INNOVATE Real Estate
Residential Income at 2 Depot & 27 Carroll Street, Pittsfield
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60 photos

$729,900

2 Depot & 27 Carroll Street
Pittsfield, NH 03263
Listed by Andy Yau · RE/MAX Shoreline
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1960

About this home

4 separate lots packaged, and approximately 20,000 SF between two large buildings with potential for 27+ units. The vacant parcel can accommodate approximately 30 parking spaces, or future development opportunities. The package includes a well-maintained 5-unit building featuring 6,769 SF of finished space, a cap rate exceeding 13.5%, and strong long-term tenants already in place. Additional upside exists through potential subdivision and conversion of the commercial and unfinished areas, creating the possibility for 15+ total units. Recent updates include renovated kitchens and baths in select units, newer flooring, a young roof, and a highly efficient Buderus boiler. Also included is a massive 8,300+ SF mixed-use building that formerly operated as a popular pizza restaurant, with substantial restaurant equipment still in place including pizza ovens, fridges, and burners. The upper floors require renovation but offer substantial square footage with the potential for 9+ additional apartments, contributing to the combined 27+ unit potential. Located in the heart of downtown Pittsfield, tenants enjoy walkable access to shops, restaurants, and everyday conveniences, while nearby Drake Field and the Suncook River provide outdoor recreation. Concord is under 30 minutes away, with Boston and Portsmouth also within reach. Buyers to perform their own due diligence regarding approvals, permitted uses, parking requirements, and development potential. PRIVATE SHOWINGS Friday 4–6PM & Saturday 1–3PM.

Property details

MLS #
5088472
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
91
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.76 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Pittsfield Elementary School
0.46 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
250
Student:teacher ratio
10.4:1
District
Pittsfield School District
Middle
Pittsfield Middle School
0.41 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
135
Student:teacher ratio
9.6:1
District
Pittsfield School District
High
Pittsfield High School
0.41 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
160
Student:teacher ratio
10.7:1
District
Pittsfield School District

Walkability

Blended score for Pittsfield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

26
Car-dependent
out of 100
EPA National Walkability Index
7.3 / 20 -- Below average walkable
Google Places amenity density
10 / 100
Restaurants & cafes0
Grocery stores0
Parks2
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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%
%
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% / yr
$
/mo
Est. monthly payment
$4,546/mo
$145,980 down
$583,920 loan
Principal & interest$3,787
Property tax (est.)$608
Home insurance (est.)$150

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