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86 School Street, Manchester, NH, 03102 | $650,000
Attention Investors & Owner-Occupants! The Ultimate Turn-Key 3-Family on Manchester’s West Side! Welcome to 86 School Street, a massive multi-family property that checks every single box on a buyer’s wishlist. Situated on a prime corner lot in a high-demand rental pocket, this property offers incredible scale, premium mechanics, and zero-headache operations. The first and second stories boast a highly desirable, spacious 1, 400 sq. ft. 3-bedroom, 1-bathroom layout averaging an expansive footprint that crushes the local competition. Flooded with natural light, these apartments feature generous living areas, and the perfect layout for long-term, premium tenants. With the second floor vacant, you can live in one unit and "house hack" or rent it out at current market rate! Say goodbye to unpredictable winter heating bills! This building features completely separate, tenant-paid utilities. A natural gas high-efficiency heating systems, 2 tankless on-demand hot water heaters, and separate electric meters. The landlord’s expenses are kept incredibly lean, maximizing your Net Operating Income (NOI) from day one. Set on a prominent corner lot, the property offers dedicated off-street parking—a massive premium on the West Side. Tenants will love the convenience of being minutes from Catholic Medical Center (CMC), downtown Manchester's vibrant dining scene, and immediate highway access for an easy commute. With all major mechanical updates already done for you, and COC in hand, 86 School Street is a rare, powerhouse asset to add to your portfolio. Open house on June 6th 10am-12pm. Followed by an Open House on June 7th 10-12pm. Don't miss this West Side gem!
Features
- Rooms: 17
- Bedrooms: 9
- Baths: 3 full
- Units: 3
- Style: Multi-Family
- Year Built: 1900
- Heating: Natural Gas
- Cooling: None
- Basement: Concrete,Concrete Floor,Exterior Stairs,Interior Stairs,Storage Space,Unfinished,Exterior Access,Basement Stairs
- Approx Sq. Feet: 3,560
- Acreage: 0.12
- Est. Taxes: $7,691
- Lot Desc: Corner,Level,Neighbor Business,In Town,Near Country Club,Near Golf Course,Near Paths,Near Shopping,Neighborhood,Near Public Transport,Near Hospital,Near School(s)
- School District: Manchester Sch Dst SAU #37
- MLS#: 5092689
- Website: https://www.raveis.com
/prop/5092689/86schoolstreet_manchester_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/4/2026Listing courtesy of Keller Williams Realty-Metropolitan Phone: 603-232-8282
Listing Agent: Shawn Goodwin
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
86 School Street, Manchester, NH, 03102
$650,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $641 | $641 | $641 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,283 | $4,318 |
| Total Monthly Payment | $3,847 | $4,016 | $5,051 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB