Northfield, NH Multi-Family Homes for Sale
18 Elm, Northfield, NH 03276
MLS #5057314
City:Northfield, State:NH
Price: $199000
Investment Opportunity: Turn-of-the-Century Waterfront Two-Family Home with ADU.Seize this rare chance to own a turn-of-the-century, formally crafted waterfront gem at 18 Elm St, Northfield, NH. Originally a single-family home, this 3, 467-square-foot property was thoughtfully converted into a two-family residence with a newly permitted ADU on the third floor. The potential layout consists of: Unit 1 (1st Floor): Two large bedrooms, formal living room, a kitchen, full bath, and private porch.Unit 2 (2nd & 3rd Floors): Up to four bedrooms, a porch, and ADU for added flexibility. Additional Features: Walk-out basement, new roof, and reframed 3rd floor post-2022 fire. Investment Highlights: Estimated Rents: $2, 000â$2, 700/month per 3-bedroom unit, plus $1, 200â$2, 000 for the ADU, yielding $5, 200â$7, 400/month total. Construction Costs: $57, 400â$85, 300 to complete (plumbing, electrical, insulation, sheetrock, carpentry) ROI Potential: Annual rental income of $62, 400â$88, 800 against costs of $57, 400â$85, 300 offers a 5â7 year payback, with 24â35% property value increase post-ADU completion. Prime Location: Waterfront setting enhances desirability and rental demand. Act now to transform this historic property into a high-yield investment! 68a4effa34e2b58cae48aed2 0.35 20834 Walkout 0 Northfield MF_5 NH-Merrimack 18 Elm Street neren3 1 68a4efcb34e2b58c9c2cc432 1 1 1 1 1755639483 1755639481 199000 Suzanne Damon 5057314 Active 15246 5057314 5895 18 Elm, Northfield, NH 03276 1755639854 Cell: 603-493-5561 EXP Realty 50 568571 Multi Family Investment Opportunity: Turn-of-the-Century Waterfront Two-Family Home with ADU.Seize this rare chance to own a turn-of-the-century, formally crafted waterfront gem at 18 Elm St, Northfield, NH. Originally a single-family home, this 3, 467-square-foot property was thoughtfully converted into a two-family residence with a newly permitted ADU on the third floor. The potential layout consists of: Unit 1 (1st Floor): Two large bedrooms, formal living room, a kitchen, full bath, and private porch.Unit 2 (2nd & 3rd Floors): Up to four bedrooms, a porch, and ADU for added flexibility. Additional Features: Walk-out basement, new roof, and reframed 3rd floor post-2022 fire. Investment Highlights: Estimated Rents: $2, 000â$2, 700/month per 3-bedroom unit, plus $1, 200â$2, 000 for the ADU, yielding $5, 200â$7, 400/month total. Construction Costs: $57, 400â$85, 300 to complete (plumbing, electrical, insulation, sheetrock, carpentry) ROI Potential: Annual rental income of $62, 400â$88, 800 against costs of $57, 400â$85, 300 offers a 5â7 year payback, with 24â35% property value increase post-ADU completion. Prime Location: Waterfront setting enhances desirability and rental demand. Act now to transform this historic property into a high-yield investment! 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