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220 Broad St

Claremont NH 03743

12
5
8385 sq. ft.
10890 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Recently renovated and strong cash flowing five-unit building now available for sale on Claremont's most prestigious street. Set on a quarter acre lot nestled among law firms, stately homes, and overlooking Monadnock Park, the location of this property is second to none. The building is comprised of five large apartments including a huge first-floor two bedroom, one bath that features much of the original architectural features of the home. The four additional apartments are a mix of two-bedroom and three-bedroom units which have all received updates and are fully occupied. Several other major improvements have been completed including updated electrical panels and wiring, a roof replacement, replacement of much of the old drain lines with PVC, various fire code and egress upgrades, and substantial unit renovations. All units pay for their own electricity while the landlord is responsible for heating and hot water via two separate furnaces. The property supports a very strong cash flow and grosses over $115,000 annually based on the in-place rents and is estimated to have a true 10%+ cap rate. For a stabilized, turnkey investment providing potentially double digit returns, look no further than this opportunity to own 220 Broad Street. Broker Interest.

Features

12 bedrooms
5 bathrooms
8385 sq. ft. floor area
10890 sq. ft. lot size
Multi-Family

Property history for 220 Broad St

2025
Sold
$447,368
11 Aug 2025 by Viktoria Alkova, of Keller Williams Coastal Realty
2022
Sold
Undisclosed
20 May 2022
2020
Sold
$199,900
28 Oct 2020

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Local market activity for 12 bedroom multi families in Claremont

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