32 Mill Street

The home

About this home

Highly sought-after waterfront quadplex on a large 1.62-acre lot in East Rochester, with the potential to subdivide a separate waterfront multifamily parcel. On the market for the first time in over 45 years, showcasing decades of prideful ownership. Small apartments no more, as the buildings massive 4500+ square feet of living space, gives units ideal layouts with spacious living/dining rooms, large kitchens, and multiple bedrooms for maximum income. Large units and separate utilities allows for low expenses and a potential cap rate over 10.33%. Owners and tenants savor the privledge of having direct access to the Salmon River and providing the perfect setting to canoe and fish from the doorsteps of their home. Tour through the units and experience its character and charm. The largest unit features stunning hardwood floors, chamber ceilings and beautiful crown molding. Explore the enhanced features in other units, such as updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, an open kitchen layout, and stylish brick backsplash. There is additional attic space which can be utilized as storage or expansion for additional living space. Thats not all, tenants enjoy an open backyard, 2 car garage, plenty of parking, and convenience of location. 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Zoning density may allow for additional units to be built outback with a special exception.

Property information

Details at a glance

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Estimated monthly cost

Explore costs at the $899,000 asking price. Adjust the assumptions to your situation.

Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Listing history

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No additional listing history is available for public display.

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Price & market context

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Active city listing statistics from PrimeMLS as of September 11, 2026. Asking prices are not completed-sale values.

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About 32 Mill Street