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$1,725,000 | $203 per sq.ft.
9 Unit Multi Family Home,
377-383 Manchester Street Manchester NH
With 6 - One Bedroom Units | 3 - Two Bedroom Units
| MLS# 5082090 -
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Listed by Nick Gray Gray Property Group, LLC on April 1st 2026
DESCRIPTION
Well-maintained 9-unit multifamily portfolio located on the East Side of Manchester, consisting of three adjacent 3-unit buildings at 377, 379, and 383 Manchester Street. The portfolio includes six 1-bedroom units and three 2-bedroom units, all with functional layouts. Interiors across the units 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 properties feature approximately 9–10 off-street parking spaces across a contiguous lot, along with additional street parking. 383 Manchester Street benefits from parking via an easement with the adjacent 379 Manchester Street. Current rents are approximately $1,325-$1,475/month for the 1-bedroom units and ~$1,750/month for the 2-bedroom units, generating a combined ~$163K/year in gross income and an estimated ~$105K in net operating income. This portfolio offers investors the ability to acquire scale within a single location, with operational efficiencies, strong in-place income, and long-term upside through rent growth and continued management improvements.
Gross Income : $163350
Net Income: $ -
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CONSTRUCTION
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Timber Frame | Vinyl Siding Year Built: 1890
No. of Floors: 2.5
Total Sq.Ft. Finished: 8500
Above Grade Sq.Ft.: 7250
Below Grade Sq.Ft.: 1250
Price Per SQ.FT.: $202.94
Basement: Concrete Floor | Unfinished
Heating: Forced Air | Hot Air
Cooling: None
Electric: 100 Amp Service
Trash: Municipal
Utilities: Cable
Electric Meters:
Style: Apartment Building
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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LAND INFORMATION
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City Lot
Lot size: 0.21 acres
Zoned: MX-2)
Surveyed: No
Flood Zone: No
Road Frontage: 105
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $17,635 | Assesed Value $0 in
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AREA INFORMATION
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Data last updated June 1st, 2026
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
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