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Three-Unit Multifamily Investment

197 Richards Ave Portsmouth, NH 03801

New
197 Richards Ave, Portsmouth, NH, 03801
$1,350,000
For Sale
Claim this Listing
$1,350,000

Three residential units include in-unit washer and dryer and off-street parking behind the building on a 0.24-acre lot.

Property Size2,405 SF
Lot Size0.24 Acres
Price / SF$561.33
AddedJul 12
Days on Market5
Last RefreshJul 15 at 7:11 pm

Property Features for 197 Richards Ave

General Information

Standard status
Active
Size
2,405 SF
Lot size
0.24 Acres
Property subtype
Investment

Building Details

Year Built
1900

Listing office

Listing date Jul 12, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Kevin Erikson


Investment Insights

Based on property information with market context.

197 Richards Avenue is a three-unit residential income property offering approximately 2,405 square feet of finished living space across three separate units. Each unit is equipped with its own in-unit washer and dryer. Off-street parking is provided behind the building.

The property sits on a 0.24-acre lot in Portsmouth’s Little Harbor area and is described as being moments from downtown.

As a three-unit multifamily, the building provides a straightforward structure for maintaining rental income while also offering flexibility for future interior or exterior updates.

Key Highlights

  • Three‑unit residential property with approx. 2,405 SF finished living space
  • 0.24‑acre lot with ample off‑street parking behind the building
  • Each unit includes its own in‑unit washer and dryer

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service Pharmacy Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three residential units include in-unit washer and dryer and off-street parking behind the building on a 0.24-acre lot.
Where is this triplex located?
The property is located at 197 Richards Ave 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: Three‑unit residential property with approx. 2,405 SF finished living space; 0.24‑acre lot with ample off‑street parking behind the building; Each unit includes its own in‑unit washer and dryer
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