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Turnkey high-cash-flow opportunity leased through May 2027. This legal 16-bedroom, 5.5 bath student rooming house bordering campus offers strong in-place income, and consistent occupancy history, with an estimated Cap Rate of 10+%. Featuring 5,500+ SF with private furnished bedrooms designed for efficient shared living easily managed with several remote-management systems. Occupants enjoy a community kitchen with 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher, business class Wi-Fi, premium cable and reverse-osmosis water dispenser. Commercial-grade laundry room with 2 card app washers & 2 gas dryers. Extensive renovations in 2017/2018 including efficient supplemental electric wall units, new boiler in 2023. metal roof on part of building and vinyl replacement windows. Rare opportunity to acquire a stabilized, fully operational student housing asset with strong rental demand, modern building systems, and minimal day-to-day management requirements.

More Info

Basic Information

  • Gross Income $203,614
  • Lot Features Corner Lot, Sloped
  • Mls StatusActive
  • Rent Includes Unit 1(Heat, Electric, Gas, Water, Hot Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Year 2025
  • Taxes$10,738

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces11

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 5.5
  • Bedrooms16
  • Full Bath5
  • Half Baths1

Basic Information

  • List Price$1,190,000
  • MLS Number73528150
  • Modification Date06/08/2026
  • Property SubType5+ Family - Rooming House

Location

  • Address123 Rooming House Way
  • Building Number123
  • CountyGrafton
  • StateNH
  • StreetRooming House Way
  • TownPlymouth
  • Zip03264

Building

  • BasementFull, Interior Entry, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationOther
  • Levels 2
  • Patio And Porch Features Porch
  • Rooms21
  • Stories2
  • Units1
  • Utilities For Electric Range, For Electric Oven, For Gas Dryer, Washer Hookup
  • Year Built1890
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.17
  • Frontage Length 76

Interior

  • Flooring Wood, Tile, Vinyl, Laminate
  • Interior Features
    • Dining Room
    • Internet Available - Fiber-Optic
    • Kitchen
    • Laundry Room
    • Living Room
    • Upgraded Cabinets
    • Upgraded Countertops

Exterior

  • RoofShingle, Metal

Utilities

  • Heat SystemYes
  • Heating Baseboard, Electric, Wall Unit, Propane
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 5,548
  • Lot Size Square Feet 7,405
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet5,548

Amenities

  • Amenities
    • Conservation Area
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Other AmenitiesBasement

Legal

  • ZoningVC

Other

  • Date Listed06/02/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by The Commercial Group of Aluxety

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