2 Depot ST, Pittsfield, NH 03263
2 Depot ST, Pittsfield, NH 03263
2 Depot ST, Pittsfield, NH 03263
2 Depot ST, Pittsfield, NH 03263
2 Depot ST, Pittsfield, NH 03263
2 Depot ST, Pittsfield, NH 03263
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Andy Yau • RE/MAX Shoreline
$ 479,900
Est. payment | /mo

6 Beds

5 Baths

6,769 SqFt

Save
$ 479,900
Est. payment | /mo
Save

6 Beds

5 Baths

6,769 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,769 sqft

Price per Sqft $70

MLS Listing ID 5088125

Bedrooms 6

Full Baths 5

Construction Status Existing

Year Built 1871

Lot Size 7,840 Sqft

Acres 0.18

Property Description

Investors, look no further for a deal of a lifetime. This large 5-unit property offers 6,769 SF of finished space with a cap rate exceeding 13.5%, along with potential for additional units through subdivision of the commercial spaces or expansion of the existing layouts. A current storage area also presents the opportunity for conversion into an additional unit. The interior residential units are well maintained with solid long term tenants. In the past 3 years, the largest unit has been updated throughout, featuring a renovated kitchen with beautiful granite countertops, stainless steel appliances, and newer flooring. The bathrooms have also been remodeled with updated tubs and vanities. The smaller one-bedroom unit offers a cozy layout and has seen updates as well, including new carpeting, along with improvements to the kitchen and bathroom. The property's large footprint offers the potential for 6+ additional residential units through conversion of the commercial spaces, along with the possibility of 5+ more units in the unfinished attic — creating the opportunity for an intriguing combined 15+ unit building. Parking would be needed as required by the town for the increased units but that can be fulfilled with the sale of the property across the street that can be purchased as a package (MLS # 5088311). Other updates include a young roof and a young highly efficient Buderus boiler. Located in the heart of downtown Pittsfield, tenants enjoy walkable access to shops, restaurants, and everyday conveniences in a true small-town setting. Nearby Drake Field offers outdoor recreation along the Suncook River with trails, fields, and courts. Commuting is also convenient, with Concord under 30 minutes away and Boston & Portsmouth less than an hour. PRIVATE SHOWINGS Friday 4-6PM and Saturday 1-3PM.

Location

State NH

County Nh-merrimack

Area Nh-Merrimack

Zoning commercial

Rooms

Basement Entrance Interior

Basement Concrete Floor, Unfinished

Interior

Cooling None

Exterior

Utilities Available Cable Available

Roof Type Architectural Shingle

Building

Story 3

Sewer Public

Architectural Style Antique, Freestanding

Construction Status Existing

PrimeMLS
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH, 03801-4161, USA

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2 Depot ST