by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Newmarket 03857
2 Elm Drive
Listed by: Gerry OConnell, KW Coastal and Lakes & Mountains Realty/Dover, Selling Office: KW Coastal and Lakes & Mountains Realty/Dover, Listing Courtesy of Prime MLS
$250,000
● Land - Off Market

2 Elm Drive

Newmarket, NH 03857
bedrooms
Studio
bathrooms
0 Bath
$495,212
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Vacant waterfront Parcel ripe for development opportunity. Potential for up to 11 units with 355 feet of frontage on Lamprey River. Great in-town location. Access via 227 ft of frontage on Nichols Ave., plus 50ft ROW through abutting parcel. Walk to downtown Newmarket with great amenities, and stroll along this Riverfront town. Excellent dining / food choices along with a vibrant art and music scene have made Newmarket a destination for residents of the Great Bay Area and beyond.Can be purchased together with the two abutting multi-family properties. See MLS numbers 4399723 and 4299725 for details.
Unit Size
-
Days on Market
-
Land Size
1.88 acres
Price per sqft
-
Property Type
Land
Property Taxes
$496
HOA Dues
-
Year Built
1827

Payment Calculator (Computations Provided by RealtyHop)

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4399726)

Price History

Date / Event Date Event Price
Dec 18, 2015 Sold
Premium
Sold
Jun 15, 2015 Sold
Premium
Sold
Jan 18, 2015 Listed by KW Coastal and Lakes & Mountains Realty/Dover $279,000
Listed by KW Coastal and Lakes & Mountains Realty/Dover

Property Highlights

Building Info

Overview

    General

  • Year Built: 1827
  • Effective Year Built: 1827
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 9
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 8
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,556
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,947
  • Total Building Area: 5,278
  • Gross Building Area: 9,234
  • Building Area: 5,278
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 5,278
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000756
  • Standard Land Use Code: 1112
  • County Land Use Code: 111

Neighborhood

  • School District Name: Newmarket School District
  • School Tax School District: NEWMARKET
  • Census Tract: 067502

Zoning

  • Zoning: M2A

Geography

  • Account Number: 1382
  • Parcel: NMAR M:U2 B:249 L:
  • Block: 249
  • Municipality: NEWMARKET
  • Latitude: 43.0819
  • Longitude: -70.9356

    Address

  • Full Address: 2 Elm St
  • Address - House Number: 2
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: NH
  • City Name: Newmarket
  • Carrier Code: C002
  • 4-Digit Zip Code: 1200
  • Zip Code: 03857

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,807,400

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 62
  • Final Value: 998,230
  • High Value: 1,185,389
  • Low Value: 811,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $612,900
  • Assessed Land Value: $187,300
  • Assessed Improvements Value: $425,600

    Sales

  • Current Sale Recording Date: Jun 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newmarket

Stats & Trends

Median Asking:

$589,900

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2944 ft²

Average Home Age

70.5 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Gerry OConnell, KW Coastal and Lakes & Mountains Realty/Dover
Last Updated Date: 2015-12-22
Last Checked: 9 hours ago
Data Source: Prime MLS, MLS# 4399726
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2 Elm Drive built and last sold?
The property at 2 Elm Drive was built in 1827 and last sold on Jan 1, 1970 for $700,000.
How much is this home worth?
The estimated value of the home located at 2 Elm Drive is $281,790.
What are some comparable homes to 2 Elm Drive?
There are currently no comparable homes to 2 Elm Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Newmarket Homes for Sale
Newmarket Houses for Sale
Newmarket Condos for Sale
Newmarket Townhouses for Sale
Newmarket Multifamily for Sale
Newmarket Land for Sale
Newmarket Commercial for Sale
Newmarket Homes with Basements
Nearby Cities
Portsmouth Homes for Sale
South Eliot Homes for Sale
Epping Homes for Sale
Newfields Homes for Sale
Nearby Property Records
Rockingham County, NH Property Records
Strafford County, NH Property Records
Essex County, MA Property Records
York County, ME Property Records
Belknap County, NH Property Records
Merrimack County, NH Property Records
Hillsborough County, NH Property Records
Middlesex County, MA Property Records
Nearby Counties
Portsmouth Homes for Sale
Stratham Homes for Sale
Epping Homes for Sale
Durham Homes for Sale
Nottingham Homes for Sale
Greenland Homes for Sale
Lee Homes for Sale
Newfields Homes for Sale
Top Real Estate Agents
Top Agents in Newmarket
Top Agents in 03801
Top Agents in Portsmouth
Top Agents in Portsmouth
Top Agents in Stratham
Top Agents in Epping
Top Agents in 03042
Top Agents in 03857