11 bedroom house for sale

Overview

Welcome to 366 Broad St, a rare multi-family offering in the heart of Little Harbor. This magnificent property, being presented to the market for the first time since 1964, embodies charm, versatility and exceptional investment potential. Situated on an impressive.85-acre lot, this 7 unit property is comprised of a turn-of-the-century main home with an attached carriage house, a detached single-family residence and a 4-car garage/outbuilding. Totaling 5, 194 sq ft of finished living space, the main building has three 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. The detached home is a 2-bedroom, 1-bath residence, perfect for additional rental income or private use. The owners have chosen to keep tenants in place with rents below market rates to foster long-term tenant relationships, resulting in low turnover. Currently, with several units vacant due to the property coming to market, there is a prime opportunity for new ownership to enhance units and potentially raise rents to market rates. Beyond its current use as a multi-unit rental property, the expansive lot size invites consideration for alternative development possibilities. Located just moments from Downtown Portsmouth, this property offers unparalleled convenience to the citys vibrant shops, restaurants and cultural amenities. This is a rare opportunity to acquire a 7-unit property of this caliber with substantial lot size and proximity to downtowna true gem in Portsmouths real estate market.