31-37 Elm Street, Manchester, NH for sale

Investment Overview

31–37 Elm Street is a distinctive mixed-use property located near downtown Manchester. The property contains five residential apartments and four street-level retail units, providing a diversified combination of residential and commercial income. Originally constructed in 1920 and substantially reconstructed and modernized, blending historic character with updated residential and commercial space, the property offers an incoming owner the opportunity to acquire a mixed-use asset without the extensive deferred maintenance often associated with older urban properties. The offering is well suited to a hands-on local investor who understands mixed-use real estate and recognizes the value of existing income combined with identifiable value-add potential.

Investment Highlights

• Five residential apartments
• Four street-level retail units
• Diversified residential and commercial income
• Substantially reconstructed approximately ten years ago
• Maintained in very good overall condition
• The residential component provides identifiable value-add potential, with several apartments currently leased below prevailing Manchester asking rents
• Potential re-leasing, repositioning, or owner-occupancy opportunity
• Convenient location near downtown Manchester