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Triplex with In-Unit Laundry
For Sale
Under Contract
$1,350,000

197 Richards Avenue, Portsmouth, NH 03801

Multi-Family, Portsmouth, NH

Property Size2,405 SF
Lot Size0.24 Acres
Price / SF$561.33
Days on Market51

Property Features for 197 Richards Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning GRA
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Lot features Sidewalks, In Town, Near Shopping, Neighborhood, Near School(s)
Directions Coming from the center of Downtown Portsmouth follow Congress street until you reach Middle St. Follow Middle street for .4 of a mile and make a left onto Richard Ave. You will find the home on your left 197 Richards Ave.
Standard status Active Under Contract
Size 2,405 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Annual Amount 15641

Utilities

Utilities Cable Available
Heating system Oil
Water source Public

Amenities

in-unit washer and dryer
off-street parking

Building Details

Year built 1900
Floors in Building 2
Number of units 3
Building materials Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: Carey Giampa, LLC/Rye
Listed By: Brady Roche
Added: Jul 2 Changed: Aug 20 Last Checked: Aug 21 at 2:06AM
MLS# 5097886

Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

197 Richards Avenue is a three-unit triplex on a 0.24-acre lot, offering approximately 2,405 square feet of finished living space across three residential units. Each unit includes its own in-unit washer and dryer. The property has ample off-street parking located behind the building.

Built in 1900, the home features vinyl siding and a shingle roof, with oil heating. Public water is available, and cable is available as well. Zoning is listed as GRA.

Located in Portsmouth’s Little Harbor neighborhood, this property presents a multifamily ownership option for those seeking a small-scale investment with three separate units and an on-site parking area.

Key Highlights

  • 0.24‑acre lot with three residential units
  • Approximately 2,405 SF of finished living space across three units
  • In‑unit washer and dryer in each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service Pharmacy Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,523
Businesses Nearby

Demographics for 03801, NH

22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit triplex with washer and dryer in each unit, oil heat, and off-street parking behind the building.
Where is this triplex located?
The property is located at 197 Richards Avenue Portsmouth, NH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 0.24‑acre lot with three residential units; Approximately 2,405 SF of finished living space across three units; In‑unit washer and dryer in each unit
More about this property
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