Description
Two homes, eight bedrooms, and one exceptional investment opportunity in the heart of Keene! 40 Myrtle Street is a two-unit multifamily property, with each unit offering four bedrooms and two full bathrooms. Both feature functional, two-level layouts with generous living spaces and in-unit washer and dryer hookups. One residence, originally built in 1870, was completely renovated in 2011, while the second was newly constructed that same year. Each unit has separate electric, heating, and water utilities. Additional features include a three-year-old tankless heating system in Unit 2, two 110-amp electrical panels, town water and sewer, vinyl siding, ample off-street parking, yard space, and tenant-paid utilities. The spacious layouts offer flexibility for comfortable everyday living, home offices, storage, or bonus space. While the property is ready for cosmetic updates, its major systems have been maintained. Conveniently located just minutes from Keene State College and downtown Keene, with shopping, restaurants, the bike path, and everyday amenities nearby. Nearby major highways provide convenient commuting options. Whether you're seeking rental income or a smart live-in investment, this property is well positioned to become a cornerstone of your portfolio. Unit 1 is leased through December 31, 2026, and Unit 2 is leased through September 15, 2026. Tenant occupied; 48-hour notice is required for all showings.
Details
| MLS # | 5102758 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (30) Under Contract - Pending |
| Year | 1870 |
| Days On Site | 53 |
| Listing Provided By | BHG Masiello Keene | Isabella S Luhrs |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | Residential |
| Acreage | 0.31 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Propane, Oil, Baseboard, Forced Air, Hot Water, Radiant, Radiant Floor |
| Appliances | Electric Water Heater, Propane Water Heater, Instant Hot Water, Separate Water Heater |
Exterior
| Exterior Features | Garden, Enclosed Porch, Shed |
|---|---|
| Roof | Shingle |
| Construction Materials | Wood Frame, Vinyl Siding |
| Foundation Details | Block, Concrete, Poured Concrete |
| Lot Features | Level, Sidewalks, Walking Trails, In Town, Near Paths, Near Shopping, Near Hospital, Near School(s) |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Parking Spaces 1 - 10 |
Utilities
| Utilities | Cable at Site, Propane |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public |
Taxes
| Tax Annual Amount | 9706 |
|---|---|
| Tax Block | 00 |
| Tax Lot | 39 |
| Tax Year | 2025 |
Area Information
| State | NH |
|---|---|
| County | Cheshire |
| City | Keene |
| Zip Code | 03431 |
| Area | NH Cheshire |
| School District | Keene Sch Dst SAU #29 |
| Listing VS Median (in 03431) | |
Price: $395,000 low | high Med: $0 On site: 53 low | high Med: | |
Market Activity 03431
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Learn More About This Property
| State | NH |
|---|---|
| County | Cheshire |
| City | Keene |
| Zip Code | 03431 |
| Area | NH Cheshire |
| School District | Keene Sch Dst SAU #29 |
| Listing VS Median (in 03431) | |
Price: $395,000 low | high Med: $0 On site: 53 low | high Med: | |
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