197 Richards Ave Avenue, Portsmouth, NH
Residential Income
Listed by Carey Giampa, LLC/Rye · Brady Roche
Property Description
197 Richards Avenue presents a rare investment opportunity in Portsmouth's highly sought-after Little Harbor neighborhood. Situated on a generous 0.24-acre lot just moments from downtown, this three-unit property offers an exceptional combination of location, income potential, and future upside in one of the Seacoast's most desirable markets. The property features approximately 2,405 square feet of finished living space across three residential units, each thoughtfully equipped with its own in-unit washer and dryer. Ample off-street parking is located behind the building. Whether maintained as an income-producing asset, repositioned through renovations and value-add improvements, or utilized as an owner-occupied investment opportunity, 197 Richards Avenue offers the flexibility and long-term potential rarely found in such a premier Portsmouth location. Opportunities to acquire multifamily properties with this combination of scale, location, and redevelopment potential are increasingly limited.
Property Details
Essentials & finishes
- Bedrooms:0
- Total Baths:0
- SqFt:2,405
- Price / SqFt:$561.33
- Property Type:Residential Income
- Year Built:1900
- County:NH-Rockingham
- Town:Portsmouth, NH
- Status:Active
- Days on Market:6
Primary Features
Interior Features
Financial Details
Additional
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 Portsmouth198
- Average list price$1,550,064
- Price range$489,000 – $3,395,000
- Market sentimentBuyer's Market
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- Principal & Interest$6,826
- Property Tax$1,913
- Home Insurance$281
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 198 active · 0 sold in Portsmouth (last 90 days)
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