Listing Provided by:
Gray Property Group, LLC
Phone: 603-637-4812
Agent: Nick Gray
Well-maintained 4-unit multifamily property in a central Pittsfield location, directly abutting Drake Field and within walking distance to downtown amenities. The property consists of four residential units: a 3-bedroom, two 2-bedrooms, and a 1-bedroom. Several units feature private porches, and two units include in-unit washer/dryer. Interior features include a mix of original millwork and functional updates. Each unit is separately metered for electricity and hot water, helping to control operating expenses. Tenants pay for electricity, while the landlord covers oil heat, public water, and sewer. Two driveways provide 5-6 off-street parking spaces, adding convenience for tenants. Current monthly rents range from $1,725-$1,800 for the 2-bedroom units and ~$1,650 for the 1-bedroom units, generating ~$81,000 in annual gross income and ~$50,500 in net operating income. A large attached barn offers additional value-add potential. Buyers may explore the feasibility of converting this space into an additional unit or adding paid storage space, subject to town approvals. Conveniently located, the property is just minutes from Route 28 and has easy access to Concord (~20-25 minutes), Manchester (~40 minutes), and the Seacoast (~45 minutes). Whether you're looking to expand your portfolio or acquire a stable asset with upside potential, 17 Bridge Street presents a straightforward investment opportunity with both in-place cash flow and future value-add potential.
Listed By
Broker Name: Gray Property Group, LLC
Broker Phone: 603-637-4812
Agent Name: Nick Gray
Shown By
Agent Name: Mark Ray
Agent Phone: (603) 356-5757
Broker Title: Badger Peabody & Smith Realty
Estimated Payment
$ 3,794.24 per month $2,934.95 Principal & Interest $684.58 Property Tax $174.71 Homeowner's InsuranceSource: Delta Media Group, Inc.
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17 Bridge Street, Pittsfield, NH 03263.
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