Mixed-Use Barn and Home
For Sale
$799,000
79 High Street, Pittsfield, NH 03263
A multi-unit property with an on-site office setup and a large, two-story barn suited for light industrial use.
Property Size3,800 SF
Price / SF$210.26
Days on Market145
Property Features for 79 High Street
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-Family
Zoning
LIGHT
Taxes and HOA fees
Annual Taxes
$13,130
Building Details
Year Built
1830
Stories
2
Listing Agency:
EXIT Reward Realty
Listed By:
Lyn Ward
(603) 435-7800
Source:
Churchillprop
Added: Jun 10
Changed: Oct 31
Last Checked: Nov 1 at 3:21AM
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 EXIT Reward Realty
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Investment Insights
Based on property information with market context.
The property at 79 High Street includes a large residence with four or more bedrooms and two attached rental units. One unit is currently operating as an apartment, and the other is currently used as a real estate office, creating a built-in mixed-use configuration under the current three-unit arrangement.
The offering sits on a four-acre parcel at the intersection of Route 28 and River Rd. The land has previously been subdivided into three lots, and the current owners have reviewed subdividing it into two lots, with surveys attached. The site is described as high and dry and is primarily open field.
On the improvements side, there is a barn with more than 3,000 square feet of space, featuring two full floors, a loft, and a full basement. The property is noted as being located in a Commercial Light Industrial zoning environment, with grandfathered use as a three-unit property. This combination may appeal to buyers seeking an owner-occupied setup with rental income in place, or tenants and operators looking for flexible space tied to a substantial barn and existing unit mix.
The offering sits on a four-acre parcel at the intersection of Route 28 and River Rd. The land has previously been subdivided into three lots, and the current owners have reviewed subdividing it into two lots, with surveys attached. The site is described as high and dry and is primarily open field.
On the improvements side, there is a barn with more than 3,000 square feet of space, featuring two full floors, a loft, and a full basement. The property is noted as being located in a Commercial Light Industrial zoning environment, with grandfathered use as a three-unit property. This combination may appeal to buyers seeking an owner-occupied setup with rental income in place, or tenants and operators looking for flexible space tied to a substantial barn and existing unit mix.
Key Highlights
- 4‑acre parcel at the intersection of Route 28 and River Rd. in Pittsfield
- Large 4+ BR home with two attached rental units: one apartment and one real estate office
- Property has Commercial Light Industrial zoning with grandfathered use as a 3‑unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,583
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,660
$1.1M
Cap Rate 7%
$779,757
$779.8K
Cap Rate 9%
$606,478
$606.5K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$82.1K $21.60/SF
− Vacancy
−$4.1K −$1.08/SF
EGI
$78.0K $20.52/SF
− OpEx
−$23.4K −$6.16/SF
NOI
$54.6K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,660
Cap Rate 7%
$779,757
Cap Rate 9%
$606,478
Alternative Uses
Best Use
Multifamily LT 5
$779.8K
$682.3K – $909.7K
NOI $54,583 @ 7.0% cap · market cap 6.83%
Second Best
Office B
$758.9K
$664.1K – $885.4K
NOI $53,126 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$989.4K
$865.8K – $1.15M
NOI $69,261 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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Business Placement
Demographics for 03263, NH
4,094
Population
1,868
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
91%
High-School Grad
24.5 sq mi
ZIP Area
167
Density / Sq Mi
$66,823
Median Household Income
$43,466
Median Earnings
$1,185
Median Rent
$270,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A multi-unit property with an on-site office setup and a large, two-story barn suited for light industrial use.
Where is this triplex located?
The property is located at 79 High Street Pittsfield, NH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4‑acre parcel at the intersection of Route 28 and River Rd. in Pittsfield; Large 4+ BR home with two attached rental units: one apartment and one real estate office; Property has Commercial Light Industrial zoning with grandfathered use as a 3‑unit
