2 Pleasant St - Apartments FOR SALE


Rochester, NH 03867
$549,900 USD
603-431-1111
2 Pleasant St, Rochester, NH for Sale
$549,900 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

2 Pleasant St
Rochester, NH 03867


HIGHLIGHTS

  • Excellent Curb Appeal with a New Roof, New Siding, New Windows and more
  • Iconic Triplex with a potential cap rate over 11.27%
  • TWO separate buildings — the main duplex (2,544 SF) and a carriage house (816 SF)
  • Character abound with stunning hardwood floors featuring select pine, crown molding, and tray ceilings.
  • Tenants are located in the heart of downtown and are only steps away from Spaulding high, restaurants, convenience stores, major routes & more
  • Owners enjoy plenty of parking, young heating systems, and separate utilities

OVERVIEW

This long-admired Victorian-era triplex is the one you’ve driven by thousands of times — a rare opportunity for proud ownership by an investor or owner-occupant, with a potential cap rate over 11.27%. Situated on a spacious .3-acre corner lot with TWO separate buildings — the main duplex (2,544 SF) and a carriage house (816 SF). Exuding excellent curb appeal, it features a new roof, sharp new blue vinyl siding, and new windows. Tour through the main house’s lower unit and experience its character with stunning hardwood floors featuring select pine, crown molding, and tray ceilings. This nearly 1,500 SF unit offers a spacious multi-room layout with room for both living and dining areas, or potential to expand/convert for additional income. The carriage house offers privacy with beautiful hardwood floors, wood trim, and open-concept living. It features an open loft bedroom upstairs along with its own dedicated driveway and parking. The third unit, located in the main house, is a townhouse-style layout spanning three levels, complete with a nice front porch and fenced-in outdoor area. The current long-term tenant provides immediate income, though the unit needs work and offers a strong value-add opportunity for the new owner to update and build equity. Owners enjoy plenty of parking, young heating systems, and separate utilities. That is not all, the location can not get any better, as tenants are located in the heart of downtown and are only steps away from Spaulding high, restaurants, convenience stores, major routes and more. Also enjoy being just minutes away from Hanson Pines walking trails and the Cocheco River. Private showings on Friday between 4-6PM and Saturday 1-3PM.

FOR SALE DETAILS

PRICE

$549,900 USD

PRICE/SF

$164 USD /SF

# OF UNITS

6

PRICE/UNIT

$91,650

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Pleasant St Victorian Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1881

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R2

APN/PARCEL ID

RCHE-000116-000198

ASK ABOUT THIS PROPERTY

Andy YauRE/MAX ShorelineMore Info
603-431-1111

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Andy YauRE/MAX ShorelineMore Info
603-431-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.