$1,350,000

About this home

197 Richards Avenue presents a rare investment opportunity in Portsmouth's highly sought-after Little Harbor neighborhood. Situated on a generous 0.24-acre lot just moments from downtown, this three-unit property offers an exceptional combination of location, income potential, and future upside in one of the Seacoast's most desirable markets. The property features approximately 2,405 square feet of finished living space across three residential units, each thoughtfully equipped with its own in-unit washer and dryer. Ample off-street parking is located behind the building. Whether maintained as an income-producing asset, repositioned through renovations and value-add improvements, or utilized as an owner-occupied investment opportunity, 197 Richards Avenue offers the flexibility and long-term potential rarely found in such a premier Portsmouth location. Opportunities to acquire multifamily properties with this combination of scale, location, and redevelopment potential are increasingly limited.

Property details

MLS

Prime MLS

MLS #

5097886

Property type

Residential Income

Subdivision

N/A

Status

Under contract

Days on market

7

On market date

N/A

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.24 acres

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.