REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Jack Garber Coldwell Banker Realty Nashua Cell: 603-274-9010

$ 475,000

Est. payment -/mo

Save

Under Contract

305 Richmond RD Winchester, NH 03470

5 Beds

4 Baths

2,790 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,790 sqft

Price per Sqft $170

MLS Listing ID 5093431

Style Multi-Family

Bedrooms 5

Full Baths 4

Construction Status Existing

Year Built 1983

Annual Tax Amount $10,730

Tax Year 2025

Lot Size 1.000 Acres

Acres 1.0

Property Description

ATTENTION INVESTORS! Fully occupied 4-unit apartment building with a strong rental history and excellent income potential at 305 Richmond Road, Winchester, NH. This well-maintained multi-family property is located near the Massachusetts border, offering convenient access for commuters and tenants from both states. The property includes four residential units that are currently 100% occupied with reliable long-term tenants. It also features two separate income-producing workshop/garage spaces that provide additional revenue streams and enhance overall cash flow. Recent major capital improvements include a brand new roof, newly replaced rear stairs and decking, a fully replaced leach field, and septic connections to the two 1,000-gallon tanks that were serviced and replaced where needed. These updates ensure the property is in excellent condition and reduce future maintenance costs for the new owner. Tenants pay their own heat, hot water, and electricity, which keeps operating expenses low. This property has consistently delivered positive cash flow to the current owner, and keeping it occupied has never been an issue thanks to strong local demand. Current rents are below market rate and the leases are expiring, creating an immediate upside opportunity for a new owner to implement market-rate increases and boost net operating income right away. Whether you are an experienced investor looking to add a turnkey, low-maintenance asset to your portfolio or a buyer seeking a solid, cash-flowing property with built-in equity through recent upgrades, 305 Richmond Road is worth serious consideration. Priced to attract serious investors — schedule your showing today and see the value for yourself. Whether investor-owned or owner-occupied, 305 Richmond Road is a super income generator and can be yours with pride. This property is not going to last long!

Location

State NH

County Nh-cheshire

Area Nh-Cheshire

Zoning RES

Rooms

Basement Concrete, Concrete Floor

Interior

Heating Propane, Kerosene, Oil

Cooling None

Exterior

Parking Features No

Utilities Available Cable, Phone

Roof Type Architectural Shingle,Membrane

Building

Lot Description In Town

Story 2.5

Sewer 1500+ Gallon, Concrete, Leach Field On-Site, Private

Water Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Winchester School

Middle Schools Winchester School

High Schools Keene High School

School District Winchester School District

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

305 Richmond RD Winchester, NH 03470

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

GET MORE INFORMATION

Go tour this home

305 Richmond RD