Multi-Family Investment
2 Depot Street, Pittsfield, NH 03263
New
Multi-Family - Pittsfield, NH
Property size:
5,483 SFLot size:
0.18 AcresPrice / SF:
$87/SF- Added:
- May 11, 2026
- Days on Market:
- 2
- Last Refresh:
- May 12 at 6:06 pm
Property Features for 2 Depot Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- commercial
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Paved or Surfaced
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 5,483 SF
- Lot size
- 0.18 Acres
Utilities
- Heating system
- Baseboard, Hot Water (Heating), Oil
Building Details
- Year built
- 1871
- Floors in Building
- 3
- Number of units
- 5
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Andy Yau (603) 969-6216
Listing office RE/MAX Shoreline 875 Greenland Rd., Portsmouth, NH (603) 431-1111
Listing date May 11, 2026
MLS# 5088125
Listing URL
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HighLights
- High Cap Rate: Exceeds 13.5%, offering a significant return on investment.
- Development Potential: Opportunity to add 15+ units through conversion of commercial spaces and attic, plus subdivision possibilities.
- Updated Units: Largest unit features renovated kitchen with granite countertops and stainless steel appliances, plus remodeled bathrooms; smaller unit also updated.
- Young Roof and Boiler: Recent updates include a young roof and highly efficient Buderus boiler.
- Prime Location: Located in downtown Pittsfield, providing walkable access to amenities.
- Convenient Commute: Under 30 minutes to Concord and less than an hour to Boston and Portsmouth.
Overview
This large five-unit property, located in downtown Pittsfield, offers 5,483 square feet of finished space. The property has a cap rate exceeding 13.5% and presents the 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. The largest unit has been updated throughout in the past 3 years, featuring a renovated kitchen with 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. Other updates include a young roof and a young highly efficient Buderus boiler. Tenants enjoy walkable access to shops, restaurants, and everyday conveniences. Nearby Drake Field offers outdoor recreation along the Suncook River with trails, fields, and courts. Commuting is convenient, with Concord under 30 minutes away and Boston & Portsmouth less than an hour.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pittsfield
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.3248601
- Latitude
- 43.3055324
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit property with potential for expansion in downtown Pittsfield.
Where is this apartment building located?
The property is located at 2 Depot Street Pittsfield, NH.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: High Cap Rate: Exceeds 13.5%, offering a significant return on investment.; Development Potential: Opportunity to add 15+ units through conversion of commercial spaces and attic, plus subdivision possibilities.; Updated Units: Largest unit features renovated kitchen with granite countertops and stainless steel appliances, plus remodeled bathrooms; smaller unit also updated.
