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18 Elm Street, Northfield, NH 03276

View property features, location on map, relevant school information and overview from seller's agent.

Listed byEXP Realty
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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

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Sourced from: PrimeMLS MLS®#: 5057314 Last checked:

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