Listed by Michelle Sullivan • The Gove Group Real Estate, LLC. Bought with Beach Homes Realty.
Off market jul 2025 for $675K
$717,502
8
bd
•
3 ba
•
4,001
sq ft
39 Chestnut St, Rochester, NH 03867
About this home
* * Continuing to Show - Actively Seeking Backup Offers * * EXCELLENT CASH FLOW!! This 3-unit multifamily generates over $75,000 ANNUAL GROSS INCOME with an 8.5% CAP RATE. Fully leased, this will be an easy transfer and a quick close is possible. Perfect opportunity for a first time investor or a 1031 Exchange. Sited on an open, level, corner lot this property offers over 4000 square feet of finished living space featuring updated kitchens, hardwood floors and vinyl siding, in addition to an extensive list of more recent improvements. Detached garage and ample off-street parking in addition to several designated public parking spaces on Waldron Ave. Excellent proximity to downtown, highways, hospitals, shopping & schools.
Multi-familyProperty Type
1901Year Built
0.29 acresLot Size
$179Est. Price/Sq.Ft.
1 car garageParking
Listed by Michelle Sullivan• The Gove Group Real Estate, LLC
This three-unit Victorian apartment building is on nice open oversize corner lot close to town. Unit A has 3 bedrooms, a large eat in kitchen with new cabinets and a partially finished basement. Unit B has 3-bedrooms on two floors with a new kitchen and Unit C is a townhouse style 2-bedroom with its own basement. Each unit has its own parking for 2 cars, washer and dryer hookup and an enclosed porch. Updated wiring, plumbing, a new roof and many other renovations done within the last 6 years. There is also an oversize detached 1-car garage with a separate workshop. There was a separate 3 car garage which may get approval for replacement if you pursue it. This would be a perfect owner-occupied property. (Broker interest)
PrimeMLS #111663
Nov 15, 2003
Sold
$265,000
$66/sq ft
Aug 6, 2003
Delisted
—
Aug 4, 2003
Listed
$249,900
$62/sq ft
WELL CARED FOR 3 UNIT. LG OWNER UNIT W/ OVERSIZED MBR, ENCL HEATED PORCH ATTACHED GARAGE. ADD`L INCOME FROM TWO 2 BR UNITS, SEPARATE UTIL. FULL BASEMENTS, 3 CAR DET GARAGE. VINYL SIDING REPLACEMENT WINDOWS. CITY WATER/SEWER. GOOD BACKYARD.
Year
Property tax
Land + Additions
Assessment*
2025
$7,477 (+10.6%)
$95,600 + $393,100
$488,700
2024
$6,763 (−9.4%)
$95,600 + $359,800
$455,400
2023
$7,465 (+1.8%)
$40,200 + $249,800
$290,000
2022
$7,331 (+2.5%)
$40,200 + $249,800
$290,000
2021
$7,149
$40,200 + $249,800
$290,000
2020
$7,147 (−1.2%)
$40,200 + $250,200
$290,400
2019
$7,231 (+6.3%)
$40,200 + $250,200
$290,400
2018
$6,800 (+4.5%)
$35,700 + $211,400
$247,100
2017
$6,506 (+18.9%)
$35,700 + $211,400
$247,100
2016
$5,474 (+17.6%)
$35,700 + $158,000
$193,700
2015
$4,653 (−9.2%)
$35,700 + $129,600
$165,300
2013
$5,127
$49,100 + $145,400
$194,500
Tax history for 39 Chestnut St
Year
Property tax
Land + Additions
Assessment*
2025
$7,477 (+10.6%)
$95,600 + $393,100
$488,700
2024
$6,763 (−9.4%)
$95,600 + $359,800
$455,400
2023
$7,465 (+1.8%)
$40,200 + $249,800
$290,000
2022
$7,331 (+2.5%)
$40,200 + $249,800
$290,000
2021
$7,149
$40,200 + $249,800
$290,000
2020
$7,147 (−1.2%)
$40,200 + $250,200
$290,400
2019
$7,231 (+6.3%)
$40,200 + $250,200
$290,400
2018
$6,800 (+4.5%)
$35,700 + $211,400
$247,100
2017
$6,506 (+18.9%)
$35,700 + $211,400
$247,100
2016
$5,474 (+17.6%)
$35,700 + $158,000
$193,700
2015
$4,653 (−9.2%)
$35,700 + $129,600
$165,300
2013
$5,127
$49,100 + $145,400
$194,500
*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
Beds
7
Baths
2
Stories
3
Lot width
—
Lot depth
—
Lot size
0.29 Acres
Year renovated
—
Sq. Ft.
3,479
Year built
1901
Style
Multi-Family (2-4 Unit)
County
Strafford County
APN
277801
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
R-2
Residential-2 District
The primary goals of the R Districts are: To enhance these older residential areas through sensitive, small-scale infill construction, building renovation, and redevelopment and To foster new development in remaining open areas.; The R2 District allows for a mix of residential types and limited nonresidential uses.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Property details
Parking
Parking & Garage
Garage Capacity: 1
Interior
Virtual Tour
Basement Information
Basement: Yes
Basement Access: Interior
Equipment & Appliance Information
Appliances: Water Heater–Natural Gas
Multi-Unit Information
Unit Lease Term: Annual
Total Units: 3
# of 2 Bedroom Units: 1
# of 3+ Bedroom Units: 2
# of Baths (full): 3
Sewer: Public
Electric: Circuit Breaker(s)
Roof: Shingle - Architectural
Driveway: Paved
Heating: Natural Gas, Baseboard, Electric, Gas Heater, Hot Water
Ceiling Fan, Dryer, Microwave, Range - Electric, Refrigerator, Washer
Unit 3 Information
Unit 3 Baths: 1
Unit 3 Bedrooms: 2
Ceiling Fan, Dryer, Range - Gas, Refrigerator, Washer
Unit 3 Lease Term: Annual
Exterior
Building Information
Architectural Style: Colonial
Construction Status: Existing
Construction Materials: Wood Frame, Vinyl Siding
Approximate Sq. Ft. Total Finished: 4001
Approximate Sq. Ft. Total: 4337
Color: White
Lot, Zoning, & Easement Information
Lot: 0000
Lot Features: City Lot, Corner, Landscaped, Level, Sidewalks, Street Lights
Income Information
Net Income: $61,217
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1901
Financial
Tax Information
Tax Year: 2024
Gross Amount Tax: 6893
Other Tax Information
Page Deed: 513
Utilities
Water Information
Water Source: Public
Other Utilities Information
Internet: High Speed Intrnt -Avail
Gas - On-Site
Location
Road Information
Road Frontage Type: Paved, Public
Road Frontage: Yes
Road Frontage Length: 129
Other Location Information
Directions: Route 16 to Exit 13 Turn right onto Washington, right onto Fairway, left onto Pine to stop sign then turn right onto Waldron St. Property is on the corner of Waldron & Chestnut.
Block: 0097
Public facts
Beds: 7
Baths: 2.0
Sq. Ft.: 3,479
Stories: 3.0
Lot Size: 0.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1901
Year Renovated: —
County: Strafford County
APN: 277801
Home facts updated by county records on Aug 5, 2026