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Multi Family Home $435,000 | $87 per sq.ft.
3 Unit Multi Family Home,
87 Mechanic Street Alstead NH
With 2 - One Bedroom Units | 1 - Two Bedroom Units
| MLS# 5097930 -
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Listed by Robin Sanctuary Traditions Real Estate LLC Cell: 603-313-9165 on July 2nd 2026
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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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
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
UNIT 3 INFORMATION
Beds: 1Baths: 1Rooms: 4Level: 2Status : Leased -
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
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
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 INFORMATION
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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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ADDITIONAL INFORMATION
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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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Data last updated July 10th, 2026
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