Prime mixed-use investment opportunity in the heart of Union Village. This historic two-story New Englander, formerly a general store and retail space, offers outstanding visibility and flexible business/commercial zoning, making it ideal for an investor or contractor seeking a true value-added project. Seller will be re-roofing the main structure, reducing a major upfront expense; however, the property will require significant updating, making it well-suited for renovation and repositioning. The main building features a spacious upper-level apartment, ideal for rental income or owner occupancy, while a separate Cape-style house provides an additional income-producing unit or guest space. Multiple buildings create strong potential for diversified cash flow. With wide redevelopment potential, the property lends itself to a variety of uses including a home business, Airbnb/short-term rental, retail storefront, café, or a revived general store. Set along scenic Drew Mill Pond, the location enhances its appeal for tenants and guests. Conveniently located near the Seacoast, lakes, and the Mount Washington Valley, the area supports steady year-round demand. Offered below assessed value, this is a compelling opportunity to add value and maximize long-term returns.
Active
Listed by: Assets Realty Group
Price cut: $40K (5/1)
$199,900
271 Main Street, Wakefield, NH 03887
6beds
2,400sqft
Est.:
Single Family Residence
Built in 1900
0.52 Acres Lot
$224,400 Zestimate®
$83/sqft
$-- HOA
What's special
Two-story new englanderSpacious upstairs apartment
- 56 days |
- 1,863 |
- 56 |
Zillow last checked:
Listing updated:
Listed by:
Michael D Dower,
Assets Realty Group 603-522-9000
Source: PrimeMLS,MLS#: 5079126
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Propane, Gas Heater, Hot Water, Radiator
Cooling
- None
Features
- Basement: Bulkhead,Dirt,Full,Interior Stairs,Unfinished,Interior Access,Exterior Entry,Basement Stairs,Interior Entry
Interior area
- Total structure area: 3,690
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Water
- Water view: Water
- Waterfront features: Pond Frontage, Pond Site, River, River Front, Stream, Waterfront
- Frontage length: Road frontage: 500
Lot
- Size: 0.52 Acres
- Features: Corner Lot, Curbing, Sidewalks, In Town
Details
- Parcel number: WKFDM00241B050000L000000
- Zoning description: Business Cmmercial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape
- Property subtype: Single Family Residence
Materials
- Timber Frame
- Foundation: Brick, Stone w/ Skim Coating
- Roof: Other Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: On-Site Septic Exists, Private Sewer, Unknown, Septic Tank
- Utilities for property: Cable, Propane
Community & HOA
Location
- Region: Union
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $322,400
- Annual tax amount: $2,804
- Date on market: 3/12/2026
- Road surface type: Paved
Estimated market value
$224,400
$213,000 - $236,000
$2,395/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Price change | $199,900-16.7%$83/sqft |
Source:  PrimeMLS #5079126 Report a problem | ||
| 4/20/2026 | Price change | $239,900-7.7%$100/sqft |
Source: PrimeMLS #5079126 Report a problem | ||
| 4/10/2026 | Price change | $259,900-3.7%$108/sqft |
Source: PrimeMLS #5079126 Report a problem | ||
| 3/30/2026 | Price change | $269,900-3.6%$112/sqft |
Source: PrimeMLS #5079126 Report a problem | ||
| 3/12/2026 | Listed for sale | $279,900+348.6%$117/sqft |
Source: PrimeMLS #5079126 Report a problem | ||
| 3/4/2026 | Sold | $62,400$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,424 +9.8% | $322,400 |
| 2023 | $2,208 +1.7% | $322,400 +81.8% |
| 2022 | $2,172 -1% | $177,300 |
| 2020 | $2,195 -12.7% | $177,300 -12.1% |
| 2019 | $2,515 +10.7% | $201,700 |
| 2018 | $2,271 +8.8% | $201,700 +22.2% |
| 2017 | $2,087 -2.2% | $165,000 |
| 2016 | $2,135 -0.9% | $165,000 |
| 2015 | $2,155 +2.3% | $165,000 -0.2% |
| 2014 | $2,106 +3.7% | $165,300 |
| 2013 | $2,030 +0.6% | $165,300 -2.1% |
| 2012 | $2,018 -0.2% | $168,900 |
| 2011 | $2,022 +2.4% | $168,900 |
| 2010 | $1,974 -5.4% | $168,900 -13.8% |
| 2009 | $2,087 -5.9% | $196,000 -13.3% |
| 2008 | $2,217 -13.9% | $226,000 -10.7% |
| 2006 | $2,576 | $253,000 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,259/mo
Principal & interest
$1082
Property taxes
$177
More affordability tools
Climate risks
Neighborhood: 03887
Nearby schools
GreatSchools rating
- 3/10Paul Elementary SchoolGrades: PK-8Distance: 4.3 mi
Schools provided by the listing agent
- District: Wakefield
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Hampshire
- Carroll County
- Wakefield
- 03887
- 271 Main Street
Nearby cities
Nearby zip codes
Other Wakefield Topics
