Contiguous Mixed-Use Multifamily
111 -113 South Main Street Concord, NH 03301
111 -113 South Main Street, Concord, NH, 03301
$2,245,000
For Sale
$2,245,000
Four abutting income properties total ten units, combining street-level commercial space with residential apartments.
Property Size14,097 SF
Price / SF$159.25
Days on Market154
Property Features for 111 -113 South Main Street
General Information
- Standard status
- Active
- Size
- 14,097 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Downtown Realty
Listed by
Matthew Lefebvre
(603) 642-5171
Source
Mbgre
Added: Feb 17 Updated: Jul 21 at 2:25AM Checked: Jul 21 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Downtown Realty
Investment Insights
Based on property information with market context.
This for-sale four-property, contiguous investment portfolio includes mixed-use and multifamily buildings totaling ten units across abutting parcels. 111 & 113 South Main Street are part of the assemblage, along with 4–6 Sexton Avenue and 11 Whittridge Avenue. 111 South Main Street is a mixed-use three-unit property with street-level commercial space leased to a tattoo studio and two apartments: one three-bedroom/one-bath unit and one two-bedroom/one-bath unit. 113 South Main Street is a two-unit commercial building with one unit leased long-term to a gym operator and a second unit leased as a sales office for a pest control services provider.
4–6 Sexton Avenue is a three-unit multifamily building with two one-bedroom/one-bath apartments and one three-bedroom/one-bath apartment. 11 Whittridge Avenue is a duplex featuring two two-bedroom/one-bath units, completing the residential component of the portfolio.
The portfolio provides frontage along South Main Street and access from adjacent residential streets, located just south of downtown Concord’s core with convenient access to I-93 and proximity to retail, employment centers, and public transportation.
4–6 Sexton Avenue is a three-unit multifamily building with two one-bedroom/one-bath apartments and one three-bedroom/one-bath apartment. 11 Whittridge Avenue is a duplex featuring two two-bedroom/one-bath units, completing the residential component of the portfolio.
The portfolio provides frontage along South Main Street and access from adjacent residential streets, located just south of downtown Concord’s core with convenient access to I-93 and proximity to retail, employment centers, and public transportation.
Key Highlights
- Four abutting income properties total 10 units across 111 & 113 South Main Street, 4‑6 Sexton Avenue, and 11 Whittridge Avenue.
- 111 South Main Street: mixed‑use 3‑unit building with street‑level commercial space plus two apartments (3BR/1BA and 2BR/1BA).
- 113 South Main Street: two‑unit commercial building with long‑term leases—one unit for a gym operator and one leased to a pest control sales office.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $304.5k | $21.60 |
| − Vacancy | −$41.7k | −$2.96 |
| EGI | $262.8k | $18.64 |
| − OpEx | −$65.7k | −$4.66 |
| NOI | $197.1k | $13.98 |
14,097 SF · lease $21.60/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.82M
$2.46M – $3.28M
NOI $197,085 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$2.67M
$2.33M – $3.11M
NOI $186,592 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,940 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Seticare
Home Health Care Service
Ethereal Tattoo LLC
Tattoo & Piercing Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Four abutting income properties total ten units, combining street-level commercial space with residential apartments.
Where is this apartment building located?
The property is located at 111 -113 South Main Street Concord, NH.
What is the asking price?
The asking price for this property is $2,245,000.
What are key features of this property?
This property features: Four abutting income properties total 10 units across 111 & 113 South Main Street, 4‑6 Sexton Avenue, and 11 Whittridge Avenue.; 111 South Main Street: mixed‑use 3‑unit building with street‑level commercial space plus two apartments (3BR/1BA and 2BR/1BA).; 113 South Main Street: two‑unit commercial building with long‑term leases—one unit for a gym operator and one leased to a pest control sales office.
