Price Reduced 1.27 %

$3,900,000 ($195.19 per sqft)

Pending

Est. Mortgage $19,721/mo *

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Brochure

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Listing courtesy of Matthew Ping, Ledgeview Commercial Partners, LLC Phone: 603-591-1246

Price History

$3,950,000
2/23/2023

$3,900,000
4/28/2023

1279 Elm Street, Manchester, NH, 03101

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0 beds

1890

Apartment Building, Multi-Family

19,981 sqft

Brick downtown Manchester with realized and future potential on the corner of Elm and Orange Streets offers 29 units in a Qualified Opportunity Zone. Comprising 7 fully rented commercial units and 22 residential apartments, this property offers a good mix of unit types and diverse income streams. Current gross income of 413k with potential to bring rents up to current market and achieve gross income in excess of 435k per year with incremental value add improvements. Many capital improvements have already been made to this building by the current owner, including installation of rubber membrane roofs, vinyl replacement windows, steam boiler replacement, and many extensive unit turns. Additional cost-saving measures could be applied by separating utilities. COC good through March 2024. 50 space parking lot across Orange street, adjacent to Pearl St parking lot also listed and could sold as a package. MLS#4950808

Status:

Pending

Type:

Multi-family

Units:

Zoning:

CBD

Heating:

Forced Air, Steam

Cooling:

Other

Basement:

Bulkhead, Dirt Floor, Unfinished, Interior Access, Exterior Access

Parking:

Leased, Off-Site, On Street

Acreage:

0.25

Est. Taxes:

$26,289

Assessment

$1,417,600

Lot Description:

City Lot

MLS #:

4943915

Community Info

School Info

Wee Play School

Enrollment: 49

Distance: 0.22 Miles

Community Rating:

Kreiva Academy Public Charter School (H)

Enrollment: 27

Distance: 0.22 Miles

Community Rating:

Kreiva Academy Public Charter School (M)

Rating: 1/10

Enrollment: 64

Distance: 0.22 Miles

St Joseph Regional Jr High School

Enrollment: 87

Distance: 0.25 Miles

Community Rating:

Manchester Central High School

Rating: 3/10

Enrollment: 1,430

Distance: 0.53 Miles

Community Rating:

St Casimir School

Enrollment: 144

Distance: 0.6 Miles

Community Rating:

St Augustin Preschool

Enrollment: 48

Distance: 0.64 Miles

Community Rating:

Polaris Charter School

Rating: 7/10

Enrollment: 111

Distance: 0.67 Miles

Community Rating:

St Marie Child Care Center

Enrollment: 56

Distance: 0.71 Miles

Community Rating:

Holy Family Academy

Enrollment: 100

Distance: 0.74 Miles

Community Rating:

St Catherine Of Siena School

Enrollment: 241

Distance: 0.83 Miles

Community Rating:

Manchester West High School

Rating: 2/10

Enrollment: 757

Distance: 0.92 Miles

Community Rating:

Beech Street School

Rating: 3/10

Enrollment: 563

Distance: 0.95 Miles

Community Rating:

Gossler Park School

Rating: 2/10

Enrollment: 455

Distance: 0.99 Miles

Community Rating:

Middle School At Parkside

Rating: 4/10

Enrollment: 654

Distance: 1 Miles

Community Rating:

Hillside Middle School

Rating: 3/10

Enrollment: 808

Distance: 1.03 Miles

Community Rating:

Northwest Elementary School

Rating: 3/10

Enrollment: 686

Distance: 1.05 Miles

Community Rating:

Wilson School

Rating: 2/10

Enrollment: 435

Distance: 1.1 Miles

Community Rating:

St Benedict Academy

Enrollment: 94

Distance: 1.12 Miles

Community Rating:

Smyth Road School

Rating: 5/10

Enrollment: 420

Distance: 1.13 Miles

Community Rating:

Mount Saint Mary Academy

Enrollment: 111

Distance: 1.19 Miles

Community Rating:

Mcdonough School

Rating: 4/10

Enrollment: 505

Distance: 1.22 Miles

Community Rating:

Trinity High School

Enrollment: 323

Distance: 1.32 Miles

Community Rating:

Kiddie Corner Learning Center

Enrollment: 16

Distance: 1.33 Miles

Making Community Connections Charter School (H)

Rating: 1/10

Enrollment: 53

Distance: 1.4 Miles

Making Community Connections C

Enrollment: 30

Distance: 1.4 Miles

Webster School

Rating: 4/10

Enrollment: 443

Distance: 1.46 Miles

Community Rating:

Bakersville School

Rating: 2/10

Enrollment: 391

Distance: 1.56 Miles

Community Rating:

Ny Youth Development Center/Sysc

Enrollment: 50

Distance: 1.71 Miles

Apple Blossoms Child Center

Enrollment: 18

Distance: 1.73 Miles

Community Rating:

Hallsville School

Rating: 6/10

Enrollment: 275

Distance: 1.75 Miles

Community Rating:

Parker-Varney School

Rating: 3/10

Enrollment: 551

Distance: 1.87 Miles

Community Rating:

Eager Beaver Child Care & Learning Center

Enrollment: 22

Distance: 2.02 Miles

Bartlett Elementary School

Rating: 5/10

Enrollment: 212

Distance: 2.15 Miles

Community Rating:

Jewett School

Rating: 4/10

Enrollment: 429

Distance: 2.23 Miles

Community Rating:

Child Guidance Early Learning Center

Enrollment: 54

Distance: 2.24 Miles

Community Rating:

Educare Daycare & Learning Center

Enrollment: 89

Distance: 2.35 Miles

Community Rating:

Weston School

Rating: 5/10

Enrollment: 530

Distance: 2.35 Miles

Community Rating:

Southside Middle School

Rating: 3/10

Enrollment: 741

Distance: 2.35 Miles

Community Rating:

Mount Zion Christian Schools

Enrollment: 157

Distance: 2.47 Miles

Community Rating:

Manchester Memorial High School

Rating: 2/10

Enrollment: 1,395

Distance: 2.52 Miles

Community Rating:

The Derryfield School

Enrollment: 389

Distance: 2.67 Miles

Community Rating:

Manchester School Of Technology (High School)

Enrollment: 387

Distance: 2.75 Miles

Community Rating:

Namaste Montessori School

Enrollment: 15

Distance: 2.78 Miles

Learn As We Play Child Care Center

Enrollment: 6

Distance: 2.95 Miles

Community Rating:

Holycross Early Childhood Center

Enrollment: 36

Distance: 2.95 Miles

Community Rating:

Cardinal Lacroix Academy

Enrollment: 124

Distance: 3 Miles

Community Rating:

Memorial School

Enrollment: 447

Distance: 3.07 Miles

Community Rating:

Noah's Ark Child Care Center

Enrollment: 21

Distance: 3.1 Miles

Community Rating:

Green Acres School

Rating: 5/10

Enrollment: 461

Distance: 3.12 Miles

Community Rating:

Bedford Montessori School

Enrollment: 36

Distance: 3.13 Miles

Community Rating:

Henry J. Mclaughlin Middle School

Rating: 3/10

Enrollment: 713

Distance: 3.23 Miles

Community Rating:

Mill Falls Charter School

Rating: 9/10

Enrollment: 168

Distance: 3.29 Miles

Mont Blanc Academy

Enrollment: 7

Distance: 3.42 Miles

Community Rating:

Fred C. Underhill School

Enrollment: 387

Distance: 3.43 Miles

Community Rating:

Alpha Bits Learning Center II

Enrollment: 70

Distance: 3.54 Miles

Trinity Life Schools

Enrollment: 38

Distance: 3.57 Miles

Stand By Me Child Care And Enrichment Center

Enrollment: 32

Distance: 3.63 Miles

The Founders Academy Charter School (H)

Enrollment: 116

Distance: 3.67 Miles

The Founders Academy Charter School (El)

Rating: 5/10

Enrollment: 221

Distance: 3.67 Miles

Highland-Goffes Falls School

Rating: 6/10

Enrollment: 423

Distance: 3.69 Miles

Community Rating:

Manchester Child Development Center

Enrollment: 22

Distance: 3.77 Miles

Kellogg Christian School

Enrollment: 25

Distance: 4.04 Miles

Peter Woodbury School

Rating: 10/10

Enrollment: 533

Distance: 4.1 Miles

Community Rating:

Bedford Village Morning School

Enrollment: 45

Distance: 4.28 Miles

Community Rating:

David R. Cawley Middle School

Rating: 5/10

Enrollment: 496

Distance: 4.4 Miles

Community Rating:

Little Frogs & Polliwogs

Enrollment: 98

Distance: 4.56 Miles

Community Rating:

Mckelvie Intermediate School

Rating: 6/10

Enrollment: 708

Distance: 4.6 Miles

Community Rating:

Auburn Montessori School

Enrollment: 27

Distance: 4.72 Miles

Community Rating:

Mountain View Middle School

Rating: 5/10

Enrollment: 878

Distance: 4.88 Miles

Community Rating:

Riddle Brook School

Rating: 9/10

Enrollment: 577

Distance: 4.93 Miles

Community Rating:

Bedford High School

Rating: 9/10

Enrollment: 1,525

Distance: 4.99 Miles

Community Rating:

Ross A. Lurgio Middle School

Rating: 7/10

Enrollment: 731

Distance: 4.99 Miles

Community Rating:

Hooksett Memorial School

Rating: 6/10

Enrollment: 435

Distance: 5.41 Miles

Community Rating:

Glen Lake School

Enrollment: 214

Distance: 5.73 Miles

Villa Augustina School

Enrollment: 173

Distance: 5.78 Miles

Community Rating:

Auburn Village School

Rating: 6/10

Enrollment: 618

Distance: 5.93 Miles

Community Rating:

Lambs Workshop The

Enrollment: 94

Distance: 5.95 Miles

Community Rating:

Goffstown High School

Rating: 7/10

Enrollment: 1,124

Distance: 6.15 Miles

Community Rating:

North Londonderry Elementary School

Rating: 6/10

Enrollment: 490

Distance: 6.27 Miles

Community Rating:

Cozy Kids Child Care

Enrollment: 50

Distance: 6.32 Miles

Community Rating:

World Of Discovery

Enrollment: 167

Distance: 6.8 Miles

Maple Avenue School

Rating: 8/10

Enrollment: 466

Distance: 6.95 Miles

Community Rating:

Victory Baptist School

Enrollment: 60

Distance: 7.3 Miles

Montessori Children's Garden

Enrollment: 8

Distance: 7.33 Miles

Community Rating:

Reeds Ferry School

Rating: 7/10

Enrollment: 485

Distance: 7.39 Miles

Community Rating:

St. Francis of Assisi School

Enrollment: 93

Distance: 7.57 Miles

Community Rating:

Grace Christian School

Enrollment: 17

Distance: 7.58 Miles

Community Rating:

School Information courtesy of GreatSchools