Cash flow, upgrades, and awesome tenants—this three-unit property features a potential cap rate over 15%. Boasting large apartments totaling 3,508 square feet, there is also a top floor ready for a potential additional unit or expansion. Tour the units to experience updates throughout, including newer flooring, kitchens with granite countertops, stainless steel appliances, and in-unit washers and dryers that stay with the building. The bathrooms have also been refreshed with newer flooring, tubs, and vanities. The building itself is well-maintained, boasting a newer metal roof, some updated windows, and recent exterior doors and heating systems. Outside, tenants have ample parking. A detached garage with an automatic electric door and workshop sits on the property, which is gated for privacy. The seller appreciates the corner lot, separate utilities, and tenants with a strong rental history, all backed by full security deposits.Tenants enjoy being on a quiet street located close to city restaurants, convenient commutes, parks, schools and more. PRIVATE showings on Friday 4-6PM & Saturday 11-1PM & Monday 4-6PM
Closed
Listed by: RE/MAX Shoreline • Andy Yau
Bought with: RE/MAX Shoreline
$500,000
46-48 Lafayette Street, Rochester, NH 03867
7beds
3baths
3,508sqft
Multi Family
Built in 1901
-- sqft lot
$503,900 Zestimate®
$143/sqft
$2,494 Estimated rent
Home value
$503,900
$423,000 - $600,000
$2,494/mo
Zestimate® history
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List your homeWhat's special
Ample parkingNewer flooringUpdated windowsNewer metal roofStainless steel appliancesKitchens with granite countertopsGated for privacy
Zillow last checked:
Listing updated:
Listed by:
Andy Yau,
RE/MAX Shoreline 603-431-1111
Bought with:
Andy Yau
RE/MAX Shoreline
Source: PrimeMLS,MLS#: 5078812
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- Other
Features
- Basement: Full,Walk-Out Access
Interior area
- Total structure area: 3,508
- Total interior livable area: 3,508 sqft
- Finished area above ground: 3,508
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Paved
- Garage spaces: 1
Features
- Levels: 3
Lot
- Size: 6,534 Square Feet
- Features: Corner Lot
Details
- Parcel number: RCHEM0124B0049L0000
- Zoning description: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Brick, Stone
- Roof: Metal
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $143/sqft
- Tax assessed value: $356,200
- Annual tax amount: $5,290
- Date on market: 3/10/2026
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Sold | $500,000+2%$143/sqft |
Source:  PrimeMLS #5078812 Report a problem | ||
| 3/10/2026 | Listed for sale | $490,000+227.7%$140/sqft |
Source: PrimeMLS #5078812 Report a problem | ||
| 5/21/2018 | Sold | $149,533-3.5%$43/sqft |
Source: Public Record Report a problem | ||
| 10/10/2017 | Listing removed | $154,900$44/sqft |
Source: Portsmouth #4655467 Report a problem | ||
| 10/2/2017 | Price change | $154,900-3.1%$44/sqft |
Source: Portsmouth #4655467 Report a problem | ||
| 8/24/2017 | Listed for sale | $159,900+99.9%$46/sqft |
Source: Keller Williams Coastal Realty #4655467 Report a problem | ||
| 1/23/2009 | Sold | $80,000-66.2%$23/sqft |
Source: Public Record Report a problem | ||
| 2/6/2006 | Sold | $237,000+264.6%$68/sqft |
Source: Public Record Report a problem | ||
| 10/28/1996 | Sold | $65,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,290 +6.7% | $356,200 +84.8% |
| 2023 | $4,960 +1.8% | $192,700 |
| 2022 | $4,871 +2.5% | $192,700 |
| 2021 | $4,750 +0.1% | $192,700 -0.1% |
| 2020 | $4,747 -1.2% | $192,900 |
| 2019 | $4,803 +5.7% | $192,900 +16.8% |
| 2018 | $4,546 +4.5% | $165,200 |
| 2017 | $4,350 -1.3% | $165,200 +5.9% |
| 2016 | $4,409 +0.4% | $156,000 |
| 2015 | $4,391 +2.5% | $156,000 |
| 2014 | $4,285 -10.8% | $156,000 -14.4% |
| 2013 | $4,805 +2.6% | $182,300 |
| 2012 | $4,681 +3.3% | $182,300 |
| 2011 | $4,532 +0.5% | $182,300 -3.4% |
| 2010 | $4,510 +20.9% | $188,800 +16.1% |
| 2009 | $3,730 -20.4% | $162,600 -30.7% |
| 2008 | $4,688 -5.8% | $234,500 -13.6% |
| 2006 | $4,979 | $271,500 |
Find assessor info on the county website
Neighborhood: 03867
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Nearby schools
GreatSchools rating
- 7/10Maple Street Magnet SchoolGrades: K-5Distance: 0.2 mi
- 3/10Rochester Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Spaulding High SchoolGrades: 9-12Distance: 0.8 mi
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- New Hampshire
- Strafford County
- Rochester
- 03867
- 46-48 Lafayette Street
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