BEDS2
BATHS3 full
SQUARE FEET2,405
MLS#5097886
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
Listing Courtesy of:
Carey Giampa, LLC/Rye
Associate Name: Brady Roche
Agency Contact: Phone: 207-703-8249
Property Description
197 Richards Avenue presents a rare investment opportunity in Portsmouth's highly sought-after Little Harbor neighborhood. Situated on a generous 0.24-acre lot just moments from downtown, this three-unit property offers an exceptional combination of location, income potential, and future upside in one of the Seacoast's most desirable markets. The property features approximately 2,405 square feet of finished living space across three residential units, each thoughtfully equipped with its own in-unit washer and dryer. Ample off-street parking is located behind the building. Whether maintained as an income-producing asset, repositioned through renovations and value-add improvements, or utilized as an owner-occupied investment opportunity, 197 Richards Avenue offers the flexibility and long-term potential rarely found in such a premier Portsmouth location. Opportunities to acquire multifamily properties with this combination of scale, location, and redevelopment potential are increasingly limited.
Property Features
Property Type: Multi Unit - Multiple
Basement: Concrete Floor, Interior Stairs, Walkout, Exterior Access, Basement Stairs
Basement: Yes
Cooling: None
Heating: Boiler
Home Style: Tri-Level
Lot Size: 0.24 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $15,641
Year Built: 1900
Units
Unit 1:
Bathroom(s): 1
Bedrooms: 1
Unit 2:
Bathroom(s): 1
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Feature Descriptions
Construction: Vinyl Siding
Construction Status: Existing
Days on Site: 15
Driveway: Paved
Driveway: Paved
Electric: Circuit Breaker(s)
Exterior: Vinyl Siding
Flood Zone: No
Foundation: Brick, Concrete, Stone
Foundation: Brick, Concrete, Stone
Lot: Sidewalks, In Town, Near Shopping, Neighborhood, Near School(s)
Roads: Paved, Public Maintained Road
Sewer: Public
Sq. Ft. Total Finished: 2405
Total Stories: 2
Units: 3
Water: Public
Zoning: GRA
Listed By / Shown By
Listed By
Agency Name: Carey Giampa, LLC/Rye
Agency Contact: Phone: 207-703-8249
Agent Name: Brady Roche
Shown By
Agency Title: A House to Home Realty
Agency Phone: (603) 752-7202
Estimate Your Payment
Estimated Payment
$ 4,701.68 per month $3,004.51 Principal & Interest $1,303.42 Property Tax $393.75 Homeowner's Insurance
197 Richards Avenue | MLS# 5097886
This multi-family property located at 197 Richards Avenue, Portsmouth, NH 03801 is currently listed for sale with an asking price of $1,350,000. Search Portsmouth real estate on www.ahousetohomerealty.com today.