Multi-Family for Sale: 201 Cate Street #201-A, 201-B, & 201-C, Portsmouth, NH 03801

2,697 sqft
201 Cate Street #201-A, 201-B, & 201-C, Portsmouth, NH 03801
2,697 sqft
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Type: Multi-Family
Style: Carriage, Other, Multi-Family, Colonial
Square Feet: 2,697 sqft
Lot Size: 0.42 acres
Year Built: 2003
Taxes Paid: $8,575

City: Portsmouth
County: Rockingham
School District: Portsmouth

MLS: 4921674
Status: Active
DOM: 77 days
Listed by BHHS Verani Seacoast, Janet Carroll & Mo Seiler
A rare opportunity in Portsmouth! This 2-parcel investment property is in a prime location! 201 Cate Street and 235 Cate Street are being SOLD TOGETHER! Located near the traffic circle, convenient to downtown Portsmouth, and adjacent to the Portsmouth West End Yards, these properties offer a 3-building package nestled in woods and next to Hodgson’s Brook. Currently, five apartment rentals and a business rental...please note: owners have not made a market adjustment for rents in many years. (Refer to Rental Potentials Stats Doc) All units meticulously maintained by a master-licensed and hands-on landlord/owner. The three buildings have been renovated and updated with highly efficient heating systems, building materials, and quality craftsmanship. The Carriage-House/Barn was totally uplifted and rebuilt into a glorious single-family 3-bedroom, 1-bath home with cathedral ceilings and beautiful hardwood beams. The main home on this property has been converted to two units, with a 2-bedroom + office, 2-bath on one side, and a 1-bedroom, 1-bath, 2-story unit on the other. Both units have their own entrances and highly sought-after parking spaces. The adjacent lot features a business on the 1st floor with two 1-bedroom apartments above, each with their own separate entrances consisting of wide hardwood staircases, and views of Hodgson’s Brook. Check out the possibility of condo conversion into two luxury townhomes, with room for a separate 2-unit building on the property.

Virtual Tours for 201 Cate Street Portsmouth, NH

Lot & Building Features

Utilities: Cable - Available, Internet - Cable, Gas - On-Site
Construction: Wood Frame
Cooling: Central AC, Wall AC Units, Individual
Heat Source: Gas - Natural
Heating: Gas Heater
Parking Description: Driveway, Paved, Parking Spaces 11 - 20, On-Site, Off Street
Sewer: Public
Tax Year: 2021
Taxes Paid: $8,575
Water: Public
Water Heater: Gas - Natural
Basement Description: Concrete, Stairs - Interior, Interior Access, Gravel, Exterior Access, Dirt, Concrete Floor
Foundation: Concrete, Other
Lot Description: City Lot, Wooded
Roof: Shingle
Exterior: Vinyl Siding
Garage: No

Community and Schools

Elementary School: Little Harbor School
Junior High School: Portsmouth Middle School
Senior High School: Portsmouth High School

Unit Features

Unit 1 Apx Sqft: 600
Unit 1 Info: Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 1 Lease Term: Month to Month
Unit 1 Level Number: 2-A
Unit 1 Rental Agreement: Yes
Unit 1 Rental Amount: 975.00
Unit 1 Rental Amt Freq: Monthly
Unit 1 Rooms: 2
Unit 1 Status: Leased
Unit 1 Style: 201-A - Apartment
Unit 1 Tenant Pays: Electric, Heat
Unit 2 Apx Sqft: 600
Unit 2 Baths: 1
Unit 2 Bedrooms: 1
Unit 2 Info: Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat - Natural Gas, Cooktop - Gas, CO Detector
Unit 2 Lease Term: Month to Month
Unit 2 Level Number: 2-B
Unit 2 Rental Agreement: Yes
Unit 2 Rental Amount: 975.00
Unit 2 Rental Amt Freq: Monthly
Unit 2 Rooms: 4
Unit 2 Status: Leased
Unit 2 Style: 201-B - Apartment
Unit 2 Tenant Pays: Electric, Heat
Unit 3 Apx Sqft: 1428
Unit 3 Baths: 2
Unit 3 Bedrooms: 0
Unit 3 Info: CO Detector, Smoke Detector, Laundry Hookup, Heat - Natural Gas
Unit 3 Lease Term: Month to Month
Unit 3 Level Number: 1-C
Unit 3 Rental Agreement: Yes
Unit 3 Rental Amount: 1200.00
Unit 3 Rental Amt Freq: Monthly
Unit 3 Rooms: 4
Unit 3 Status: Leased
Unit 3 Style: 201-C - Business w/AC
Unit 3 Tenant Pays: Electric, Heat

Price History of 201 Cate Street, Portsmouth, NH

Date Name Price Difference
07/20/2022 Listing Price $3,125,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 201 Cate Street, Portsmouth, NH

Location Map Street View Walk Score Bird's Eye
Photo of Kim Gero
Kim Gero
Direct: 603-452-7268
22 South Main St | PO Box 450
Wolfeboro, NH 03894

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Listing information courtesy of: Berkshire Hathaway HomeServices Verani Realty

Copyright 2022 New England Real Estate Network, Inc. All rights Reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 10/05/2022