Share this with your friends
(603) 382-7979
Real Estate Company
120 Elm St, Keene, NH 03431
- $399,900
- 2,143
- SqFt
Listing courtesy of Kristi Whitten from Keller Williams Realty-Metropolitan. ()
- List Price
- $399,900
- Status
- ACTIVE
- MLS#
- 5113927
- Subtype
- Residential Income
- Style
- Multi-Family
- Year Built
- 1880
- Living Area
- 2,143
- Lot Size
- 6,098
- Acres
- 0.14
Property Description
Here’s a well-positioned multi-family opportunity in the heart of Keene. 120 Elm Street offers three residential units across 2,142 square feet, with projected gross rents of $4,945 per month ($59,340 per year) and an impressive 11% cap rate. The two 2-bedroom units are currently leased at $1,100 and $1,645 per month. The spacious first-floor 3-bedroom unit is vacant and projected to rent at $2,200 per month, so a new owner can choose their own tenant or move in and live in one unit while the other two help cover the mortgage. The gap between the two 2-bedroom rents also suggests room to raise rent over time. A brand-new heating system serves all three units, giving you peace of mind and lower near-term capital costs. Each unit has its own electric meter, so tenants pay their own electricity. A shared first-floor laundry area and off-street parking add convenience for residents and lasting value for the owner. Keene’s steady rental demand, supported by local colleges, healthcare, and a lively downtown, makes this property a strong long-term hold. Contact us today for full financials and to schedule a private showing.
/u.realgeeks.media/manhhomes/header3.png)
Additional Information
- Exterior Features
- Porch
- Taxes
- $6,489
- Property Description
- Multi-Family
- Zoning
- HD
- Heating
- Hot Water
- Air Conditioning
- None
- Levels
- Two
- Roof
- Slate
- Foundation
- Stone
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated .