48 Market St Portsmouth, NH 03801
This exceptional property at 48 Market Street in Portsmouth, New Hampshire, presents a unique investment opportunity. Built in the 1830s, this historic building offers a captivating blend of commercial and residential spaces. The first floor encompasses over 1,200 square feet of commercial retail space, ideal for a variety of businesses. High ceilings, exposed brick walls, and original features create a unique and attractive atmosphere. A charming small courtyard adds to the property's character. The residential component includes three apartments: two spacious two-bedroom units and a large studio apartment, providing excellent rental income potential. A full basement offers an additional 660 square feet of storage space. The total building size is 5,575 square feet. This property's location is unparalleled, situated in the heart of Portsmouth's vibrant downtown area. Its proximity to the Hanover Street parking garage and ample street parking ensures convenient access for both residents and patrons. The surrounding area is bustling with thriving businesses and cultural attractions, offering excellent visibility and foot traffic. This is a rare chance to acquire a piece of Portsmouth's rich history and capitalize on its continued growth. Note that this property can be purchased in conjunction with 56 Market Street (MLS# 5025554) for a combined price of $6,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CD5 · Portsmouth, NHPortsmouth. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.