120 Elm Street, Keene, NH 03431

Keene
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
120 Elm Street,Keene, NH 03431
$399,900
  • 6 Beds
  • 3 Baths
  • 2,143 sq. ft.
  • Multi-family
  • Active
Listed by: kristi whitten
Office: keller williams realty-metropolitan603-232-8282
MLS#:5113927
Source:PrimeMLS

Price summary

  • Price:$399,900
  • Price per sq. ft.:$124.42

About this home

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...

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Home facts

  • Year built:1880
  • Listing ID #:5113927
  • Added:16 day(s) ago
  • Updated:October 29, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Basement Description:Interior, Unfinished
  • Living area:2,143 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Roof:Slate
  • Year built:1880
  • Building area:2,143 sq. ft.
  • Lot area:0.14 Acres
  • Levels:2 Story

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$124.42
  • Tax amount:$6,489 (2025)

Features and amenities

  • Amenities:Circuit Breaker(s)

Parking

  • Parking description:Dirt Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. 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 October 29, 2026

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