197 Richards Ave AvenuePortsmouth, NH 03801MLS Number 5097886

Price: $1,350,000
Est. Mortgage of $/month
2 Days on Market

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.

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Basic Information

StatusACT
List Price$1,350,000
Date Price Change07/02/2026
MLS Number5097886
MLS StatusActive

Property

Acreage0.24
GarageNo
Parking Spaces
Lot DescriptionSidewalks, In Town, Near Shopping, Neighborhood, Near School(s)
Square Feet2,405
APX Fin AG Sqft2,405
RoadsPaved, Public Maintained Road
AreaNH-Rockingham

Other

Taxes$15,641
Seasonal Y/NNo
Date Listed07/02/2026

Location

TownPortsmouth
StateNH
Zip03801
CountyRockingham
ZoningGRA
Address197 Richards Ave Avenue
Flood Zone Y/NNo

Exterior

RoofShingle

Utilities

Heat SystemBoiler
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable Available

Amenities

PricePerSqFt561.33

Building

Year Built1900
Building ConstructionVinyl Siding
StyleTri-Level
Units3
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Total Rooms5
Unit 2 Bath1
Unit 2 Total Rooms3
Unit 3 Bath1
Unit 3 Bedrooms1
# of 1 Bedrooms3
Bathroom3
Total Baths3
BasementBasement Stairs, Concrete Floor, Exterior Access, Interior Stairs, Walkout
FoundationBrick, Concrete, Stone

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 July 3, 2026 11:38 AM UTC

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197 Richards Ave AvenuePortsmouth, NH 03801MLS Number 5097886

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