request_info_guest false

Prime Investment Opportunity: Seven-Unit Multifamily

$886,500

155 S Main St, Franklin, NH 03235

Active
Last Updated: 07/03/2025

8.89

Cap Rate

78,827.33

NOI

Details:
Cap Rate:    8.89%
NOI:    $78,827.33
Building Size:    5,125 sqft
Lot Area:    0.54 acres
Occupancy:    100%
Units:    7
Year Built:    1900
Floors:    2
Highlights:
  • Tenants pay heat & electric
  • Unit 4 fully updated/renovated
  • Brand new boiler for unit 5
  • Unit 1 & 7 are brand new
  • Variance to replace mobile home with single family is in progress
  • Heated barn on property for storage and additional income
  • Parking available on site
Description:

Located in the city of Franklin, New Hampshire’s Lakes Region, this stabilized multifamily property features a total of seven residential units. Tenants are responsible for their own heat and electricity, helping to reduce operational expenses and management overhead.
Units 1, 4, and 7 have been fully renovated, while the remaining units have received some updates and are well-maintained. Major system upgrades have been completed, including a new boiler for Unit 5.
A variance is currently in process to allow for the construction of a single-family home on the rear portion of the lot, replacing a prior structure—unlocking future development potential. The property also includes a heated barn for storage and offers generous on-site parking.
Situated in a designated Opportunity Zone, this property combines immediate cash flow, recent capital improvements, and long-term development upside in a desirable location.



Nestled within the scenic town of Franklin, New Hampshire, residents benefit from a harmonious blend of modern amenities and historic charm. This is a great investment opportunity to own a six-unit multifamily property just West of the beautiful Pemigewasset River.

Tenant pays heat. Brand new boiler added for Unit 5

Gas

Map:
Documents:
Title
155_S_Main_St__Franklin__NH_Full_Brochure.pdf
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery