16-Bed Student Housing
For Sale
$1,100,000
3 Pearl Street, Plymouth, NH 03264
Furnished private rooms and shared amenities serve its current all-inclusive student-housing operation.
Property Size5,548 SF
Price / SF$198.27
Days on Market29
Property Features for 3 Pearl Street
General Information
Standard status
Active
Size
5,548 SF
Property subtype
Multifamily
Building Details
Year Built
1890
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 1:41PM
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 Longview Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 16-bed legal rooming house in Plymouth offers 5,500+ SF and 5 ½ baths. The property is fully occupied and currently operates as all-inclusive student housing for PSU. Private bedrooms are furnished and include keypad locks and individual Nest thermostats; some also have mini fridges and built-in cabinetry. Shared facilities include a community kitchen and a commercial-grade laundry room with card-operated washers and gas dryers.
Kitchen equipment includes two ovens, two microwaves, four refrigerators and a dishwasher. The building has a FHW oil boiler, supplemental electric wall units, vinyl replacement windows and a metal roof on part of the structure. Electrical and plumbing upgrades have been completed in much of the property. Nest smoke detectors and Ring cameras support remote oversight; business-class WiFi, premium cable and a reverse-osmosis water dispenser are also provided. Furniture, household goods, appliances and other listed equipment are included in the sale. The property has a 9-cap.
Kitchen equipment includes two ovens, two microwaves, four refrigerators and a dishwasher. The building has a FHW oil boiler, supplemental electric wall units, vinyl replacement windows and a metal roof on part of the structure. Electrical and plumbing upgrades have been completed in much of the property. Nest smoke detectors and Ring cameras support remote oversight; business-class WiFi, premium cable and a reverse-osmosis water dispenser are also provided. Furniture, household goods, appliances and other listed equipment are included in the sale. The property has a 9-cap.
Key Highlights
- 16 beds and 5 ½ baths in a legal rooming house
- 5,500+ SF building, currently fully occupied
- Current operation provides all‑inclusive student housing for PSU
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,440
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,800
$1.0M
Cap Rate 7%
$720,571
$720.6K
Cap Rate 9%
$560,444
$560.4K
Market Conditions
NOI Build-Up for 5,548 SF
Gross rent
$96.5K $17.40/SF
− Vacancy
−$4.8K −$0.87/SF
EGI
$91.7K $16.53/SF
− OpEx
−$41.3K −$7.44/SF
NOI
$50.4K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,800
Cap Rate 7%
$720,571
Cap Rate 9%
$560,444
Alternative Uses
Best Use
Apartment 5plus
$720.6K
$630.5K – $840.7K
NOI $50,440 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,428 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
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Business Placement
Demographics for 03264, NH
7,054
Population
2,720
Households
2.6
Avg Household Size
28
Median Age
50%
College-Educated
97%
High-School Grad
36.5 sq mi
ZIP Area
193
Density / Sq Mi
$75,600
Median Household Income
$28,856
Median Earnings
$1,178
Median Rent
$273,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Furnished private rooms and shared amenities serve its current all-inclusive student-housing operation.
Where is this multifamily property located?
The property is located at 3 Pearl Street Plymouth, NH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 16 beds and 5 ½ baths in a legal rooming house; 5,500+ SF building, currently fully occupied; Current operation provides all‑inclusive student housing for PSU
