14 Pleasant Street, Plymouth, NH 03264

• 5 beds |
• 2 baths |
• 3,963 sqft

Property Description

Assumable FHA loan at 3.5% on ~$254K — saving the buyer $466 per month, over $167,000 in interest over the life of the loan. This fully furnished, turnkey income-producing colonial sits right around the corner from Plymouth State University and the charming town center, nestled at the gateway to the White Mountains and Lakes Region. Currently operating as a proven student and young professional rental with an established rent roll, this expansive 5-bedroom, 2 full bath 1907 colonial offers 2,745 sq ft across three floors plus a 1,218 sq ft unfinished basement on 0.27 acres. Original coffered ceilings, corner fireplace, a light-filled sun-room and classic farmer's porch round out a property that is as livable as it is lucrative. Over $110,000 in documented capital improvements since 2022: full roof replacement; 200-amp panel upgrade; 36 new energy efficient windows; comprehensive kitchen remodel including new stainless appliances; two hyper heat pump systems; new water heater; two updated full bathrooms; refinished hardwood floors; fenced yard with patio and fire pit; newly paved driveway. A rare zoning advantage — grandfathered legal nonconforming use confirmed by FHA-certified appraiser and Plymouth Building Inspector in 2022. With a stabilized NOI of $66,300 and a 10.2% CAP rate, this home is priced $183K below the certified rebuild cost of $832K. The detached 3-car garage and unfinished basement each represent potential significant ADU conversion opportunities — with the ability to expand into a multi-unit income asset, subject to permitting. 1031 exchange and investor inquiries welcome.

Listing Status:

Active

Date Added:

April 21, 2026

Data Last Updated:

May 19, 2026 at 9:57PM

Listing Office:

Lamacchia Realty, Inc. : 603-791-4992

Listing Agent:

Anthony Castellano : : acastellano@lamacchiarealty.com

MLS ID:

5084567

Interior

• General: Ceiling FanFurnishedKitchen/DiningNatural LightWalk-in Closet1st Floor LaundryWalkup Attic
• Appliances: DishwasherDisposalDryerMicrowaveElectric RangeRefrigeratorWasherTank Water Heater
• Basement: Concrete FloorUnfinished
• Flooring: CarpetHardwoodTile
• A/C: Wall AC Units
• Heating: PropaneForced AirHeat Pump

Exterior

• General: Partial FenceCovered Porch
• Style: Colonial
• Parking: DrivewayGarageOff StreetParking Spaces 6+Detached

Construction

• Roofing: Asphalt Shingle
• General: Vinyl SidingFieldstone

Location

• Road/Access: Paved
• School District: Plymouth School District
• County: Grafton

Lot

• Driveway: Paved
• Zoning: SFR

Utilities

• Utilities: Cable Available
• Water: Public
• Sewer: Public