20-Unit Renovated Mixed-Use
New
For Sale
$2,550,000
41-43 Central Street Haverhill /, Woodsville, NH 03785
Three-story property combines updated apartments, retail storefronts, and on-site resident parking in downtown Woodsville.
Property Size17,073 SF
Days on Market2
Property Features for 41-43 Central Street Haverhill /
General Information
Standard status
Active
Size
17,073 SF
Property subtype
Multifamily / Mixed Use
Net Operating Income
$233,670
Units
Unit Mix
1 x three-bedroom, 10 x two-bedroom, 5 x one-bedroom, 1 studio
Multifamily Units
17
Additional Details
Sprinkler System
Yes
Amenities
security cameras
Building Details
Building Size
17,073 SF
Year Built
1875
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
KW Coastal Land & Commercial Group
(646) 577-1194
Listed By:
Viktoria Alkova · License #NH #074657
(646) 577-1194
Source:
Kwclcg
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:01AM
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 KW Coastal Land & Commercial Group
Investment Insights
Based on property information with market context.
Built in 1875, this three-story mixed-use building contains 17 remodeled apartments and three updated retail storefronts. The residential mix includes one three-bedroom unit, 10 two-bedroom units, five one-bedroom units, and one studio. Apartment improvements include new kitchens, bathrooms, flooring, paint, and fixtures.
Major building upgrades include a new roof, over 100 new windows, an updated heating system, electrical improvements, and a full sprinkler system. Two 1,000-gallon propane tanks and security cameras are also in place. The property is located in downtown Woodsville at 41-43 Central Street, with resident parking behind the building, additional parking permitted in the state-owned lot across the street, and street parking in front for retail customers.
Major building upgrades include a new roof, over 100 new windows, an updated heating system, electrical improvements, and a full sprinkler system. Two 1,000-gallon propane tanks and security cameras are also in place. The property is located in downtown Woodsville at 41-43 Central Street, with resident parking behind the building, additional parking permitted in the state-owned lot across the street, and street parking in front for retail customers.
Key Highlights
- 17 remodeled apartments and 3 updated retail storefronts
- Unit mix includes 1 three‑bedroom, 10 two‑bedroom, 5 one‑bedroom units, and 1 studio
- Three‑story building originally constructed in 1875
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
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3
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 updated apartments, retail storefronts, and on-site resident parking in downtown Woodsville.
Where is this mixed-use property located?
The property is located at 41-43 Central Street Haverhill / Woodsville, 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 remodeled apartments and 3 updated retail storefronts; Unit mix includes 1 three‑bedroom, 10 two‑bedroom, 5 one‑bedroom units, and 1 studio; Three‑story building originally constructed in 1875
