Date
Details
Price
Change
Source
6/02/2026
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,350,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 197 Richards Ave Ave
General
- Price: $1,350,000
- Taxes: $15,641
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5097886
- Updated: 7/7/2026
- Added to Site: 5 day(s) ago
Location
- County: Rockingham
- Driving Directions: Coming from the center of Downtown Portsmouth follow Congress street until you reach Middle St. Follow Middle street for .4 of a mile and make a left onto Richard Ave. You will find the home on your left 197 Richards Ave.
Heating & Cooling
- Cooling Type: None
- Heating Type: Boiler
Utilities
- Sewer: Public
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Basement Stairs, Concrete Floor, Exterior Access, Interior Stairs, Walkout
- Roof: Shingle
- Stories/Levels: 2
- Finished Total: 2,405 Sq. Ft.
- Finished Above Grnd: 2,405 Sq. Ft.
- Year Built: 1900
Unit Information
- 1 Bedroom Units: 3
Unit 1
- Square Feet: 1203
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Square Feet: 557
- Total Bathrooms: 1
Unit 3
- Square Feet: 736
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Frontage: TBD
- Driveway/Sidewalk: Paved
- Zoning: GRA
Financial Considerations
- Price Per Sq. Ft.: $561.33
- Assessment Amount: $1,358,900
- Tax Amount: $15,641
Disclosures and Reports
- Block: 42
Listed by Carey Giampa, LLC/Rye, Brady Roche and Kevin Erikson
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listed by Carey Giampa, LLC/Rye, Brady Roche and Kevin Erikson
Listing agents
— 197 Richards Ave Ave —
Brady Roche
Carey Giampa, LLC/Rye
Kevin Erikson
Phone: 207-703-8249
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 197 Richards Ave Ave
School District:Portsmouth School District, Portsmouth, NH
| Name | Grades | Distance |
|---|---|---|
Little Harbour School 50 Clough Drive, Portsmouth, NH 03801 | K-5 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 197 Richards Ave Ave
Estimate the Cost
Estimate the Cost for 197 Richards Ave Ave
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- Multi-Family
- Active
- Updated 2 days ago
- 2Units
- 1.08Acres
Listed by Keller Williams Coastal and Lakes & Mountains Realty
- Single Family
- Active
- Updated 7 hours ago
- 3Beds
- 2Total Baths
- 1,324Sq. Ft.
Listed by Anne Erwin Sotheby's International Realty
- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 1Total Bath
- 924Sq. Ft.
Listed by Parmley Properties
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,016Sq. Ft.
Listed by Keller Williams Coastal and Lakes & Mountains Realty
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- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 1,800Sq. Ft.
Listed by Julie Trask (207) 514-3499
- Single Family
- Active
- Updated 4 hours ago
- 3Beds
- 3Total Baths
- 2,850Sq. Ft.
Listed by Green & Co Development
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 2,374Sq. Ft.
Listed by Landvest, Inc.
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 1,924Sq. Ft.
Listed by Berkshire Hathaway HomeServices Verani Realty
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- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,482Sq. Ft.
Listed by The Aland Realty Group
Sold by KW Coastal and Lakes & Mountains Realty
Sold by KW Coastal and Lakes & Mountains Realty
- Condo
- Closed
- 3Beds
- 3Total Baths
- 1,879Sq. Ft.
Listed by The Aland Realty Group
Sold by Samonas Realty, LLC
Sold by Samonas Realty, LLC
- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,318Sq. Ft.
Listed by Duston Leddy Real Estate
Sold by Red Post Realty
Sold by Red Post Realty
- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,327Sq. Ft.
Listed by No MLS Listing Office
Sold by BHHS Verani Seacoast
Sold by BHHS Verani Seacoast
197 Richards Ave Avenue, Portsmouth, NH 03801 (MLS# 5097886) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 197 Richards Ave Avenue is currently listed for $1,350,000 and was received on July 02, 2026. Want to learn more about 197 Richards Ave Avenue? Do you have questions about finding other Multi-Family real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.