18 Elm Street, Northfield, NH 03276
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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: $2,000–$2,700/month per 3-bedroom unit, plus $1,200–$2,000 for the ADU, yielding $5,200–$7,400/month total. Construction Costs: $57,400–$85,300 to complete (plumbing, electrical, insulation, sheetrock, carpentry) ROI Potential: Annual rental income of $62,400–$88,800 against costs of $57,400–$85,300 offers a 5–7 year payback, with 24–35% 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!
Location
Full feature list
Basic info
- Property type
- Multi-family
- Lot size (acres)
- 0.35
- Year built
- 1901
Interior features
- Basement
- Yes, Finished
Exterior features
- Water view
- Yes
- Waterfront
- Waterfront
Utilities
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2024)
- $4,102
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: PrimeMLS MLS®#: 5057314 Last checked: …

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