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About the Listing 3296 - 003611
Investors take note! This high-performing, updated, and fully occupied 4-family sits just off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone significant improvements, including full renovations of the 2nd and 3rd floor units from the studs out. These modernized units enhance tenant appeal, support strong rents, and reduce ongoing maintenance needs. All four units are separately metered, with tenants responsible for their own heat, electricity, and hot water--keeping operating costs low and predictable. With a current NOI of $73,600 and a configuration that minimizes owner expenses, this building offers an efficient, easy-to-manage investment. Residents benefit from convenient access to the public library, local shops, cafés, and the growing mix of businesses and services within Berwick's downtown redevelopment district. As the corridor continues to evolve, demand for quality rental housing in this location remains strong. Whether you're seeking a reliable 1031 exchange option, a well-positioned addition to your portfolio, or a long-term hold in a market experiencing thoughtful revitalization, this property delivers a compelling blend of updated condition, full occupancy, and income performance. Seller is a Licensed NH Broker.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
1655901
Year Built
1920
Total Square Footage
2,638
Lot/Acreage
0.28
County
York
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Heat Pump,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2638
- Below Ground Sq Ft: 0
- Basement: Walk-Out Access,Exterior Only,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Intown,Near Town
- Garage Capacity: N/A
- Zoning: R1
- Roof: Composition,Metal
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved
Financial Details
- Tax Amount: $6,317
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
14 Charles St Berwick, ME 03901
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