$435,000 | $87 per sq.ft. | MLS# 5097930
A
3
Unit Multi Family Home, 87 Mechanic Street Alstead NH
With 2 - One Bedroom Units | 1 - Two Bedroom Units
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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.
Appliances : Electric Water Heater | Propane Water Heater
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Annual Expenses
Taxes: $5,779 |
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Income
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UNIT 1 INFORMATION
Beds: 1Baths: 1Rooms: 4Level: 1Info : Appliances Included,Electric Range,RefrigeratorTenant Pays : Electric,Heat,Hot Water,Internet ServiceLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 2 INFORMATION
Beds: 2Baths: 1Rooms: 7Level: 2Info : Appliances Included,Cathedral Ceiling,Oil Heat,Electric Range,Refrigerator,WasherTenant Pays : Electric,Heat,Hot Water,Internet Service
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UNIT 3 INFORMATION
Beds: 1Baths: 1Rooms: 4Level: 2Status : Leased
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FEATURES AND DETAILS
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CONSTRUCTION: Post and Beam | Brick Exterior | Exterior Color Brick | Price Per SQ.FT. 87.00 | Year Built: 1793
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LAND DESCRIPTION:
LOT DESCRIPTION: Country Setting | River Frontage
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Avail.Sq.Ft.: 3
Livable Space: 5000
Above Grade Sq.Ft.: 5000
Below Grade Sq.Ft.: 0
Heating: Propane | Oil | Hot Air
Cooling: None
Electric: 200+ Amp Service | Circuit Breaker(s) | On-Site
Style: Historic Vintage
Roof: Asphalt Shingle
Water: Drilled Well | Private
Sewer: Concrete | Leach Field On-Site | On-Site Septic Exists | Private
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Lot size: 5.2 acres
Zoned: RURAL
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Road Frontage: 1100
Driveway: Gravel
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ADDITIONAL INFORMATION
Docs Available : Deed | Property Disclosure | Tax Map
Taxes $5,779 | Assesed Value $214,200 in 2024 |
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SCHOOLS
School District: Fall Mountain Reg SD SAU #60
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Historical Features
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1st floor unit entry
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Unit 1 kitchen
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Unit 1 bath
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Unit 1 living space
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Unit 1 living space
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UNit 1 bdroom
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Common Space Entry
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1st Floor Common Space
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1st floor common area
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Basement
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Basement floor plan
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Garage with apartment upstairs
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Garage space
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Heat source for garage and apartment above
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Unit above garage
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Summer House
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Deck off Summer House overlooking Cold River
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Cold River
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15 Buck Rd. Hanover, NH 03755 603-643-3942
Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College
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personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated July 21st, 2026
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