Arcadia Apartments

Keene is the largest community in southwestern New Hampshire and the seat of Cheshire County, home to roughly 23,000 residents. Its downtown runs along one of the widest paved Main Streets in the country, opening onto Central Square — a walkable core of shops, restaurants, and civic institutions that gives the small city an outsized commercial footprint for the surrounding Monadnock Region.Northeast Private Client Group, Inc. is pleased to present Arcadia Apartments, a 38-apartment, 140-bed residential community at 120 Emerald Street in downtown Keene, New Hampshire — a four-story brick building two blocks from Central Square and within walking distance of the Keene State College campus. Keene is the seat of Cheshire County and the commercial hub of the Monadnock Region. Completed in 2012, Arcadia is laid out as three- and four-bedroom apartments, all with two full baths. Two passenger elevators serve the four floors, and the building carries a full wet-sprinkler system. Gas and electric are separately metered to every unit. Current ownership operates the property as furnished by-the-bed rentals, serving steady student and young-professional demand, and in-place rents sit well below the marks already achieved on beds. There is a clear path to leasing as traditional multifamily apartments serving a potentially broader tenant base with significantly less overhead. The property offers a flexible value-add strategy between these two paths, or possibly a hybrid approach. Arcadia Apartments combines 2012 construction, a proven rent gap, and a walkable downtown address anchored by the Monadnock Region's largest institutions, from Keene State College to Cheshire Medical Center. Please reach out to the deal contacts for more information.