2 Pleasant St, Rochester, NH 03867

Property Description

This long-admired Victorian-era triplex is the one you’ve driven by thousands of times — a rare opportunity for proud ownership by an investor or owner-occupant, with a potential cap rate over 10%. Situated on a spacious .3-acre corner lot with TWO separate buildings — the main duplex (2,544 SF) and a carriage house (816 SF). Exuding excellent curb appeal, it features a new roof, sharp new blue vinyl siding, and new windows. Tour through the main house’s lower unit and experience its character with stunning hardwood floors featuring select pine, crown molding, and tray ceilings. This nearly 1,500 SF unit offers a spacious multi-room layout with room for both living and dining areas. The carriage house offers privacy with beautiful hardwood floors, wood trim, and open-concept living. It features an open loft bedroom upstairs along with its own dedicated driveway and parking. The third unit, located in the main house, is a townhouse-style layout spanning three levels, complete with a nice front porch and fenced-in outdoor area. The current long-term tenant provides immediate income, though the unit needs work and offers a strong value-add opportunity for the new owner to update and build equity. Owners enjoy plenty of parking, young heating systems, and separate utilities. That is not all, the location can not get any better, as tenants are located in the heart of downtown and are only steps away from Spaulding high, restaurants, convenience stores, major routes and more. Also enjoy being just minutes away from Hanson Pines walking trails and the Cocheco River.