This well-maintained 9-unit apartment building, presents a rare investment opportunity on a spacious 1.8-acre lot. The property, in a low-density single-family neighborhood, features a large backyard, ample paved parking, and extra land near Canobie Lake, offering seasonal views from the third floor. Six units have undergone recent renovations, including modern kitchens, updated bathrooms, refinish hardwood floors, energy-efficient LED lighting, and new decks and windows. Separate metering for utilities and a strong 8% cap rate highlight its income potential. Priced at $2,395,000, this stabilized property is an appealing option for investors seeking reliable returns.

Exterior Driveway View

A winding asphalt driveway leads up to a large historic American home painted in white with brown shingled roofing. The house is multi-storied with a combination of steep and mansard rooflines and several dormer windows adding architectural interest. The setting includes dense greenery with mixed trees and shrubbery framing the driveway edges, giving the scene a quiet, rural ambience. The front yard is modestly landscaped with natural plantings and a few scattered stones, complementing the rustic character of the property. Overhead utility lines run alongside the driveway, and the overall atmosphere has a serene, timeless charm.

Backyard Exterior View

A multi-story historic American home clad in light gray vinyl siding with a gambrel roof adorned with reddish-brown shingles. The back exterior presents two expansive wooden decks stacked vertically, supported by sturdy posts and connected by a wooden staircase. Large sliding glass doors on the ground level offer access to the backyard, while multiple windows on all levels allow natural light inside. The surrounding lawn is spacious though slightly patchy, with young plants near the building foundation. Mature trees at the property’s edge frame the house, adding a natural, wooded backdrop to the scene.

Back Porch

A small wooden back porch with two steps leads up to sliding glass doors framed in natural, untreated wood. The porch floor and steps display a fresh, clean pine finish, contrasting with the light cream vinyl siding of the house exterior. A simple black metal round table is paired with a white plastic chair, creating a modest seating area. To the right, exposed earth and sparse grass hint at ongoing landscaping. The house features traditional double-hung windows with white frames, and a covered wooden awning is partially visible along the side, offering shade and weather protection.

Wooden Back Porch

A small, elevated wooden porch with natural light-colored wood planks for flooring and railings surrounds two sides, secured by vertical balusters. Sturdy square wooden posts support the porch structure. Below, a staircase descends to the ground, visible on the left. The outdoor space overlooks a wooded backyard with leafless trees and a white fence along the property line. The scene suggests late autumn or early winter, with sparse greenery and a calm, quiet atmosphere. The porch offers a simple, rustic aesthetic emphasizing natural materials and connection to the surrounding natural landscape.

Kitchen Corner

Compact kitchen area with a stainless steel refrigerator, gas stove, and overhead microwave in sleek silver tones. White cabinetry with simple, modern hardware contrasts with the warm, polished hardwood floor. Granite countertops provide a durable workspace, wrapping neatly around the sink area by the window. The ceiling shows visible beams adding a subtle architectural interest, painted in white to blend with the walls. Light grey walls enhance the brightness from the window, while a circular ceiling light fixture offers additional illumination. The adjoining hallway leads to a white door, maintaining the clean, neutral palette.

Simple Kitchen Area

The kitchen space is modest and functional with a clean, neutral palette dominated by white cabinetry and light gray walls. White upper and lower cabinets provide storage, complemented by modern stainless-steel appliances including a microwave and a gas stove. A white refrigerator stands adjacent to a blue-toned dishwasher, adding a hint of color contrast. The countertop displays a speckled granite surface, adding texture without overwhelming the simplicity. Light wood-look flooring extends through the area, while a double-hung window with white trim allows natural light and views of the outdoors. A simple ceiling light fixture provides ample illumination.

Patio Access and Doorway

Light gray walls framed with white trim surround a sliding glass door that opens to a small wooden deck outside, leading to a natural, wooded lawn area. Next to the sliding door, a white interior door is partially open, revealing a glimpse of another room painted in the same soft gray tone with similar flooring. The sleek flooring appears to be laminate or vinyl plank in a muted gray wood finish, complementing the cool, neutral palette. The clean lines and minimalist design suggest a modern update within a traditional home layout.

Kitchen Alcove and Flooring

The small kitchen alcove includes white cabinetry topped with a speckled gray and beige granite countertop. Light gray walls and ceiling create a neutral, bright space. Flooring is a light, weathered wood-look vinyl or laminate extending through both the kitchen and adjacent room. A narrow window beyond the alcove overlooks an outside area, adding natural light. To the right, a large black appliance or appliance frame and white paint buckets suggest renovation is still in progress. Subtle wall-mounted controls add a modern touch to the otherwise simple, clean design.

Kitchen Entrance and Counter

A compact kitchen entrance framed by light gray walls leads into a bright space with natural light streaming through a window. A white refrigerator sits partially visible, tucked beside the narrow doorway. Adjacent to the entrance is a small breakfast bar or countertop, topped with speckled gray granite and bordered by white beadboard paneling underneath. The flooring throughout is a wood-look laminate in gray tones, providing a modern contrast to the muted walls. Simple white trim outlines the baseboards, contributing to the clean, minimalist aesthetic of the room.

Room Entrance to Kitchen

Neutral light gray walls complement the modern light wood-look flooring, creating a clean and airy atmosphere. Two white-paneled doors stand open, one leading into a bright kitchen area with white cabinetry, stainless steel appliances, and a sleek granite countertop. A large window allows natural light to flood the space, highlighting the simple yet fresh paint and trim details. Baseboard heating runs beneath the window, adding a subtle historic touch to the updated interior. The room’s simplicity and palette suggest a versatile transitional style, inviting personalization while maintaining a bright, welcoming feel.

Living Room with Balcony Access

Glossy hardwood floors span the entire space, reflecting natural light that pours in through a central window and a large sliding glass door leading to an outdoor balcony or deck. Walls are painted a soft, neutral gray, enhancing the brightness of the room while creating a calm, modern backdrop. White trim around windows and doors adds subtle contrast. Baseboard heating lines two walls, integrated seamlessly into the design. The ceiling has a slight texture with a mounted smoke detector. The overall open layout and clean, minimalist colors create an inviting and versatile living area.

Living Room Flooring

Polished hardwood floors span the length of this spacious living area, reflecting natural light streaming through a tall window on the right. Walls are painted a soft gray, creating a neutral backdrop against white trim around the doorways and window frames. Heating is provided by a baseboard radiator running along the lower edge of the wall. The space opens into an adjacent room with a tiled floor, visible through a wide doorway. Simple and uncluttered, the design emphasizes clean lines and an understated, modern aesthetic within a historic home framework.

Kitchen Corner and Hallway

The kitchen is designed in a compact L-shape, with white shaker-style cabinetry extending around two walls for ample storage. Stainless steel appliances, including a refrigerator, dishwasher, oven, and overhead microwave, create a modern, cohesive look against the darker countertop. The countertops appear to be granite or a similar stone material in a speckled gray and black tone that complements the appliances. A simple, curved faucet is installed over a double sink. The floor is covered with light-colored vinyl or linoleum in a checkered pattern with small, subtle gray accents. Adjacent to the kitchen is a warm wooden floor hallway leading to other rooms, featuring rich natural wood planks. A thick stone or brick pillar partially visible on the right adds historic charm alongside the clean, updated kitchen space, blending rustic with contemporary.

Empty Bedroom Floor

A small bedroom with light gray walls and two vertically aligned windows with white trim, allowing natural light and views of the outdoors. The floor is finished polished wood, displaying natural knots and grain patterns that add warmth and character. A white baseboard heater runs along the wall beneath the windows. The ceiling is textured with a simple dome light fixture in the center. There is a double-door closet with white louvered doors on the left side, complementing the room’s clean, neutral aesthetic and creating a straightforward, functional living space.

Utility Room Heating System

Four green industrial boilers arranged in a row dominate the space, each connected to a large, silver exhaust pipe extending upward. Numerous copper and steel pipes run vertically and horizontally, with gauges and valves attached. The floor is bare concrete with loose gravel scattered, suggesting a basement or utility area. The walls are exposed stone and brick, contributing to a rustic, functional atmosphere. Additional plumbing components and construction tools are visible in the background, highlighting this as a mechanical or furnace room. The setting blends historic building materials with modern mechanical infrastructure.

Basement Utility Area

Two modern wall-mounted LAARS FT Series tankless water heaters are installed on a wooden board structure in a rustic basement. The basement walls consist of uneven stone and cinder block masonry, presenting an aged, historic feel contrasted by the contemporary heating units. Exposed wooden beams and joists form the ceiling, with visible white PVC plumbing pipes running across. The floor is rough and unfinished, scattered with construction debris and cardboard. The space reflects a mix of old-world masonry and modern mechanical updates, emphasizing functionality over finished aesthetics.

Kitchen Area

The kitchen presents a clean, minimalist design with white cabinetry and appliances, including a refrigerator and a gas stove with an overhead vent. The countertops are a muted brown stone or laminate, complementing the cool tones of the space. Light wood-look vinyl flooring adds warmth while maintaining durability. The walls and ceiling are painted a soft gray, and recessed lighting fixtures embed into the drop ceiling provide bright illumination. A small window beside a simple white door brings natural light and offers a view outside. Baseboard heating lines the perimeter below the window.

Kitchen and Dining Area

Open layout combines a compact kitchen with an adjacent dining or living area. The kitchen section is fitted with white cabinetry, a white stove, and a countertop with a natural stone appearance. Soft neutral tones cover the walls, creating a calm environment. Wood-look flooring in a light oak finish runs throughout the space for warmth and texture. Two large windows with white blinds allow natural light to brighten the room, complemented by ceiling recessed lighting. White baseboard heating along the far wall adds functional detail. A door with glass panes leads outside, and a small black mat sits on the floor at its base.

Kitchen with Patio Access

Compact kitchen space with a modern, clean design. White cabinetry with simple silver handles contrasts elegantly against the dark countertop. Stainless steel appliances include a refrigerator, stove, dishwasher, and overhead microwave, contributing to a sleek, contemporary aesthetic. The flooring mimics natural wood with a warm gray tone, grounding the space. Large sliding glass doors lead directly outside to a patio and backyard, allowing abundant natural light to brighten the room. Light gray walls and vertical blinds on the door provide a neutral palette that enhances the kitchen’s brightness and open feel.

Compact Kitchen Area

Small kitchen with a clean, minimalist design characterized by white walls and cabinetry. The L-shaped layout includes a granite countertop with a stainless steel sink. White cabinets with simple handles offer storage, while two wooden floating shelves provide additional space and decorative potential. Appliances include a white electric stove with an over-the-range microwave and a stainless steel refrigerator, highlighting a mix of finishes. The dark wood-look vinyl flooring contrasts with the otherwise light color palette. The kitchen opens to an adjacent room with large window, enhancing the airiness and natural light in the space.

Empty Room with Windows

Rectangular room with two adjacent windows positioned on an angled section of the far wall introduces a unique architectural element. The walls are painted a soft gray, contrasted by white baseboards that frame the space neatly. The ceiling is plain white with a centrally mounted, flush light fixture emitting bright illumination. Flooring consists of dark wood-look planks, providing both warmth and contrast to the otherwise neutral tones. Electrical outlets and wiring are visible, suggesting readiness for furnishing and electronic setup. The room’s simplicity and neutral palette offer versatile potential for living or working use.

Listing Agent: Steve Cotran of RE/MAX Area Real Estate Network LTD via Zillow