Multifamily Property with Mixed-Use
2 Depot & 27 Carroll Street Pittsfield, NH 03263
2 Depot & 27 Carroll Street, Pittsfield, NH, 03263
$729,900
For Sale
$729,900
MULTI_FAMILY - Other - Pittsfield, NH
Property Size16,057 SF
Lot Size0.76 Acres
Price / SF$45.46
Days on Market69
Property Features for 2 Depot & 27 Carroll Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 7
- Bathrooms
- 10
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 8, Bathroom 9, Bathroom 7, Bedroom 1, Bedroom 5, Bathroom 5, Bedroom 3, Bathroom 1, Basement, Bathroom 10, Bedroom 7, Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2
- Standard status
- Active
- Size
- 16,057 SF
- Lot size
- 0.76 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Oil, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 10
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX Shoreline
(603) 431-1111
875 Greenland Rd., Portsmouth, NH
Listed by
Andy Yau · License #074320
(603) 431-1111
Added: May 13 Updated: Jun 23 at 3:13 pm Checked: Jul 20 at 8:06 pm
MLS# 5088472
Listing URL
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Investment Insights
Based on property information with market context.
This sale packages four separate lots and approximately 20,000 SF between two large buildings, with room to reconfigure the property for 27+ total units based on the stated layout potential. The well-maintained 5-unit building totals 6,769 SF of finished space, and recent improvements include renovated kitchens and baths in select units, newer flooring, a young roof, and a highly efficient Buderus boiler. The second asset is a large 8,300+ SF mixed-use building that previously operated as a pizza restaurant and still includes substantial restaurant equipment, including pizza ovens, fridges, and burners. The upper floors require renovation and are described as having potential for 9+ additional apartments. The vacant parcel is described as accommodating approximately 30 parking spaces or supporting future development.
The property is located in the heart of downtown Pittsfield, providing walkable access to shops, restaurants, and everyday conveniences. Drake Field and the Suncook River are nearby for outdoor recreation, and Concord is described as under 30 minutes away, with Boston and Portsmouth also within reach. Buyers are instructed to perform their own due diligence regarding approvals, permitted uses, parking requirements, and development potential.
For operators and investors seeking a multi-building package, this offering combines an updated 5-unit component with a significant mixed-use structure that may support apartment conversion and/or subdivision, subject to approvals. The seller also notes an indicated cap rate exceeding 13.5% for the 5-unit building and highlights existing long-term tenants, while leaving development decisions and permitting outcomes to buyer verification. Private showings are scheduled for Friday 4–6 PM and Saturday 1–3 PM.
The property is located in the heart of downtown Pittsfield, providing walkable access to shops, restaurants, and everyday conveniences. Drake Field and the Suncook River are nearby for outdoor recreation, and Concord is described as under 30 minutes away, with Boston and Portsmouth also within reach. Buyers are instructed to perform their own due diligence regarding approvals, permitted uses, parking requirements, and development potential.
For operators and investors seeking a multi-building package, this offering combines an updated 5-unit component with a significant mixed-use structure that may support apartment conversion and/or subdivision, subject to approvals. The seller also notes an indicated cap rate exceeding 13.5% for the 5-unit building and highlights existing long-term tenants, while leaving development decisions and permitting outcomes to buyer verification. Private showings are scheduled for Friday 4–6 PM and Saturday 1–3 PM.
Key Highlights
- Package of 4 separate lots with approximately 20,000 SF between two large buildings and potential for 27+ units
- Includes a well‑maintained 5‑unit building with 6,769 SF of finished space and a cap rate exceeding 13.5%
- Vacant parcel can accommodate approximately 30 parking spaces, with potential future development opportunities
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Packaged multifamily portfolio with a renovated 5-unit building and a large mixed-use structure, plus development parking potential.
Where is this apartment building located?
The property is located at 2 Depot & 27 Carroll Street Pittsfield, NH.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Package of 4 separate lots with approximately 20,000 SF between two large buildings and potential for 27+ units; Includes a well‑maintained 5‑unit building with 6,769 SF of finished space and a cap rate exceeding 13.5%; Vacant parcel can accommodate approximately 30 parking spaces, with potential future development opportunities
