14 Pleasant Street, Plymouth, NH
Single Family Residence
Listed by Lamacchia Realty, Inc. · Anthony Castellano
Property Description
Assumable FHA loan at 3.5% on ~$254K — saving the buyer $466 per month, over $167,000 in interest over the life of the loan. This fully furnished, turnkey income-producing colonial sits right around the corner from Plymouth State University and the charming town center, nestled at the gateway to the White Mountains and Lakes Region. Currently operating as a proven student and young professional rental with an established rent roll, this expansive 5-bedroom, 2 full bath 1907 colonial offers 2,745 sq ft across three floors plus a 1,218 sq ft unfinished basement on 0.27 acres. Original coffered ceilings, corner fireplace, a light-filled sun-room and classic farmer's porch round out a property that is as livable as it is lucrative. Over $110,000 in documented capital improvements since 2022: full roof replacement; 200-amp panel upgrade; 36 new energy efficient windows; comprehensive kitchen remodel including new stainless appliances; two hyper heat pump systems; new water heater; two updated full bathrooms; refinished hardwood floors; fenced yard with patio and fire pit; newly paved driveway. A rare zoning advantage — grandfathered legal nonconforming use confirmed by FHA-certified appraiser and Plymouth Building Inspector in 2022. With a stabilized NOI of $66,300 and a 10.2% CAP rate, this home is priced $183K below the certified rebuild cost of $832K. The detached 3-car garage and unfinished basement each represent potential significant ADU conversion opportunities — with the ability to expand into a multi-unit income asset, subject to permitting. 1031 exchange and investor inquiries welcome.
Property Details
Essentials & finishes
- Bedrooms:5
- Total Baths:2
- Full Baths:2
- SqFt:2,745
- Price / SqFt:$218.21
- Property Type:Single Family Residence
- Year Built:1907
- County:NH-Grafton
- Town:Plymouth, NH
- Status:Active
- Days on Market:78
Primary Features
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External Features
Property History
Price, listing activity & annual taxes for this property
No sales history available.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Plymouth61
- Average list price$409,550
- Price range$99,000 – $879,000
- Market sentimentBuyer's Market
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- Principal & Interest$3,029
- Property Tax$849
- Home Insurance$125
Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 61 active · 0 sold in Plymouth (last 90 days)
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