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Ten-Unit Multifamily with Road Frontage
For Sale
$875,000
Pending

38 Railroad Street, Charlestown, NH 03603

Fully occupied 10-unit property with road frontage on Depot and Railroad streets and tenant-paid electric.

Property Size4,506 SF
Lot Size0.50 Acres
Days on Market527

Property Features for 38 Railroad Street

General Information

Standard status Pending
Size 4,506 SF
Lot size 0.50 Acres
Property subtype Multi Family
Zoning Comm
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 10

Taxes and HOA fees

Annual Taxes $13,133

Amenities

Hot Water
Yes
2
10
Interior
Full, Unfinished
27
Asphalt Shingle
Grey
Wood Frame

Building Details

Year Built 1850
Tenancy Multi
Listing Agency: Twin State Realty LLC
Listed By: Henry Vashaw
Source: Compass
Added: Mar 28, 2025 Changed: Aug 7 Last Checked: Jul 24 at 2:20PM

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 Twin State Realty LLC

Investment Insights

Based on property information with market context.

This is a 10-unit multifamily property that is fully occupied. Tenant utilities include lights paid by tenants, while the remaining expenses are included in the rent. Please allow notice to tenants for showings, as the property is currently in service.

The building sits on a half-acre lot with plenty of parking and road frontage on Depot Street and Railroad Street. The site offers easy access to I-91, with Keene, NH and Springfield, VT within a short drive.

Photographs are from prior to the current tenant occupancy; the property remains fully occupied as of listing.

Key Highlights

  • 10‑unit multifamily property in downtown Charlestown, NH with full occupancy
  • Road frontage on Depot St and Railroad St
  • Tenants pay their own lights/electric; remaining utilities included in rent

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Dental Office Big Box & Wholesale Store Storage Facility Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby

Demographics for 03603, NH

5,127
Population
2,240
Households
2.3
Avg Household Size
48
Median Age
19%
College-Educated
92%
High-School Grad
44.3 sq mi
ZIP Area
116
Density / Sq Mi
$55,266
Median Household Income
$47,221
Median Earnings
$1,169
Median Rent
$181,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied 10-unit property with road frontage on Depot and Railroad streets and tenant-paid electric.
Where is this apartment building located?
The property is located at 38 Railroad Street Charlestown, NH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 10‑unit multifamily property in downtown Charlestown, NH with full occupancy; Road frontage on Depot St and Railroad St; Tenants pay their own lights/electric; remaining utilities included in rent
More about this property
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