- For Sale $13,900,000
- Property Type Multi-Family
- Property Size 51,550 SF
- Units 62
- Lot Size 0.74 Acre
- Year Built 1910
- Year Renovated 2018
- Date Updated Sep 3, 2026
Description
Manchester, New Hampshire, is the economic and cultural heart of the Granite State, perfectly positioned along the banks of the Merrimack River. Known for its rich industrial history as a global textile manufacturing powerhouse anchored by the historic Amoskeag Millyard, the city has successfully transformed into a thriving modern hub for technology, healthcare, higher education, and commerce. Today, Manchester blends a dynamic urban lifestyle with New England charm, offering a vibrant downtown filled with diverse culinary destinations, craft breweries, arts venues, and local retail.
The city's strategic location makes it an exceptional node for logistics, business, and commuters. It offers immediate access to Interstate 93 and Interstate 295, as well as New Hampshire Route 3 and Route 101, connecting residents and businesses effortlessly to Boston, the White Mountains, and the Seacoast region. Additionally, Manchester is home to the Manchester-Boston Regional Airport, providing convenient domestic air service, making the city a premier destination for businesses, professionals, and real estate investors looking for a high-growth market in Northern New England.New England Realty Advisors LLC is proud to present the Bedford Block, a premier mixed-use asset comprising 52 residential apartments and 10 commercial units, complemented by 45 on-site parking spaces and additional long-term parking available on a neighboring lot. Specifically designed to maximize income and value per square foot, the residential component successfully caters to a niche market for luxury, furnished apartments.
The property achieves high performance by emphasizing standout amenities, including secure access, elevator, convenient parking, and attentive professional management. While the majority of the building is anchored by stable, long-term tenants committed to 12-month leases and renewals, the furnished model offers a distinct strategic advantage. During vacancies, ownership can capitalize on short-term occupancy at significantly higher nightly or monthly rates—frequently capturing corporate clients, executives relocating on short notice for nearby acquisitions, or individuals who prefer the flexibility of avoiding furniture ownership and moving. This unique operational structure not only drives elevated short-term yields but also serves as a natural feeder pipeline, with many short-term guests ultimately transitioning into committed, long-term tenants.
Highlights
- Furnished luxury apartments
- Off street parking
- Secure access building
- Value add opportunity
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Contacts
Brad Carlson
New England Realty Advisors
Location
Located at 1331 Elm Street, Manchester, NH 03101, this property is part of the Downtown Manchester neighborhood and Boston market.
Contact Listing Broker
Brad Carlson
New England Realty Advisors