New sidewalks and a paved driveway on an entirely overhauled Islington Street help present this 5-unit investment property as a preeminent property for any investor! Boasting a 6.1% cap rate, investors will enjoy over $60,000 of in-place NOI. With all interiors done from 2017 on, this property doesn't require any immediate work. Being located in Portsmouth's West End, this property is in a great location for those with or without cars. Additional updates include wiring in 2014/2015, exterior paint, appliances, and floor refinishing. All tenants under lease and are current on payments. Only showings occurring at 3 Open Houses: Wednesday (10/6) 5:00-6:30pm Thursday (10/7): 4-5pm Friday (10/8): 12-1:30pm Please bring a mask. All financials available are actuals and have been provided by the owner.

More Info

Tax Information

Tax Year2020

Building

Year Built1900
Building ConstructionWood Frame, Vinyl Siding
StyleMulti-Family
Units5
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Total Rooms4
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 2 Total Rooms5
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Total Rooms3
Unit 4 Bath1
Unit 4 Total Rooms5
Unit 5 Baths1
Unit 5 Bedrooms1
# of 1 Bedrooms3
# of 2 Bedrooms2
Bathroom5
Total Baths5
BasementFinished, Interior Stairs
FoundationConcrete, Fieldstone

Basic Information

StatusSLD
List Price$989,000
Date Price Change10/04/2021
MLS Number4885462
MLS StatusClosed
Sale Date11/19/2021

Property

Acreage0.06
GarageNo
Parking Spaces
Lot DescriptionCity Lot, Curbing, Sidewalks
Square Feet3,459
APX Fin AG Sqft2,467
Road Frontage25
RoadsPublic
AreaNH-Rockingham

Amenities

PricePerSqFt296.33

Other

Taxes$8,664
Seasonal Y/NNo
Operating Expenses22264
TrashMunicipal
Date Listed10/04/2021
Unit 1 Deposit$1,395
Unit 2 Rent Amount$1,695
Unit 3 Rent Amount$1,295
Unit 4 Rent amount$1,400
Unit 5 Rent amount$1,100
View Count21

Location

TownPortsmouth
StateNH
Zip03801
CountyRockingham
ZoningCD4-L2
Address536 Islington Street
Flood Zone Y/NNo

Interior

APX Fin Below Grade992
FloorsHardwood, Laminate, Tile, Vinyl Plank

Exterior

RoofSlate

Utilities

Heat SystemNatural Gas, Forced Air
WaterPublic
Water HeaterDomestic Water Heater, Shared Water Heater
Electric200+ Amp Service
SewerPublic
UtilitiesCable

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, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 22, 2026 12:24 PM EDT

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536 Islington StreetPortsmouth, NH 03801MLS Number 4885462

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