$650,000 ($251.94 per sqft)

Est. Mortgage $3,202/mo *

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Listing courtesy of Nick Gray, Gray Property Group, LLC 603-637-4812


383 Manchester Street, Manchester, NH, 03103

383 Manchester Street, Manchester, NH, 03103

15 rooms

6 beds

3 Full baths

1898

Apartment Building

2,580 sqft

Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. The interiors are serviceable and easy to maintain, suited for consistent tenant demand. Each unit is separately metered, with tenants responsible for natural gas (heat) and electricity (hot water, lights, and plugs), helping to keep operating expenses low, while the landlord covers water and sewer. The property offers off-street parking for 3 vehicles via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.


Status:

Active

Type:

Multi-family

Units:

3

Zoning:

MX-2

Frontage:

35

Heating:

Forced Air, Hot Air

Cooling:

None

Basement:

Concrete Floor

Acreage:

0.07

Est. Taxes:

$5,878

Lot Description:

City Lot

MLS #:

5082086


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