Historic Mixed-Use
416 Central Street Franklin, NH 03235
416 Central Street, Franklin, NH, 03235
$950,000
For Sale
$950,000
MULTI_FAMILY - Other - Franklin, NH
Property Size4,714 SF
Lot Size0.08 Acres
Price / SF$201.53
Days on Market242
Property Features for 416 Central Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 04-B2
- Bedrooms
- 2
- Bathrooms
- 7
- Rooms
- Bedroom 1, Bedroom 2, Basement, Bathroom 6, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 7, Bathroom 1, Bathroom 4
- Standard status
- Active
- Size
- 4,714 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5897
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- Laminate, Wood, Vinyl, Carpet
- Building materials
- Brick Exterior
- Architectural style
- Other
Listing Agency
Century 21 Gold Key Realty
(603) 729-3030
821 Central Street, Franklin, NH
Listed by
Marsha Foden
(603) 729-3030
Added: Nov 21, 2025 Updated: Jul 7 at 3:17 pm Checked: Jul 21 at 1:06 am
MLS# 5070568
Listing URL
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Investment Insights
Based on property information with market context.
This historic brick Kenrick Building offers a mixed-use configuration with 5 residential units and 2 commercial spaces. The commercial units feature large display windows consistent with the building’s era, providing storefront character while maintaining the original architectural feel. The property totals 4,714 square feet on a 0.08-acre lot, and it is listed for sale under zoning 04-B2.
The building is located at 416 Central Street in Franklin, New Hampshire (03235) in Merrimack County. Public remarks note the building’s setting in downtown Franklin and its long-standing role in the local economy, with convenient access to area hospitals and community attractions.
For tenants, the layout supports both live-and-work scenarios and separate commercial operations under one roof. For buyers and operators, the combination of residential income and street-level storefront space provides flexibility in how the property is used day-to-day. Showings are scheduled to begin Saturday 11/29/25 from 10:00 AM to 12:00 PM by appointment.
The building is located at 416 Central Street in Franklin, New Hampshire (03235) in Merrimack County. Public remarks note the building’s setting in downtown Franklin and its long-standing role in the local economy, with convenient access to area hospitals and community attractions.
For tenants, the layout supports both live-and-work scenarios and separate commercial operations under one roof. For buyers and operators, the combination of residential income and street-level storefront space provides flexibility in how the property is used day-to-day. Showings are scheduled to begin Saturday 11/29/25 from 10:00 AM to 12:00 PM by appointment.
Key Highlights
- Historic Kenrick Building in downtown Franklin built in 1920 with brick exterior
- Mixed‑use building with 5 residential units and 2 commercial spaces with large display windows on the commercial units
- Forced‑air heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.8k | $25.20 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $113.4k | $24.07 |
| − OpEx | −$51.1k | −$10.83 |
| NOI | $62.4k | $13.24 |
4,714 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$891.4K
$780.0K – $1.04M
NOI $62,396 @ 7.0% cap · market cap 6.57%
Second Best
Retail
$784.9K
$686.8K – $915.7K
NOI $54,942 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,920 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Broken Spoon
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Brick historic property with 5 residential units and 2 commercial storefront spaces in downtown Franklin.
Where is this mixed-use property located?
The property is located at 416 Central Street Franklin, NH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Historic Kenrick Building in downtown Franklin built in 1920 with brick exterior; Mixed‑use building with 5 residential units and 2 commercial spaces with large display windows on the commercial units; Forced‑air heating
