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Pleasant Street Apartments 331 Pleasant St 11 Unit Apartment Building $859,888 CAD ($78,172 CAD/Unit) 8.96% Cap Rate Berlin, NH 03570
Investment Highlights
- Well-maintained, recent insurance inspection showed no issues
- Live-in property manager of 17 years will remain, ensuring stable operations
- Electric heating paid by tenants, zoned thermostats for efficiency
- Vinyl siding, concrete cellar floors, rewired electrical with breaker panels per unit
Executive Summary
**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.
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.
Property Facts
| Price | $859,888 CAD | Building Class | C |
| Price Per Unit | $78,172 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,728 SF |
| Cap Rate | 8.96% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $859,888 CAD |
| Price Per Unit | $78,172 CAD |
| Sale Type | Investment |
| Cap Rate | 8.96% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,728 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | BELN-000119-000088 | Improvements Assessment | $407,793 CAD |
| Land Assessment | $23,251 CAD | Total Assessment | $431,044 CAD |
Property Taxes
Parcel Number
BELN-000119-000088
Land Assessment
$23,251 CAD
Improvements Assessment
$407,793 CAD
Total Assessment
$431,044 CAD
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Pleasant Street Apartments | 331 Pleasant St
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