Listed by: Steve Trefethen, Summerview Real Estate, LLC, Selling Office: Summerview Real Estate, LLC, Listing Courtesy of Prime MLS
$1,400,000
●
Multifamily -
Off Market
24 Crescent Street #MULTI
Derry, NH 03038
Studio
0 Bath
7,422 Ft²
$1,500,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Beautifully remodeled kitchens & baths along with stunning hardwood
floors. New roof only 1 year old, new driveways paint and garage
doors! 12,324 sq ft Gross area, High Quality Building Across the
street from Pinkerton High School.7,422 sq. ft of living space,
includes 6 garages , hardwood floors, and custom built-ins,
Victorian Hall ways. Easily set up and sold as condos. Next to
Newell Meadows and ALWAYS full!! Don't miss out! 8%
NOI. Rents 20-35% below todays market rent. Owner Broker owned
Possible Owner Finance Down, 25 t0 40 years 7% Good credit &
history with lots of experience in the rental business. Total gross
annual inc $121,155.00 $95,000 NOI see full income,
expense and term sheet IN DISCLOSURES ATTACHED attached
Unit Size
7,422 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$202
Property Type
Multifamily
Property Taxes
$1,200
HOA Dues
-
Year Built
1880
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Cap Rate Calculator
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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 #4961782)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 9, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | Listed by Summerview Real Estate, LLC | $1,500,000 | |
| Listed by Summerview Real Estate, LLC | |||
Property Highlights
Parking Available
Garage
Parking Details
Has Garage
Parking Features: Assigned, Garage, Parking Spaces 11 - 20, Paved, Underground
Garage: 6 Spaces
Interior Details
Unit 1 Bedrooms: 3
Unit 2 Bedrooms: 1
Unit 3 Bedrooms: 2
Unit 4 Bedrooms: 1
Unit 5 Bedrooms: 2
Unit 6 Bedrooms: 2
Unit 7 Bedrooms: 2
Quarter Bathrooms: 2
Appliances: Water Heater – Off Boiler
Has Basement: Yes
Exterior Details
Construction Status: Existing
Roof: Shingle - Asphalt
Exterior Features: Fence - Dog, Fence - Partial, Garden Space, Patio, Porch - Covered
Lot Features: Corner, Level
Lot Size Acres: 0.32
Lot Sqft: 13939
Financial Details
Taxes Gross Amount: $14,400
Utilities Details
Heating Type: Hot Air, Steam
Cooling Type: None
Sewer Features: Public
Water Source: Public
Location Details
Location: I-93 exit 4 to the Derry circle to Pinkerton Street on left, or exit 5 left on Tsinnetto Road, right on Pinkerton Street on right.
Zoning Information: Multi
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/18/2023
| |
Loft
|
7 Bath
|
7422 ft²
|
$1,400,000
Loft
7 Bath
7422 ft²
|
$1,400,000
11/09/2023
|
Stephen Trefethen
Summerview Real Estate, LLC
|
|
07/18/2023
|
Studio
|
-
|
7422 ft²
|
$1,500,000
Studio
-
7422 ft²
|
$1,400,000
-6.67%
11/09/2023
|
Steve Trefethen
Summerview Real Estate, LLC
| |
|
09/10/2010
|
13 Bed
|
7 Bath
|
7422 ft²
|
-
13 Bed
7 Bath
7422 ft²
|
-
-
|
Laura Trefethen
Summerview Real Estate, LLC
|
Building Info
About Derry
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Listed by: Steve Trefethen, Summerview Real Estate, LLC
Last Updated Date: 2023-11-10
Last Checked: 7 hours ago
Data Source: Prime MLS, MLS# 4961782
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.
Last Updated Date: 2023-11-10
Last Checked: 7 hours ago
Data Source: Prime MLS, MLS# 4961782
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