Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pleasant Street Apartments: 11 Units Title is generated by Realmo AI

    331 Pleasant St, Berlin, NH 03570

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-maintained, fully occupied 11-unit apartment building in Berlin, New Hampshire.

    Type:Multifamily
    Property size:
    7,838 SF
    Price / SF:
    $79/SF
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 25 at 8:40 pm

    Property Features for 331 Pleasant St

    General Information

    Standard status
    Active
    Size
    7,838 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Christopher Minchin

    Listing agent Christopher Minchin License #BK3282270

    Listing office The Apartment King

    Listing date Mar 24, 2026

    Source Crexi

    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 The Apartment King

    HighLights

    • 100% Occupancy: Demonstrates strong demand and immediate income generation.
    • Well‑Maintained: Features vinyl siding, concrete cellar floors, and rewired electrical systems.
    • Long‑Standing Live‑In Property Manager: Ensures professional on‑site management and tenant relations.
    • No Faults Reported in Recent Insurance Inspections: Highlights the building's solid condition.
    • Electric Heat with Zoned Thermostats (Tenant Paid): Simplifies management and eliminates heating expenses for the owner.
    • Strong Curb Appeal: Enhances the property's attractiveness to potential tenants.

    Overview

    Pleasant Street Apartments is an 11-unit apartment building located in Berlin, New Hampshire. Constructed around 1900, the building features vinyl siding and concrete floors in the cellar. The electrical systems have been rewired, with circuit breaker panels in each apartment. The plumbing consists of cast iron, copper, and plastic. Each unit has electric heat with zoned thermostats, with costs paid by the tenants. The property benefits from a long-standing live-in property manager of 17 years. Recent insurance inspections reported no faults or required repairs. The property is currently operating at 100% occupancy, reflecting the demand for workforce housing in Berlin. The building has a total size of 7838 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1782295
    Latitude
    44.4725959

    Nearby Similar for Sale

    • $350,000

      Main Street Commercial Opportunity

      Versatile commercial property on Main Street in Berlin, NH.
      206 Main Street, Berlin, NH 03570
      View Details
    • $320,000
      4,201 SF

      Four-Unit Multifamily Investment Opportunity

      Four-unit multifamily property with long-term tenants and garage parking.
      758 Glen Avenue, Berlin, NH 03570
      View Details
    • $214,500
      2,680 SF

      Spacious Multi-Family Investment Opportunity

      Two-unit property with potential for owner-occupants or investors.
      768 Third Avenue, Berlin, NH 03570
      View Details
    • $1,280,000

      Turnkey Recreational and Self-Storage Investment

      Recreational and self-storage investment property in Berlin, New Hampshire.
      5 Saint Laurent Lane, Berlin, NH 03570
      View Details
    • $249,900
      4,102 SF

      Versatile Industrial-Zoned Multi-Family Property

      Income potential and exceptional workspace in Berlin, New Hampshire.
      511 Goebel Street, Berlin, NH 03570
      View Details
    • $174,900

      Income-Producing Commercial Property, Berlin NH

      Multi-tenant commercial building with immediate income and growth potential.
      961 Main Street, Berlin, NH 03570
      View Details
    • $179,000
      4,000 SF

      Berlin Multi-Family Investment Opportunity

      Three-unit building on 0.23 acres near ATV/Snowmobile trails.
      457 Hillsboro Street, Berlin, NH 03570
      View Details
    • $129,900
      1,664 SF

      Versatile Multi-Family Property

      Two-unit property with investment and owner-occupancy potential.
      866 5Th Avenue, Berlin, NH 03570
      View Details
    • $160,000
      2,016 SF

      Two-Family Home on Large Lot

      Two-unit property with ample parking and yard space for tenants.
      116 Sessions Street, Berlin, NH 03570
      View Details
    • $95,000
      2,736 SF

      Berlin Multi-Family Investment Opportunity

      Multi-family property ready to be finished your way.
      712 2Nd Avenue, Berlin, NH 03570
      View Details
    • $184,000
      1,748 SF

      Berlin Multi-Family Investment Opportunity

      Two-unit multi-family property with mountain views and recent updates.
      305 coos Street, Berlin, NH 03570
      View Details
    • $70,000

      Downtown Berlin Mixed-Use Building

      Three-story commercial/mixed-use building in downtown Berlin, NH for sale.
      67 Main Street, Berlin, NH 03570
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained, fully occupied 11-unit apartment building in Berlin, New Hampshire.
    Where is this apartment building located?
    The property is located at 331 Pleasant St Berlin, NH.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 100% Occupancy: Demonstrates strong demand and immediate income generation.; Well‑Maintained: Features vinyl siding, concrete cellar floors, and rewired electrical systems.; Long‑Standing Live‑In Property Manager: Ensures professional on‑site management and tenant relations.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher Minchin
    Real Estate License ID: BK3282270
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    331 Pleasant St, Berlin, NH 03570
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!