87 Mechanic Street, Alstead, NH 03602

• 6,444 sqft

Property Description

Dreaming of riverfront living with income potential? This one-of-a-kind multi-family property overlooks the scenic Cold River, renowned for its excellent fishing opportunities. Rich in history, the building was originally a grist mill and has been thoughtfully converted into a three-unit multi-family property while preserving much of its original character. The first floor apartment is a beautifully updated one bedroom unit offering comfortable, modern living. The remainder of the first floor serves as an inviting common area featuring the building's stunning original brick walls, showcasing the property's historic charm. From this shared space, you'll find access to the expansive basement, ideal for storage or workshop space, as well as the staircase leading to the second-floor apartment. The second-floor apartment is truly exceptional, featuring soaring cathedral ceilings and original wide plank hardwood floors. The spacious layout includes a bedroom, full bath with laundry, and an open-concept living area with designated spaces for the kitchen, dining, living room, and a family room or home office. Two unique lofts, each with its own staircase, provide flexible space for sleeping, hobbies, or additional storage. A detached two-car garage offers plenty of room for vehicles along with a generous workshop area. Above the garage is a private one-bedroom apartment complete with its own entrance, a side deck, and a rear deck overlooking the picturesque Cold River the perfect place to relax and enjoy the peaceful waterfront setting. Whether you're looking for an investment property, multi-generational living, or a unique riverside retreat with rental income, this remarkable historic property in Alstead NH on 5 plus acres offers endless possibilities in a truly special location.

Listing Status:

Active

Date Added:

July 2, 2026

Data Last Updated:

July 31, 2026 at 3:00AM

Listing Office:

Traditions Real Estate LLC : 603-756-3973

Listing Agent:

Robin N Sanctuary : 603-313-9165 : robin@traditionsreal-estate.com

MLS ID:

5097930

Interior

• Appliances: Electric Water HeaterPropane Water Heater
• Basement: Dirt FloorFullBasement Stairs
• Flooring: Hardwood
• A/C: None
• Heating: PropaneOilHot Air

Exterior

• General: Garden SpaceNatural ShadeOutbuildingCovered Porch
• Style: Historic Vintage
• Parking: DrivewayParking Spaces 1 - 10

Construction

• Roofing: Asphalt Shingle
• General: Post and BeamBrick ExteriorBrickFieldstone

Location

• Road/Access: PavedPublic
• School District: Fall Mountain Reg SD SAU #60
• County: Cheshire

Lot

• Driveway: Gravel
• Zoning: RURAL

Utilities

• Utilities: Cable Available
• Water: Drilled WellPrivate
• Sewer: ConcreteLeach Field On-SiteOn-Site Septic ExistsPrivate