Manchester NH Multi Family Homes $500000 to $1000000
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Price Change! reduced by $14,000 down 2% on April 14th 2025
$685,000 | $152 per sq.ft. | Number of Units 3 Total Sq. Ft. 4521 | Acres: 0.1 MANCHESTER NH
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Description:An exceptionally large 3-family with 1500+ square feet garden style apartments each with 8 rooms; 4 used as bedrooms on a great corner lot in Manchester. Long term tenants occupy 2nd and 3rd floors as Tenants at Will; all pay for their own utilities. Each floor has a porch, front and back staircases, high ceilings, split kitchen/pantry, laundry hookups in 2 units. The first-floor apartment is fully renovated with brand new stainless steel appliances and ceiling fans, Vacant. Can be use for owner occupation if needed. Otherwise, the rent for this unit would be approximately the gross income indicated. This property has undergone a lead abatement and was issued a lead-free certificate for interior and exterior. Some new windows and completely new rubber roof! Motivated seller offering concession to the Buyer!
- New Listing!
$685,000 | $176 per sq.ft. | Number of Units 3 Total Sq. Ft. 3902 | Acres: 0.09 MANCHESTER NH
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Description:REMARKABLE 3-FAMILY that was 100% gutted to the studs in 2022 ( due to fire) and COMPLETELY REBUILT from framing, insulation, all new wiring, plumbing, ,drywall , windows, flooring , kitchens & baths, rubber roof , New rear decks and vinyl siding. On site rear paved parking for 3-4 cars. 100% COMPLETELY rebuilt to code w/all City permits down to the fully installed sprinkler system. This building is ESSENTIALLY 3-Years NEW !!! All work was personally done by local respected Quality builder. All units feature 4 (YES 4) Bedrooms, Fully applianced, Individual Gas heat/cooling via Mini-Splits with tenants paying ALL Utilities. Nothing to do in this "Lead Free" building for YEARS to come !!!! Strong Annual Income of $71,120.00 with $13,071.00 expenses ( includes taxes ) for an INCREDIBLE NET of $58,049.00. COC valid to 02/03/2028. A SOLID INVESTMENT being offered below current Replacement cost. Open House viewing Monday April 28 from 3:00 to 5:00 ONLY to qualified buyers ( Sorry, no exceptions) 3rd floor photos coming shortly.
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Price Change! reduced by $45,300 down 6% on April 9th 2025
$699,700 | $208 per sq.ft. | Number of Units 3 Total Sq. Ft. 3360 | Acres: 0.12 MANCHESTER NH
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Description:Turnkey 3-Family Investment Property with Prime Location & Strong Rental Income! Don’t miss out on this well-maintained, fully rented 3-family property, offering an exceptional opportunity for both investors and buyers looking for passive income. The property features two spacious 3-bedroom units and a cozy 1-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. With off-street parking and a side lawn area, this property offers convenient amenities for tenants while minimizing upkeep for the owner. Each tenant is responsible for their own utilities, ensuring minimal landlord costs. Situated in a prime location, just minutes from CMC Medical Center and within walking distance to shopping, dining, and several parks, this property is always in demand. Recent updates have been made to enhance the appeal and functionality of the units, ensuring long-term value and tenant satisfaction. This is the perfect opportunity for an investor seeking a low-maintenance, high-return rental property in a thriving area. Whether you're looking to add to your portfolio or secure a property that provides steady cash flow, this one is ready to go!
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$699,900 | $246 per sq.ft. | Number of Units 3 Total Sq. Ft. 2844 | Acres: 0.14 MANCHESTER NH
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Description:BOM due to financing. North End 3-FAMILY with newer roof. Unit 1: features spacious 1st floor 5 room, 2 bdrms and 2 full baths. Updated and recently expanded kitchen w/granite counters & all newer appliances, new breakfast area, and recently remodeled bathroom. Updated flooring, windows & more. Unit 1 also has in unit laundry, and recently added solar panels. Unit 2: Large 2nd floor 2 bdrm, 1 Bath unit w/enclosed sunporch. Recently remodeled with new floors, new bathroom, new kitchen and new windows. Unit 3: Rear unit is a 1 bdrm townhouse that has had same tenant for 18 years). Tenants all pay separate utilities. Unit 2 & 3: new furnaces in a recently fully insulated basement. 5 car paved parking and a 1 car garage. (tenants will be in their units for showings and open house)**Showings will start up again at Open house FRI 4/25 from 4-6pm
- Under Contract
$750,000 | $181 per sq.ft. | Number of Units 3 Total Sq. Ft. 4155 | Acres: 0.23 MANCHESTER NH
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Description:An exceptional investment opportunity awaits with this well-maintained, three-unit mixed-use building located on the bustling Second Street in Manchester, NH, a B2 zone . Owned by the same owner for 35 years, this property offers a blend of stability and potential. The first and second floors are occupied by long-term commercial tenants, providing steady income and ideal spaces for entrepreneurs or professionals seeking visibility and accessibility. The third floor features a spacious 2-bedroom, 2-bath residential rental unit, perfect for owner-occupancy or additional income. Positioned on a high-traffic street with significant exposure, 9+ car parking and on-site signage opportunities, this property ensures maximum visibility for businesses. Located in the Manchester B2 zoning district, it allows for a variety of commercial and residential uses. This rare property offers long-term growth potential with under market rents, and an excellent addition to your portfolio. The city does have this classified as a Commercial Building so check with your lender.
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Data last updated April 28th, 2025
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