Mixed-Use Building with
For Sale
$2,300,000
68 South Main St, Rochester, NH 03867
Residential apartments and street-level commercial space create a diversified mixed-use configuration.
Property Size10,148 SF
Price / SF$226.65
Days on Market58
Property Features for 68 South Main St
General Information
Standard status
Active
Size
10,148 SF
Elevators
Yes
Net Operating Income
$120,000
Additional Details
Cap Rate
5.2%
Multifamily Units
8
Amenities
on-site coin-operated laundry
secure entry with video surveillance
private balconies
Building Details
Year Built
2011
Buildings
1
Tenancy
Multi
Listing Agency:
Duston Leddy Real Estate
Listed By:
Jamieson Duston
(603) 365-5848
Source:
Megansellsnh
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 7 at 2:19PM
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 Duston Leddy Real Estate
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Investment Insights
Based on property information with market context.
Built in 2011, this 10,148-square-foot mixed-use property combines eight residential apartments with one street-level retail or office space. The building includes elevator service, controlled entry with video surveillance, on-site coin-operated laundry, and private balconies on upper-level units. Carrier heat pumps serve each unit, with utilities paid by tenants. Eagle windows and double-offset 2x6 wall construction contribute to energy efficiency and sound insulation.
Located at 68 South Main St in Rochester, New Hampshire, the property offers off-street parking and an urban setting. The asset is fully occupied by strong-performing tenants and reports a + 5.2% cap rate. Its residential and commercial components provide distinct occupancy types within one building, while tenant-paid utilities limit landlord utility responsibilities.
Located at 68 South Main St in Rochester, New Hampshire, the property offers off-street parking and an urban setting. The asset is fully occupied by strong-performing tenants and reports a + 5.2% cap rate. Its residential and commercial components provide distinct occupancy types within one building, while tenant-paid utilities limit landlord utility responsibilities.
Key Highlights
- 9‑unit mix with eight apartments and one street‑level retail/office space
- 10,148 square feet; built in 2011
- Elevator, secure entry with video surveillance, and on‑site coin‑operated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,006
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,120
$2.5M
Cap Rate 7%
$1,757,229
$1.8M
Cap Rate 9%
$1,366,733
$1.4M
Market Conditions
NOI Build-Up for 10,148 SF
Gross rent
$182.7K $18.00/SF
− Vacancy
−$6.9K −$0.68/SF
EGI
$175.7K $17.32/SF
− OpEx
−$52.7K −$5.19/SF
NOI
$123.0K $12.12/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,120
Cap Rate 7%
$1,757,229
Cap Rate 9%
$1,366,733
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,006 @ 7.0% cap · market cap 5.35%
Second Best
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,083 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$2.71M
$2.38M – $3.17M
NOI $190,044 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential apartments and street-level commercial space create a diversified mixed-use configuration.
Where is this mixed-use property located?
The property is located at 68 South Main St Rochester, NH.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 9‑unit mix with eight apartments and one street‑level retail/office space; 10,148 square feet; built in 2011; Elevator, secure entry with video surveillance, and on‑site coin‑operated laundry
