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Listed by Brady Roche • Carey Giampa, LLC/Rye • Phone: 207-703-8249
$ 1,350,000
Est. payment | /mo
2 Beds
3 Baths
2,405 SqFt
$ 1,350,000
Est. payment | /mo
2 Beds
3 Baths
2,405 SqFt
Open House
Sat Jul 11, 11:00am - 12:30pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,405 sqft
Price per Sqft $561
MLS Listing ID 5097886
Bedrooms 2
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $15,641
Lot Size 10,454 Sqft
Acres 0.24
Property Description
197 Richards Avenue presents a rare investment opportunity in Portsmouth's highly sought-after Little Harbor neighborhood. Situated on a generous 0.24-acre lot just moments from downtown, this three-unit property offers an exceptional combination of location, income potential, and future upside in one of the Seacoast's most desirable markets. The property features approximately 2,405 square feet of finished living space across three residential units, each thoughtfully equipped with its own in-unit washer and dryer. Ample off-street parking is located behind the building. Whether maintained as an income-producing asset, repositioned through renovations and value-add improvements, or utilized as an owner-occupied investment opportunity, 197 Richards Avenue offers the flexibility and long-term potential rarely found in such a premier Portsmouth location. Opportunities to acquire multifamily properties with this combination of scale, location, and redevelopment potential are increasingly limited.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning GRA
Rooms
Basement Entrance Interior
Basement Basement Stairs, Concrete Floor, Exterior Access, Interior Stairs, Walkout
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Shingle
Building
Story 2
Sewer Public
Architectural Style Tri-Level
Construction Status Existing
Nearby Locations
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