14 Pleasant Street, Plymouth, NH

Property Description

Here's your chance at a Plymouth single-family home: 14 Pleasant Street, priced at $499,000. Expect 5 bedrooms, 2 bathrooms and 2,745 square feet of living space. Homes like this trade on the fundamentals: space, privacy and a New Hampshire address that works year-round. Also on the sheet: garage parking for 3, 1907 construction and roughly $182 per square foot. Scroll on for current photos, the complete spec sheet and this Plymouth listing's market context.

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.

Location Highlights

14 Pleasant Street is a single family residence in Plymouth, New Hampshire, listed at $499,000. That works out to about $182 per square foot, for a home built in 1907. It has been on the market for 5 months.

From here it is 0.4 miles to Downtown Plymouth / Main Street and 8.2 miles to Owl's Nest Resort. At this latitude, Plymouth averages roughly 8.4 hours of sun a day in June and 3.6 in December.

Zoned schools in the Plymouth School District: Plymouth Elementary School (Elementary), PlymouthRe (High). Always confirm zoning with the district office.

Property Details

Essentials & finishes