331 Pleasant St - Apartments FOR SALE


Berlin, NH 03570
$625,000 USD
321-275-5464
331 Pleasant St, Berlin, NH for Sale
$625,000 USD
Apartments - FOR SALE
1/9
null | 8.96% Cap Rate

331 Pleasant St
Berlin, NH 03570


HIGHLIGHTS

  • Well-maintained, recent insurance inspection showed no issues
  • Electric heating paid by tenants, zoned thermostats for efficiency
  • Live-in property manager of 17 years will remain, ensuring stable operations
  • Vinyl siding, concrete cellar floors, rewired electrical with breaker panels per unit

OVERVIEW

**Do Not Visit Property Without Broker Approval** Pleasant Street Apartments is a classic multi-unit apartment building located in the heart of Berlin, New Hampshire. Built circa 1900, the building has been well-maintained and features vinyl siding, concrete floors in the cellar, and rewired electrical systems with circuit breaker panels in each apartment. Plumbing is a mix of cast iron, copper, and plastic, and all units have electric heat with zoned thermostats paid by the tenants. The property benefits from a long-standing live-in property manager of 17 years, ensuring professional on-site oversight. Recent insurance inspections reported no faults or repairs required, highlighting the building’s solid condition. Pleasant Street Apartments also features strong curb appeal and is currently operating at 100% occupancy, reflecting the continued demand for workforce housing in Berlin.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

11

PRICE/UNIT

$56,818

CAP RATE

8.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pleasant Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

BELN-000119-000088

ASK ABOUT THIS PROPERTY

Christopher MinchinThe Apartment KingMore Info
321-275-5464

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Christopher MinchinThe Apartment KingMore Info
321-275-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.