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41-43 Central St 21 Unit Apartment Building $2,690,000 ($128,095/Unit) 8.69% Cap Rate Woodsville, NH 03785
Investment Highlights
- Over the past few years, the building has undergone extensive upgrades, including but not limited to:
- Updated heating system, electrical, and full sprinkler system
- Security cameras throughout for peace of mind
- New roof and over 100+ brand-new windows
- Two x 1,000 gallons each propane tanks
- Modern finishes — each unit w/ new kitchens, baths, flooring, paint and fixtures
Executive Summary
Unique investment opportunity at the crossroads of Vermont and New Hampshire, this fully renovated 3-story mixed-use building sits in the heart of downtown Woodsville. The property features 17 remodeled residential apartments and 3 updated retail storefronts, offering a strong income stream and low management complexity—all under one roof.
The ground-floor retail spaces have been fully updated and are secured by long-term leases with established tenants. The residential units have been completely re-tenanted and renovated, capitalizing on the area's strong rental demand. With steady in-place income, room to optimize rents, and streamlined operations, this well-appointed asset offers immediate cash flow and value-add upside—an ideal addition to a growing multifamily investment portfolio.
This property is part of a 39 unit portfolio sale and can be sold together or separately. See 155 S Main St, Franklin and 406 Central St, Franklin for other units.
The ground-floor retail spaces have been fully updated and are secured by long-term leases with established tenants. The residential units have been completely re-tenanted and renovated, capitalizing on the area's strong rental demand. With steady in-place income, room to optimize rents, and streamlined operations, this well-appointed asset offers immediate cash flow and value-add upside—an ideal addition to a growing multifamily investment portfolio.
This property is part of a 39 unit portfolio sale and can be sold together or separately. See 155 S Main St, Franklin and 406 Central St, Franklin for other units.
Property Facts
| Price | $2,690,000 | Building Class | C |
| Price Per Unit | $128,095 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 17,233 SF |
| Cap Rate | 8.69% | Average Occupancy | 97% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1875 |
| Property Subtype | Apartment | Parking Ratio | 0.7/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | commercial - commercial | ||
| Price | $2,690,000 |
| Price Per Unit | $128,095 |
| Sale Type | Investment |
| Cap Rate | 8.69% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 17,233 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1875 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | commercial - commercial |
Amenities
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
Property Taxes
| Parcel Number | HVHL-000101-000042 | Improvements Assessment | $584,900 |
| Land Assessment | $65,000 | Total Assessment | $649,900 |
Property Taxes
Parcel Number
HVHL-000101-000042
Land Assessment
$65,000
Improvements Assessment
$584,900
Total Assessment
$649,900
Contacts
-
Viktoria Alkova -
Dave Garvey -
Ethan Ash -
Coastal Land & Commercial Group at Keller Williams
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