8-Unit Apartment
56 Church Street, Bethlehem, NH 03574
For Sale
$499,000
Multi-Family, Bethlehem, NH
Property Size3,810 SF
Lot Size0.50 Acres
Price / SF$130.97
Days on Market210
Property Features for 56 Church Street
General Information
Property type
Property subtype
Zoning
Rooms
Lot features
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Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Derek Greene
(860) 560-1006
Listed By:
Derek Greene
(508) 517-4908
Added: Apr 14
Changed: Oct 5
Last Checked: Nov 9 at 6:06AM
MLS# 5083400
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.
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Investment Insights
Based on property information with market context.
This 8-unit apartment property in Bethlehem includes a 5-unit primary building and a separate 3-unit structure. The 3,810-square-foot improvements were built in 1900 with wood-frame construction, baseboard heating, a metal roof, public water, and basement space. The property is offered in its current as-is condition, with localized remediation identified in two offline units and cosmetic exterior painting needed.
The property occupies 0.5 acres at 56 Church Street in Bethlehem, NH 03574. It may be acquired individually or within a 19-unit Grafton County portfolio. Commercial zoning is identified as Com.
The property occupies 0.5 acres at 56 Church Street in Bethlehem, NH 03574. It may be acquired individually or within a 19-unit Grafton County portfolio. Commercial zoning is identified as Com.
Key Highlights
- 8‑unit configuration with a 5‑unit primary building and detached 3‑unit structure
- 3,810 square feet on 0.5 acres
- Built in 1900 with wood‑frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,639
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,780
$692.8K
Cap Rate 7%
$494,843
$494.8K
Cap Rate 9%
$384,878
$384.9K
Market Conditions
NOI Build-Up for 3,810 SF
Gross rent
$66.3K $17.40/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$63.0K $16.53/SF
− OpEx
−$28.3K −$7.44/SF
NOI
$34.6K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,780
Cap Rate 7%
$494,843
Cap Rate 9%
$384,878
Alternative Uses
Best Use
Apartment 5plus
$494.8K
$433.0K – $577.3K
NOI $34,639 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.1K
$733.3K – $977.8K
NOI $58,666 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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Business Placement
Demographics for 03574, NH
2,514
Population
1,401
Households
1.8
Avg Household Size
48
Median Age
45%
College-Educated
96%
High-School Grad
91.0 sq mi
ZIP Area
28
Density / Sq Mi
$83,870
Median Household Income
$47,743
Median Earnings
$1,079
Median Rent
$268,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Wood-frame multifamily property with a metal roof, public water, basement space, and two units requiring localized remediation.
Where is this apartment building located?
The property is located at 56 Church Street Bethlehem, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 8‑unit configuration with a 5‑unit primary building and detached 3‑unit structure; 3,810 square feet on 0.5 acres; Built in 1900 with wood‑frame construction
