Here is an exceptional investment opportunity consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham, NH. This turn-key asset features 8 spacious residential units, town approved for 27 student beds, and 40 on-site parking spaces, offering a unique combination of cash flow, location, and flexibility. A great Investment offering an 8.36% Cap Rate!
Active
Listed by:
Paula Igoe,
Arthur Thomas Properties 603-413-6175
$2,750,000
275-279 Mast Road, Durham, NH 03824
--beds
--baths
8,484sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$324/sqft
$-- HOA
What's special
Modern well-maintained multifamily buildings
- 284 days |
- 481 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: February 05, 2026 at 01:40pm
Listed by:
Paula Igoe,
Arthur Thomas Properties 603-413-6175
Source: PrimeMLS,MLS#: 5040821
Tour with a local agent
Facts & features
Interior
Heating
- Natural Gas, Hot Water
Cooling
- None
Features
- Basement: Crawl Space,Partial,Walk-Up Access
Interior area
- Total structure area: 8,484
- Total interior livable area: 8,484 sqft
- Finished area above ground: 8,484
- Finished area below ground: 0
Property
Parking
- Total spaces: 21
- Parking features: Paved, On Site, Parking Spaces 21+
Features
- Levels: Two
Lot
- Size: 1.97 Acres
- Features: Field/Pasture, Level, Secluded, Near Shopping, Near Public Transit
Details
- Parcel number: DRHMM9B20L
- Zoning description: MUDOR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Concrete
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Drilled Well
- Utilities for property: Gas at Street
Community & HOA
Location
- Region: Durham
Financial & listing details
- Price per square foot: $324/sqft
- Tax assessed value: $1,111,500
- Annual tax amount: $37,664
- Date on market: 5/14/2025
Estimated market value
Not available
Estimated sales range
Not available
$2,695/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2025 | Price change | $2,750,000-6.8%$324/sqft |
Source:  PrimeMLS #5040821 Report a problem | ||
| 5/14/2025 | Listed for sale | $2,950,000+34.1%$348/sqft |
Source: PrimeMLS #5040821 Report a problem | ||
| 7/28/2020 | Sold | $2,200,000$259/sqft |
Source: PrimeMLS #4803882 Report a problem | ||
| 5/6/2020 | Listed for sale | $2,200,000+434.6%$259/sqft |
Source: Bean Group / Portsmouth #4803882 Report a problem | ||
| 5/21/2015 | Sold | $411,533$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $30,822 | $1,111,500 |
| 2023 | $30,822 | $1,111,500 |
| 2022 | $30,822 | $1,111,500 |
| 2021 | $30,822 | $1,111,500 |
| 2020 | $30,822 +1.1% | $1,111,500 |
| 2019 | $30,488 +2.3% | $1,111,500 |
| 2018 | $29,788 +6.4% | $1,111,500 +21.6% |
| 2017 | $28,005 +3.1% | $914,000 |
| 2016 | $27,173 -0.4% | $914,000 |
| 2015 | $27,283 -2.2% | $914,000 |
| 2014 | $27,895 +7.5% | $914,000 +7.1% |
| 2013 | $25,952 +25.7% | $853,400 +16.6% |
| 2011 | $20,640 +123.9% | $731,900 +116.6% |
| 2010 | $9,218 | $337,900 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$18,124/mo
Principal & interest
$14182
Property taxes
$3942
Climate risks
Neighborhood: 03824
Nearby schools
GreatSchools rating
- 8/10Oyster River Middle SchoolGrades: 5-8Distance: 1.2 mi
- 10/10Oyster River High SchoolGrades: 9-12Distance: 1.4 mi
- 7/10Moharimet SchoolGrades: K-4Distance: 1.5 mi
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