An exceptional investment opportunity in the heart of Durham, consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham. This turn-key asset features 8 spacious residential units with 22 bedrooms and town approval for up to 27 student beds, offering a unique combination of strong cash flow, prime location, and future flexibility. The property also includes 40 on-site parking spaces, a rare amenity in this highly desirable rental market. A strong investment opportunity with a projected 8.46% cap rate, this property presents a solid, long-term investment in one of New Hampshire’s most sought-after college communities.
Active
Listed by: Arthur Thomas Properties
$2,750,000
275-279 Mast Road, Durham, NH 03824
--beds
--baths
8,484sqft
Multi Family
Built in 2010
-- sqft lot
$2,577,800 Zestimate®
$324/sqft
$-- HOA
What's special
- 33 days |
- 231 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Paula Igoe,
Arthur Thomas Properties 603-413-6175
Source: PrimeMLS,MLS#: 5087830
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Full bathrooms: 8
Heating
- Natural Gas, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Hardwood, Tile
- Basement: Full,Slab,Interior Access,Exterior Entry,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: Level, Secluded, Trail/Near Trail, Near Shopping, Near Public Transit, Near School(s)
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: 2010
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Drilled Well
- Utilities for property: Underground Gas
Community & HOA
Location
- Region: Durham
Financial & listing details
- Price per square foot: $324/sqft
- Tax assessed value: $1,111,500
- Annual tax amount: $37,683
- Date on market: 5/8/2026
Estimated market value
$2,577,800
$2.45M - $2.71M
$2,714/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $2,750,000$324/sqft |
Source:  PrimeMLS #5087830 Report a problem | ||
| 3/31/2026 | Listing removed | $2,750,000$324/sqft |
Source: PrimeMLS #5040821 Report a problem | ||
| 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
| 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 | $337,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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: 1.6 mi
Schools provided by the listing agent
- Middle: Oyster River Middle School
- High: Oyster River High School
- District: Oyster River Cooperative
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New Hampshire
- Strafford County
- Durham
- 03824
- 275-279 Mast Road
Nearby cities
Nearby zip codes
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