12 Grondin Drive is a three-story, eight (8) unit residential building containing eight (8) 2-Bedroom/1-Bathroom units with 10,800 square feet of gross living area situated on a 0.69-acre parcel in Farmington, New Hampshire. The Property is separately metered for electricity which the tenants pay directly. The Landlord is responsible for trash and recycling removal. Off-street parking is available on site. The Property is 100% occupied and was substantially renovated in 2025 with over $133,000 in capital improvements. In-place gross scheduled rent is $13,150 per month ($157,800 annually) across units ranging from $1,350 to $1,825 per month. Net Operating Income is $98,840 reflecting a 7.19% capitalization rate at the asking price of $1,375,000 ($171,875 per unit). An adjacent 3.16-acre parcel is available separately at $70,000 and may be acquired in combination with the building upon request. Showings by appointment only. Do not disturb occupants.
INVESTORS DREAM! 4-UNITS FULLY OCCUPIED WITH LEASES IN PLACE! Completely renovated 4-unit multifamily on approximately 1 acre is a lucrative turnkey investment opportunity with expansion potential for 4 additonal units! Originally built in 1988 and thoughtfully converted from a single-family, this property now features four spacious 2-bedroom, 1-bath units, each updated for modern living and low-maintenance ownership. All units include brand new stainless steel appliances, flooring, paint, plumbing and electrical fixtures, and individual Navien high-efficiency propane combi boilers. Additional upgrades include vinyl windows, exterior doors, new exterior stairs and landings, and separate electrical panels. Each unit offers open-concept kitchen/living space, in-unit laundry hookups, and dual front/rear entrances. Unit layouts include approximately 1,125 SF (one with bonus flex space), 1,082 SF, 991 SF, and 832 SF, providing a range of comfortable living options. Property features vinyl siding, public water and sewer, a large paved parking area, and fire-rated separation between units. Propane tanks onsite (2 per unit, via Eastern Propane). Value-add potential includes basement storage rental income, possible condominium conversion, and opportunity to develop additional units (buyer to verify). Located in a flexible zoning district allowing multiple uses. Turnkey condition with strong income potential and future upside.
Exceptional investment opportunity! This well-maintained 4 unit multi-family property is a turnkey addition to any portfolio or an ideal owner-occupied investment. The building features one comfortable 2-bedroom, 2 bath apartment and 3 spacious 1-bedroom, 1-bath units, all thoughtfully updated in recent years. Unit 1, a sunny one bedroom unit spanning the first and second floor has just undergone a complete renovation, offering fresh modern finishes. Set on a generous 0.50-acre lot, the vinyl-sided property boasts frontage on both Tappan Street and Maple Street providing convenient access and added appeal. A paved driveway and ample parking accommodate tenants with ease, while the bonus detached 4-car garage offers excellent potential for additional storage, workshop space, or rental income. The partially fenced, landscaped yard enhances the property's curb appeal and outdoor enjoyment. Conveniently located just minutes from Route 11, shopping, dining and everyday amenities,this income-producing property combines strong rental potential with a desirable location.
Farmington is located in New Hampshire. Farmington, New Hampshire has a population of 6,748. Farmington is less family-centric than the surrounding county with 23.43% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Farmington, New Hampshire is $60,271. The median household income for the surrounding county is $76,560 compared to the national median of $69,021. The median age of people living in Farmington is 42.7 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 11.9 degrees. The average rainfall is approximately 51.2 inches per year, with 54 inches of snow per year.
