201 - 235 Cate Street #201-A, B, C & 235-1, 2, 3 Portsmouth, NH
$2,987,000
Beds 8
Baths 8
Square Footage 4,577
Acres 0.71
Presented By
Co Agent
Description
A rare opportunity in Portsmouth! We are pleased to present this 2-parcel investment property in a prime location! Located near the traffic circle, convenient to downtown Portsmouth, and adjacent to Portsmouth West End Yards, these properties offer a 3-building package nestled in woods and next to Hodgson’s Brook. Currently, five apartment rentals and a business rental...please note: owners have not made a market adjustment for rents in many years. All units have been meticulously maintained by a master-licensed and hands-on landlord/owner. The three buildings have been renovated and updated with highly efficient heating systems, building materials, and quality craftsmanship. The Carriage-House/Barn was totally uplifted and rebuilt into a glorious single-family 3-bedroom, 1-bath home with cathedral ceilings and beautiful hardwood beams. The main home on this property has been converted to two units, with a 2-bedroom + office, 2-bath on one side, and a 1-bedroom, 1-bath, 2-story unit on the other. Both units have their own entrances and highly sought-after parking spaces on-site. The adjacent lot features a business on the 1st floor with two 1-bedroom apartments above, each with their own separate entrances consisting of wide hardwood staircases, and views of Hodgson’s Brook. Check out the possibility of condo conversion into two luxury townhomes, with room for a separate 2-unit building on the property.
Listed by BHHS Verani Seacoast, Janet Carroll & Roxanne Barnes 603-828-2998
Details
MLS 5015120
Price $2,987,000
Status Active
DOM 80 days
Type Multi-Family
Style Carriage, Other, Multi-Family, Colonial
Beds 8
Total Baths 8 full baths
Square Feet 4,577 sqft
Lot Size 0.71 acres
Year Built 1998
Taxes Paid $18,000
Lot & Building Features
Appliances Water Heater–Natural Gas
Utilities Cable - Available, Gas - On-Site
Construction Vinyl Siding, Wood Frame
Cooling Central AC, Wall AC Units, Individual
Heating Gas Heater
Parking Description Driveway, Paved, Parking Spaces 11 - 20, On-Site, Off Street
Sewer Public
Tax Year 2023
Taxes Paid $18,000
Water Public
Basement Description Concrete, Stairs - Interior, Interior Access, Gravel, Exterior Access, Dirt, Concrete Floor
Foundation Concrete, Other
Lot Description City Lot, Wooded
Roof Shingle
Garage No
Unit Features
Unit 1 Apx Sqft 600
Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 1 Lease Term Month to Month
Unit 1 Level Number 2-A
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1200.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 4
Unit 1 Status Month to Month
Unit 1 Style 201-A - Apartment
Unit 1 Tenant Pays Electric, Heat
Unit 2 Apx Sqft 600
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 2 Lease Term Month to Month
Unit 2 Level Number 2-B
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1200.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Month to Month
Unit 2 Style 201-B - Apartment
Unit 2 Tenant Pays Electric, Heat
Unit 3 Apx Sqft 1428
Unit 3 Baths 2
Unit 3 Bedrooms 0
Unit 3 Info CO Detector, Smoke Detector, Laundry Hookup, Heat - Natural Gas
Unit 3 Lease Term Month to Month
Unit 3 Level Number 1-C
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 5625.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 4
Unit 3 Status Month to Month
Unit 3 Style 201-C - Salon Business w/AC
Unit 3 Tenant Pays Electric, Heat
Unit 4 Apx Sqft 940
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Level Number 1
Unit 4 Rental Agreement No
Unit 4 Rental Amount 1100.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 4
Unit 4 Status Month to Month
Unit 4 Style 235-1, 2 story
Unit 4 Tenant Pays Electric, Heat
Unit 5 Apx Sqft 940
Unit 5 Baths 2
Unit 5 Bedrooms 2
Unit 5 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Mudroom, Laundry Hookup, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 5 Lease Term Month to Month
Unit 5 Level Number 1
Unit 5 Rental Agreement No
Unit 5 Rental Amount 2200.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 7
Unit 5 Status Month to Month
Unit 5 Style 235-2, + office
Unit 5 Tenant Pays Electric, Heat
Unit 6 Apx Sqft 1181
Unit 6 Baths 1
Unit 6 Bedrooms 3
Unit 6 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Dishwasher, Cooktop - Gas, CO Detector
Unit 6 Lease Term Month to Month
Unit 6 Level Number 1
Unit 6 Rental Agreement No
Unit 6 Rental Amount 2400.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Rooms 6
Unit 6 Status Month to Month
Unit 6 Style 235-3, Carriage House/Barn
Unit 6 Tenant Pays Electric, Heat
Schools
Elementary School Little Harbor School
Junior High School Portsmouth Middle School
Senior High School Portsmouth High School
Multi-Family Home for Sale: 201 - 235 Cate Street #201-A, B, C & 235-1, 2, 3, Portsmouth, NH 03801
Map
Get Directions
Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.