMLS #4096154
Dec 21, 2011
Sold
$295,000
$129/sq ft
Sep 30, 2011
Listed
$310,000
$135/sq ft
Great investment property in the heart of downtown Durham, this duplex is side by side. Each side rents to 3 students, tenants pay their own utility. Good rental history.
Year
Property tax
Land + Additions
Assessment*
2025
$12,152 (+7.8%)
$317,400 + $326,600
$644,000
2024
$11,277 (−8.8%)
$321,000 + $233,700
$554,700
2023
$12,360 (+20.5%)
$321,000 + $282,500
$603,500
2022
$10,257 (+3.3%)
$155,000 + $198,200
$353,200
2021
$9,928 (+0.6%)
$157,500 + $198,200
$355,700
2020
$9,864 (+1.1%)
$157,500 + $198,200
$355,700
2019
$9,757 (+2.3%)
$157,500 + $198,200
$355,700
2018
$9,533 (+1.4%)
$157,500 + $198,200
$355,700
2017
$9,400 (+3.1%)
$132,000 + $174,800
$306,800
2016
$9,121 (−0.4%)
$132,000 + $174,800
$306,800
2015
$9,158 (−1.4%)
$132,000 + $174,800
$306,800
2013
$9,287
$101,600 + $203,800
$305,400
Tax history for 27 Mill Pond Rd
Year
Property tax
Land + Additions
Assessment*
2025
$12,152 (+7.8%)
$317,400 + $326,600
$644,000
2024
$11,277 (−8.8%)
$321,000 + $233,700
$554,700
2023
$12,360 (+20.5%)
$321,000 + $282,500
$603,500
2022
$10,257 (+3.3%)
$155,000 + $198,200
$353,200
2021
$9,928 (+0.6%)
$157,500 + $198,200
$355,700
2020
$9,864 (+1.1%)
$157,500 + $198,200
$355,700
2019
$9,757 (+2.3%)
$157,500 + $198,200
$355,700
2018
$9,533 (+1.4%)
$157,500 + $198,200
$355,700
2017
$9,400 (+3.1%)
$132,000 + $174,800
$306,800
2016
$9,121 (−0.4%)
$132,000 + $174,800
$306,800
2015
$9,158 (−1.4%)
$132,000 + $174,800
$306,800
2013
$9,287
$101,600 + $203,800
$305,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Dryer, Heat - Oil, Heat Included, Hot Water, Range - Electric, Refrigerator
Unit 1 Lease Term: Annual
Unit 1 Level Number: 1
Unit 1 Rooms: 5
Unit 2 Information
Unit 2 Baths: 1
Unit 2 Bedrooms: 3
Dryer, Heat - Oil, Heat Included, Hot Water, Range - Electric, Washer
Unit 2 Level Number: 1
Unit 2 Rooms: 5
Exterior
Building Information
Construction Status: Existing
Approximate Sq. Ft. Total Finished: 2294
Approximate Sq. Ft. Total: 4198
Color: Grey
Lot, Zoning, & Easement Information
Lot: 3
Easements: Yes
City Lot, Country Setting, Rental Complex, Trail/Near Trail, View, Walking Trails
Income Information
Net Income: $43,669
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1900
Financial
Assessment Information
Assessment Amount: 355700
Assessment Year: 2021
Tax Information
Tax Year: 2021
Gross Amount Tax: 9928
Other Tax Information
Page Deed: 233
Financing Information
Current: Conventional
Possible Options: 1031 Exchange, Cash, Conventional
Utilities
Electric Information
Electric Company: Eversource
Other Utilities Information
Cable Company: XFinity
Cable - Available, Internet - Cable
Varies
Location
Homeowners Association
Monthly
Heat, Hot Water, Plowing, Sewer, Water
School Information
School District: Oyster River Cooperative
Neighborhood Information
Abuts Conservation, Adjoins State or National Forest, In Town, Neighborhood, Near Public Transportatn
Road Information
Road Frontage: Yes
Road Frontage Length: 0
Easement/ROW, Privately Maintained
Other Location Information
Directions: Starting in the center of downtown Durham, drive down 108 and turn onto Mill Pond Road. Property is on the left. Please park on street and walk down shared driveway.
Block: 8
Public facts
Beds: 6
Baths: 2.0
Sq. Ft.: 5,968
Stories: 2.0
Lot Size: 0.46 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Strafford County
APN: 779358
Home facts updated by county records on Aug 5, 2026
Other
Expense Information
Net Income: 43669
Operating Expenses Include: Heat, Insurance, Maintenance, Snow, Utility, Water