Listed by Jack Garber • Coldwell Banker Realty Nashua (Cell: 603-274-9010).
Contingent
$475,000
Est. $3,478/mo —
5
bd
•
4 ba
•
2,790
sq ft
305 Richmond Rd, Winchester, NH 03470
About this home
ATTENTION INVESTORS! Fully occupied 4-unit apartment building with a strong rental history and excellent income potential at 305 Richmond Road, Winchester, NH. This well-maintained multi-family property is located near the Massachusetts border, offering convenient access for commuters and tenants from both states. The property includes four residential units that are currently 100% occupied with reliable long-term tenants. It also features two separate income-producing workshop/garage spaces that provide additional revenue streams and enhance overall cash flow. Recent major capital improvements include a brand new roof, newly replaced rear stairs and decking, a fully replaced leach field, and septic connections to the two 1,000-gallon tanks that were serviced and replaced where needed. These updates ensure the property is in excellent condition and reduce future maintenance costs for the new owner. Tenants pay their own heat, hot water, and electricity, which keeps operating expenses low. This property has consistently delivered positive cash flow to the current owner, and keeping it occupied has never been an issue thanks to strong local demand. Current rents are below market rate and the leases are expiring, creating an immediate upside opportunity for a new owner to implement market-rate increases and boost net operating income right away. Whether you are an experienced investor looking to add a turnkey, low-maintenance asset to your portfolio or a buyer seeking a solid, cash-flowing property with built-in equity through recent upgrades, 305 Richmond Road is worth serious consideration. Priced to attract serious investors — schedule your showing today and see the value for yourself. Whether investor-owned or owner-occupied, 305 Richmond Road is a super income generator and can be yours with pride. This property is not going to last long!
Multi-familyProperty Type
1983Year Built
1 acresLot Size
$170Price/Sq.Ft.
Listed by Jack Garber• Coldwell Banker Realty Nashua
Have you been looking for a great investment opportunity??? This is the one you have been waiting for!!! This home offers 4 fully rented units, with long term tenancy (all tenants have a month-to-month rental agreement). An additional massive garage (perfect for mechanics, tradesmen or collectors) is currently rented out adding to the cash flow with endless opportunities for additional expansion or rental options!!Use it for yourself or rent it out!!! All utilities are separate, and tenant paid. Property has been very well maintained inside and out, with upgrades too all units regularly, a new leach field, and updated electrical and plumbing! Take another look at this property today!
PrimeMLS #1
Jan 28, 2016
Price Changed
$275,000
$99/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$7,593 (−7.7%)
$53,200 + $206,400
$259,600
2023
$8,224 (+10.4%)
$53,200 + $206,400
$259,600
2022
$7,451 (−9.7%)
$53,200 + $206,400
$259,600
2021
$8,253 (+10.5%)
$53,200 + $206,400
$259,600
2020
$7,469 (−3.8%)
$53,200 + $206,400
$259,600
2019
$7,762 (+2.6%)
$39,900 + $177,900
$217,800
2018
$7,564 (+12.4%)
$39,900 + $177,900
$217,800
2016
$6,729 (−1.0%)
$39,900 + $180,500
$220,400
2015
$6,795 (−9.4%)
$39,900 + $182,300
$222,200
2013
$7,501
$45,100 + $199,000
$244,100
Public record
Beds
5
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
3,155
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,155
Year built
1983
Style
Other
County
Cheshire County
APN
512936
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
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
3/10 Heat Factor
7 days above 94° expected this year, 17 days in 30 years
4/10 Wind Factor
12% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Winchester, NH • 03470
Average low and high temperatures (°F)
29
13
33
14
48
27
59
36
67
47
78
56
83
63
80
55
74
50
62
39
48
31
34
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 305 Richmond Rd
$465,608
$9,392 under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $361K to $570K.