$435,000 | $87 per sq.ft.
A 3
Unit Multi Family Home, in Alstead NH
With 2 - One Bedroom Units | 1 - Two Bedroom Units
on Cold River MLS# 5097930
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Listed by Robin Sanctuary Traditions Real Estate LLC Cell: 603-313-9165 on
July 2nd 2026
87 Mechanic Street Alstead NH 03602
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DESCRIPTION
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Dreaming of riverfront living with income potential? This one-of-a-kind multi-family property overlooks the scenic Cold River, renowned for its excellent fishing opportunities. Rich in history, the building was originally a grist mill and has been thoughtfully converted into a three-unit multi-family property while preserving much of its original character. The first floor apartment is a beautifully updated one bedroom unit offering comfortable, modern living. The remainder of the first floor serves as an inviting common area featuring the building's stunning original brick walls, showcasing the property's historic charm. From this shared space, you'll find access to the expansive basement, ideal for storage or workshop space, as well as the staircase leading to the second-floor apartment. The second-floor apartment is truly exceptional, featuring soaring cathedral ceilings and original wide plank hardwood floors. The spacious layout includes a bedroom, full bath with laundry, and an open-concept living area with designated spaces for the kitchen, dining, living room, and a family room or home office. Two unique lofts, each with its own staircase, provide flexible space for sleeping, hobbies, or additional storage. A detached two-car garage offers plenty of room for vehicles along with a generous workshop area. Above the garage is a private one-bedroom apartment complete with its own entrance, a side deck, and a rear deck overlooking the picturesque Cold River the perfect place to relax and enjoy the peaceful waterfront setting. Whether you're looking for an investment property, multi-generational living, or a unique riverside retreat with rental income, this remarkable historic property in Alstead NH on 5 plus acres offers endless possibilities in a truly special location.
Appliances : Electric Water Heater | Propane Water Heater
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UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 4
Level: 1
Info : Appliances Included,Electric Range,Refrigerator
Tenant Pays : Electric,Heat,Hot Water,Internet Service
Lease Term : Annual
Signed Lease : Yes
Status : Leased
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UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 7
Level: 2
Info : Appliances Included,Cathedral Ceiling,Oil Heat,Electric Range,Refrigerator,Washer
Tenant Pays : Electric,Heat,Hot Water,Internet Service
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UNIT 3 INFORMATION
Beds: 1
Baths: 1
Rooms: 4
Level: 2
Tenant Pays : Electric,Heat,Hot Water,Internet Service
Lease Term : Month to Month
Signed Lease : Unk
Status : Leased
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CONSTRUCTION
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Post and Beam | Brick Exterior | Exterior Color Brick | Year Built: 1793
No. of Floors:2
Total Sq.Ft. Finished: 5000
Above Grade Sq.Ft.: 5000
Apx Below Grade Unfinished Sq.Ft.: 1444
Price Per SQ.FT. 87.00
Basement: Dirt Floor | Full | Basement Stairs
Heating: Propane | Oil | Hot Air
Cooling: None
Electric: 200+ Amp Service | Circuit Breaker(s) | On-Site
Utilities: Cable Available
Electric Meters: 3
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Style: Historic Vintage
Roof: Asphalt Shingle
Water: Drilled Well | Private
Sewer: Concrete | Leach Field On-Site | On-Site Septic Exists | Private
Seasonal: No
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LAND LOT INFORMAITION
Lot Description: Country Setting | River Frontage
Lot size: 5.2 acres
Zoned: RURAL
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 1100
Driveway: Gravel
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PROPERTY INFORMATION
Docs Available : Deed | Property Disclosure | Tax Map
Taxes $5,779
| Assesed Value $214,200 in 2024
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AREA INFORMATION
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School District: Fall Mountain Reg SD SAU #60
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