87 Mechanic Street Alstead NH Multi Family For Sale $435000

List Price: $435,000 | $87 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 2 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units on Cold River
Date Listed Thursday Jul 2, 2026 | MLS# 5097930

Historical Features

1st floor unit entry

Unit 1 kitchen

Unit 1 bath

Unit 1 living space

UNit 1 bdroom

Common Space Entry

1st Floor Common Space

1st floor common area

Basement

Basement floor plan

Garage with apartment upstairs

Garage space

Heat source for garage and apartment above

Unit above garage

Summer House

Deck off Summer House overlooking Cold River

Cold River

To see this Listing

call
603-643-3942

Email Star Johnson

Address: 87 Mechanic Street Alstead NH
Listed by Robin Sanctuary Traditions Real Estate LLC Cell: 603-313-9165
Description:
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.

Annual Expenses

Taxes: $5,779

Income

Appliances : Electric Water Heater | Propane Water Heater

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

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

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

Construction: Post and Beam | Brick Exterior
Year Built: 1793
Style: Historic Vintage
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6444
Above Grade Sq.Ft.: 5000
Basement: Dirt Floor | Full | Basement Stairs

Exterior Color: Brick
Roof: Asphalt Shingle
Seasonal: No

Land Information
Country Setting | River Frontage
Lot size: 5.2 acres
Zoned: RURAL)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 1100
Driveway: Gravel

Additional Information
Docs Available : Deed | Property Disclosure | Tax Map
Block - 000
Taxes $5,779
Assesed Value Not Reported

Schools
School District: Fall Mountain Reg SD SAU #60

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942
CONTACT STAR

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