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Richard Hinds, Jr

rhinds@reishomesearch.com +1(508) 269-5646

$ 999,900

Est. payment -/mo

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Price Dropped by $100K

3 Pearl St Plymouth, NH 03264

16 Beds

5.5 Baths

5,548 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 5,548 sqft

Price per Sqft $180

MLS Listing ID 73528150

Bedrooms 16

Full Baths 5

Half Baths 1

Year Built 1890

Annual Tax Amount $10,738

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type 5+ Family - Rooming House

Property Description

Turnkey high-cash-flow business & real estate opportunity, fully occupied and leased through May 2027. This legal 5,500+ SF 16-bedroom, 5.5-bath property bordering the PSU campus is currently operating as all-inclusive student housing. The property offers strong in-place income, consistent occupancy history, & an estimated cap rate over 10% based on 2026 projected income and expenses, including management. Private furnished bedrooms are designed for efficient shared living and feature keypad locks, individual Nest thermostats and blackout blinds, with many offering mini fridges and additional built-in cabinet space. Occupants enjoy a community kitchen with plenty of cabinet space, 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher, small appliances and dishes, business-class Wi-Fi, premium cable and a reverse-osmosis water dispenser. Commercial-grade laundry room with 2 card/app-operated washers & 2 gas dryers. Extensive renovations in 2017/2018 include efficient supplemental electric wall units, with a new FHW oil boiler in 2023, metal roof on part of the building and vinyl replacement windows. Much of the electrical and plumbing has been upgraded. Remote-management systems include Nest thermostats, Nest smoke detectors and Ring cameras. Sale includes furniture, household goods, all kitchen appliances and amenities, TV, printer and more. Acquire a stabilized, fully operational housing asset with strong rental demand, modern building systems, and low-lift property management with remote systems in place.

Location

State NH

County Grafton

Zoning VC

Direction GPS

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Upgraded Cabinets, Upgraded Countertops, Internet Available - Fiber-Optic, Living Room, Dining Room, Kitchen, Laundry Room

Heating Baseboard, Electric, Wall Unit, Propane

Cooling None

Flooring Wood, Tile, Vinyl, Laminate

Appliance Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer

Laundry Gas Dryer Hookup, Washer Hookup

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, University

Utilities Available for Electric Range, for Electric Oven, for Gas Dryer, Washer Hookup

Roof Type Shingle,Metal

Total Parking Spaces 16

Garage No

Building

Lot Description Corner Lot, Sloped

Story 2

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Aluxety

Richard Hinds, Jr

Broker Associate License ID: 9577552

+1(508) 269-5646

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Richard Hinds, Jr

3 Pearl St Plymouth, NH 03264

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3 Pearl St