Mixed-Use Building with
For Sale
$3,600,000
2-6 N Main St, Rochester, NH 03867
Three commercial spaces and a varied apartment mix occupy a brick building with off-street parking in downtown Rochester.
Property Size15,529 SF
Lot Size0.11 Acres
Price / SF$231.82
Days on Market45
Property Features for 2-6 N Main St
General Information
Standard status
Active
Size
15,529 SF
Total Parking Spaces
8
Lot size
0.11 Acres
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
need gut renovation
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Unit Mix
1 x 2BR/1BA, 4 x 1BR/1BA, 19 x Studio
Building Details
Year Built
1890
Construction
brick
Tenancy
Multi
Listing Agency:
Horvath & Tremblay LLC
Listed By:
William Peck · License #074816
(603) 218-1857
Source:
Arrisrealty
Added: Aug 27
Changed: Oct 8
Last Checked: Oct 9 at 8:08PM
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 Horvath & Tremblay LLC
Investment Insights
Based on property information with market context.
This brick mixed-use property contains three commercial units alongside 19 studio apartments, four one-bedroom/one-bathroom apartments, and one two-bedroom/one-bathroom apartment. Three apartments remain in shell condition and require gut renovation. The building has 15,529 square feet of gross living area within 23,965 square feet of gross area, and sits on a 0.11-acre parcel with eight off-street parking spaces. Built in 1890, it has gas-powered heat and hot water.
The property is on North Main Street in downtown Rochester, near the city’s central business district, the Main Street retail corridor, and surrounding residential neighborhoods. The landlord pays for gas heat and hot water, common-area electricity, electricity for the commercial units, and city water and sewer. Residential tenants, excluding the commercial units, pay separately metered electricity directly.
The property is on North Main Street in downtown Rochester, near the city’s central business district, the Main Street retail corridor, and surrounding residential neighborhoods. The landlord pays for gas heat and hot water, common-area electricity, electricity for the commercial units, and city water and sewer. Residential tenants, excluding the commercial units, pay separately metered electricity directly.
Key Highlights
- Three commercial units and 24 apartments, including 19 studios, four one‑bedroom/one‑bathroom units, and one two‑bedroom/one‑bathroom unit
- Three apartments are in shell condition and require gut renovation
- 15,529 square feet of gross living area within 23,965 square feet of gross area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,230
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,764,600
$3.8M
Cap Rate 7%
$2,689,000
$2.7M
Cap Rate 9%
$2,091,444
$2.1M
Market Conditions
NOI Build-Up for 15,529 SF
Gross rent
$279.5K $18.00/SF
− Vacancy
−$10.6K −$0.68/SF
EGI
$268.9K $17.32/SF
− OpEx
−$80.7K −$5.19/SF
NOI
$188.2K $12.12/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,764,600
Cap Rate 7%
$2,689,000
Cap Rate 9%
$2,091,444
Alternative Uses
Best Use
Retail
$2.69M
$2.35M – $3.14M
NOI $188,230 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$2.23M
$1.95M – $2.60M
NOI $156,212 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$4.15M
$3.64M – $4.85M
NOI $290,815 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
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Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial spaces and a varied apartment mix occupy a brick building with off-street parking in downtown Rochester.
Where is this mixed-use property located?
The property is located at 2-6 N Main St Rochester, NH.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Three commercial units and 24 apartments, including 19 studios, four one‑bedroom/one‑bathroom units, and one two‑bedroom/one‑bathroom unit; Three apartments are in shell condition and require gut renovation; 15,529 square feet of gross living area within 23,965 square feet of gross area
