Listed by Janet Carroll, BHHS Verani Seacoast

235 Cate Street Unit 235-1, 235-2, 235-3

Portsmouth, NH, 03801

$3,125,000

$1,020 per ft²
$3,125,000
$1,020 per ft²
Active
Active
 - For Sale
baths
4 Baths
carpenters-square
3,061 ft²
property_type
Multi-family
calendar
Built 1998
A rare opportunity in Portsmouth! We are pleased to present this 2-parcel (201 & 235 Cate) investment property in a prime location! Located near the traffic circle, convenient to downtown Portsmouth, and adjacent to the Portsmouth West End Yards, these properties offer a 3-building package nestled in woods, 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. 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. Monthly rentals are not todays market pricing.
MLS® ID:
4922331
Listed:
7/19/22
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Full Bathrooms
4
Cooling
Central AC, Wall AC Units, Individual
Heating
Gas Heater

Exterior/Building Features

Lot Size
0.29 acres lot
Exterior Features
Vinyl Siding
Architectural Style
Carriage, Colonial, Multi-Family, Other
Lot Details
City Lot, Wooded
Roof
Shingle
Sewer
Public

School Information

School District
Portsmouth
High School
Portsmouth High School
Middle/Jr High
Portsmouth Middle School
Elementary School
Little Harbor School

Other Property Details

Area Name
NH-Rockingham
Taxes
$8104
Tax Frequency
per YEAR
Garage
Yes
Parking
Driveway, Off Street, On-Site, Parking Spaces 11 - 20, Paved
View
N
Utilities
Cable - Available, Gas - On-Site, Internet - Cable
Water Source
Public
Pool
No
Zoning
GRA

Listed by Janet Carroll, BHHS Verani Seacoast

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