This RARE DOUBLE LOT OPPORTUNITY is move in ready. Build your new home while living in the old, then take advantage of the increasing high demand for single family rentals & rent out the beautiful 1942 Cape. This vintage gem in the heart of Portsmouth's Historic District is available for the first time in 59 years. Lovingly maintained with a large addition & full rear dormer, offers charm, character & impressive original millwork. Step inside & fall in love with the newly refinished warm oak flooring that spans throughout both floors of the original home. Sip morning coffee & enjoy a fresh pastry (purchased from the local bakery on your morning walk) in the peaceful sunlit kitchen. Host a dinner party in your sizable dining room or relax by the central fireplace in one of the two living rooms. In addition to the three upstairs bedrooms there is an office, full bath and a cute eaves tunnel. With a brand new roof, professionally restored windows, fresh paint (inside and out), and newer systems, you can move right in! Pre-inspected, fully appraised, freshly surveyed and professionally deep cleaned. Buy the home alone, offered at 850K or purchase it with the additional buildable, newly subdivided back lot (offered at 425K). Keep the open space or expand to your desire! Conveniently located 9/10 mile from Market Square on a tree lined lot ensuring lots of privacy. Come make Portsmouth your happy place!