Pittsfield Multi-Res & Retail

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30859918
Property Subtypes: Mixed Use
Number of Units: 5 Units
Building Size (RSF): 7,115 SF
Gross Building Area: See Agent
Sale Price: $499,000
Unit Price: $99,800 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/31/2023

Overview / Comments

Historic buildings abound in New England. This property is part of that legacy. The local hardware store Maxfield’s got their start in this building over 100 years ago. Originally built in 1870, this structure has been an icon on this corner for 153 years. 2 Retail shops occupy the ground floor, while 3 residential apartments occupy the second floor, along with some owner storage. Two of these apartments have had recent renovations and are in terrific condition. The owner has said these two usually pay their rent a week early. Some of that storage could be added to one of the apartments to create a spacious primary suit for one of the apartments, increasing the ROI. (check with the town). The third floor-attic space is accessed by a pull-down ladder, but the entire 3rd floor is wide open, with a very tall clearance to the roof. Get your imagination dreaming of what this open unused space could be. In the "business end of things” in the basement there is a new Buderus boiler that heats the entire building along with the remainder of the utility connections.
Pittsfield is home to the famous Pittsfield Rotary Hot Air Balloon Festival held at the beginning of August every year at Drake Park. Drake Park is an 11 acre park on the Suncook River, on the edge of town. There are tennis courts, Baseball diamond, soccer field, basketball courts and a walking trail along the Suncook.
Commuting to Concord is less than a half hour, Portsmouth is less than an hour.


Finance Data Year 2023
Real Estate Taxes - Annual($) $4,900 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 00000000
Zoning: 20- COMMERCIAL

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,106 11,253
Median Age: 39.41 40.25
Households: 1,579 4,212
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