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Listed by Nick Gray • Gray Property Group, LLC
$ 599,000
Est. payment /mo
Active
17 Bridge ST Pittsfield, NH 03263
8 Beds
4 Baths
3,836 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,836 sqft
Price per Sqft $156
MLS Listing ID 5082020
Bedrooms 8
Full Baths 4
Construction Status Existing
Year Built 1900
Annual Tax Amount $8,215
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Description
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.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning Urban (U)
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Asphalt Shingle
Building
Story 2.5
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
