Address Withheld By Seller, Northfield, NH 03276
Local realty services provided by:ERA Key Realty Services
Address Withheld By Seller,Northfield, NH 03276
$199,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:suzanne damonCell: 603-493-5561
Office:exp realty
MLS#:5057314
Source:PrimeMLS
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Price summary
- Price:$199,000
About this home
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!
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Home facts
- Year built:1901
- Listing ID #:5057314
- Added:13 day(s) ago
- Updated:September 02, 2025 at 02:41 PM
Heating and cooling
- Heating:Oil
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1901
- Lot area:0.35 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$199,000
- Tax amount:$4,102 (2024)
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