Three-Unit Mixed-Use
For Sale
$475,000
539 Maple Street, Manchester, NH 03104
Includes a commercial suite, two apartments, and on-site parking.
Property Size2,284 SF
Price / SF$207.97
Days on Market8
Property Features for 539 Maple Street
General Information
Standard status
Active
Size
2,284 SF
Total Parking Spaces
8
Property subtype
Multi-family
Amenities
vinyl siding
new windows
air conditioning
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Elite CRL Realty LLC
Listed By:
Wilma Willson
(603) 433-3350
Source:
Greatislandrealty
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 10 at 3:07AM
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 Elite CRL Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 539 Maple Street in Manchester, NH 03104 contains 2,284 square feet arranged among three units: one commercial space and two residential apartments. The commercial unit was formerly operated as a beauty salon, while the remaining units provide residential apartment space.
Built in 1920, the property has received several updates, including vinyl siding and new windows. Air conditioning is installed on the first floor, and the site provides eight on-site parking spaces. The combination of commercial and residential occupancy creates a straightforward mixed-use configuration with distinct unit types under one roof.
Built in 1920, the property has received several updates, including vinyl siding and new windows. Air conditioning is installed on the first floor, and the site provides eight on-site parking spaces. The combination of commercial and residential occupancy creates a straightforward mixed-use configuration with distinct unit types under one roof.
Key Highlights
- Three units: one commercial space and two residential apartments
- 2,284 SF mixed‑use property at 539 Maple Street
- Eight on‑site parking spaces
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
$32,807
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
6.91%
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%
$656,140
$656.1K
Cap Rate 7%
$468,671
$468.7K
Cap Rate 9%
$364,522
$364.5K
Market Conditions
NOI Build-Up for 2,284 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
$49.3K $21.60/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$46.9K $20.52/SF
− OpEx
−$14.1K −$6.16/SF
NOI
$32.8K $14.36/SF
Area
Manchester, NH
Vacancy
5.00%
Lease Rate
$21.60 /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%
$656,140
Cap Rate 7%
$468,671
Cap Rate 9%
$364,522
Alternative Uses
Best Use
Retail
$468.7K
$410.1K – $546.8K
NOI $32,807 @ 7.0% cap · market cap 6.91%
Second Best
Multifamily LT 5
$440.3K
$385.3K – $513.7K
NOI $30,822 @ 7.0% cap · market cap 6.49%
Theoretical Best
Specialty Retail
$560.9K
$490.8K – $654.4K
NOI $39,262 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
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 - Includes a commercial suite, two apartments, and on-site parking.
Where is this mixed-use property located?
The property is located at 539 Maple Street Manchester, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three units: one commercial space and two residential apartments; 2,284 SF mixed‑use property at 539 Maple Street; Eight on‑site parking spaces
