87 Mechanic Street
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$435,000

87 Mechanic Street
Alstead, NH 03602
Listed by Robin N Sanctuary · Traditions Real Estate LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1793

About this home

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.

Highlights

Waterfront

Property details

MLS #
5097930
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
41
On market date
N/A
Stories
N/A
Garage spaces
2
Lot size
5.2 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Alstead Primary School
0.17 mi away · Grades -1-4
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
84
Student:teacher ratio
7.6:1
District
Fall Mountain Regional School District
Middle
Vilas Elementary School
0.08 mi away · Grades 5-8
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
90
Student:teacher ratio
9.0:1
District
Fall Mountain Regional School District
High
Fall Mountain Regional High School
2.67 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
497
Student:teacher ratio
12.4:1
District
Fall Mountain Regional School District

Mortgage calculator

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Est. monthly payment
$2,770/mo
$87,000 down
$348,000 loan
Principal & interest$2,257
Property tax (est.)$363
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' 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 07/06/26.