18 Elm ST new

Northfield,NH 03276

$ 199000

- Bed

- Bath

0 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5057314

Construction Status Existing

Year Built 1901

Annual Tax Amount $4,102

Tax Year 2024

Lot Size 0.350 Acres

Acres 0.35

Property Description

Investment Opportunity: Turn-of-the-Century Waterfront Two-Family Home with ADU.Seize this rare chance to own a turn-of-the-century, formally crafted waterfront gem at 18 Elm St, Northfield, NH. Originally a single-family home, this 3,467-square-foot property was thoughtfully converted into a two-family residence with a newly permitted ADU on the third floor. The potential layout consists of: Unit 1 (1st Floor): Two large bedrooms, formal living room, a kitchen, full bath, and private porch.Unit 2 (2nd & 3rd Floors): Up to four bedrooms, a porch, and ADU for added flexibility. Additional Features: Walk-out basement, new roof, and reframed 3rd floor post-2022 fire. Investment Highlights: Estimated Rents: $2,000–$2,700/month per 3-bedroom unit, plus $1,200–$2,000 for the ADU, yielding $5,200–$7,400/month total. Construction Costs: $57,400–$85,300 to complete (plumbing, electrical, insulation, sheetrock, carpentry) ROI Potential: Annual rental income of $62,400–$88,800 against costs of $57,400–$85,300 offers a 5–7 year payback, with 24–35% property value increase post-ADU completion. Prime Location: Waterfront setting enhances desirability and rental demand. Act now to transform this historic property into a high-yield investment!

Location

State NH

County Nh-merrimack

Area Nh-Merrimack

Zoning R2MFSM

Rooms

Basement Entrance Walkout

Basement Unfinished,Walkout

Interior

Cooling None

Exterior

Utilities Available Cable

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style Tri-Level

Construction Status Existing

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