Renovated Mixed-Use
For Sale
$2,550,000
41-43 Central Street, Haverhill, NH 03785
Multi-Family, Haverhill, NH
Property Size17,073 SF
Lot Size0.25 Acres
Price / SF$149.36
Days on Market418
Property Features for 41-43 Central Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
350 WOODSVILLE COM
Rooms
Basement
Parking features
On Street
Lot features
Level, In Town
Standard status
Active
Size
17,073 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15765
Utilities
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1875
Floors in Building
3
Number of units
20
Flooring type
Hardwood, Carpet
Building materials
Brick Exterior
Roof type
Membrane, Flat
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 610-8500
Listed By:
Viktoria Alkova · License #074657
(603) 610-8500
Added: Jul 9, 2025
Changed: Aug 20
Last Checked: Aug 30 at 4:06AM
MLS# 5050830
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 17,073-square-foot mixed-use building contains 17 remodeled apartments and four updated retail storefronts within a three-story layout. The residential units are fully leased, while the ground-floor commercial spaces are subject to long-term leases. Building improvements include a brick exterior, hardwood and carpet flooring, hot water heating, and a basement. The property was built in 1875 and includes a membrane flat roof.
The building occupies 0.25 acres at 41-43 Central Street in downtown Woodsville, within Haverhill, New Hampshire. Public water serves the property, and parking is available on street. Zoning is identified as 350 WOODSVILLE COM.
The building occupies 0.25 acres at 41-43 Central Street in downtown Woodsville, within Haverhill, New Hampshire. Public water serves the property, and parking is available on street. Zoning is identified as 350 WOODSVILLE COM.
Key Highlights
- 17,073 square feet across a three‑story mixed‑use building
- 17 remodeled residential apartments, all fully leased
- Four updated ground‑floor retail storefronts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$181,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,639,820
$3.6M
Cap Rate 7%
$2,599,871
$2.6M
Cap Rate 9%
$2,022,122
$2.0M
Market Conditions
NOI Build-Up for 17,073 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$276.6K $16.20/SF
− Vacancy
−$16.6K −$0.97/SF
EGI
$260.0K $15.23/SF
− OpEx
−$78.0K −$4.57/SF
NOI
$182.0K $10.66/SF
Area
Grafton County, NH
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,639,820
Cap Rate 7%
$2,599,871
Cap Rate 9%
$2,022,122
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,991 @ 7.0% cap · market cap 7.14%
Second Best
Mixed Use
$2.52M
$2.21M – $2.95M
NOI $176,706 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$3.76M
$3.29M – $4.38M
NOI $262,889 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 03785, NH
2,245
Population
1,329
Households
1.7
Avg Household Size
48
Median Age
17%
College-Educated
92%
High-School Grad
62.5 sq mi
ZIP Area
36
Density / Sq Mi
$56,449
Median Household Income
$47,855
Median Earnings
$1,075
Median Rent
$196,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property combines 17 apartments with four ground-floor retail spaces.
Where is this mixed-use property located?
The property is located at 41-43 Central Street Haverhill, NH.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 17,073 square feet across a three‑story mixed‑use building; 17 remodeled residential apartments, all fully leased; Four updated ground‑floor retail storefronts
