Mixed-Use Property with Furnished
For Sale
$13,900,000
1331 Elm Street, Manchester, NH 03101
Secure-access property combining furnished residential units with commercial space and on-site parking.
Property Size51,550 SF
Days on Market49
Property Features for 1331 Elm Street
General Information
Standard status
Active
Size
51,550 SF
Total Parking Spaces
45
Property subtype
Multifamily
Site & Location
Neighborhood
Downtown
Additional Details
Furnished
Yes
Multifamily Units
52
Amenities
secure access building
Building Details
Building Size
51,550 SF
Year Built
1910
Listing Agency:
New England Realty Advisors LLC
Listed By:
Brad Carlson · License #MA #9584876
(781) 334-8044
Source:
Nerealtyadvisors
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 23 at 4:15AM
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 New England Realty Advisors LLC
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Investment Insights
Based on property information with market context.
The Bedford Block is a mixed-use property built in 1910 with 52 residential apartments and 10 commercial units. The apartments are furnished and positioned within a secure-access building, providing a defined residential component alongside commercial occupancy. The property includes 45 on-site parking spaces, with additional long-term parking available on a neighboring lot.
Located at 1331 Elm Street in Manchester, New Hampshire, the asset combines residential and commercial uses within one property. Its configuration includes a substantial apartment component, dedicated commercial units, furnished accommodations, and parking resources serving the site.
Located at 1331 Elm Street in Manchester, New Hampshire, the asset combines residential and commercial uses within one property. Its configuration includes a substantial apartment component, dedicated commercial units, furnished accommodations, and parking resources serving the site.
Key Highlights
- 52 residential apartments
- 10 commercial units
- Furnished apartment component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$647,798
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,955,960
$13.0M
Cap Rate 7%
$9,254,257
$9.3M
Cap Rate 9%
$7,197,756
$7.2M
Market Conditions
NOI Build-Up for 51,550 SF
Gross rent
$1.24M $24.00/SF
− Vacancy
−$59.4K −$1.15/SF
EGI
$1.18M $22.85/SF
− OpEx
−$530.0K −$10.28/SF
NOI
$647.8K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,955,960
Cap Rate 7%
$9,254,257
Cap Rate 9%
$7,197,756
Alternative Uses
Best Use
Apartment 5plus
$9.25M
$8.10M – $10.80M
NOI $647,798 @ 7.0% cap · market cap 4.66%
Second Best
Mixed Use
$8.22M
$7.19M – $9.59M
NOI $575,298 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$12.66M
$11.08M – $14.77M
NOI $886,145 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
52
Residential units
Location Intelligence
Trade Area within ½ mile
3,930
Businesses Nearby
Explore this area
Business Placement
Demographics for 03101, NH
3,885
Population
2,247
Households
1.7
Avg Household Size
35
Median Age
49%
College-Educated
92%
High-School Grad
0.8 sq mi
ZIP Area
4,856
Density / Sq Mi
$80,483
Median Household Income
$56,974
Median Earnings
$1,587
Median Rent
$418,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Secure-access property combining furnished residential units with commercial space and on-site parking.
Where is this mixed-use property located?
The property is located at 1331 Elm Street Manchester, NH.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: 52 residential apartments; 10 commercial units; Furnished apartment component
