-
$3,129,900 | $255 per sq.ft.
19 Unit Multi Family Home,
187,355-357,489 Merrimack, & Pine Street Manchester NH
With 10 - One Bedroom Units | 8 - Two Bedroom Units | 1 - Three Bedroom Units
| MLS# 5089701 -
-
Listed by Mike Giannone The Aland Realty Group on May 19th 2026
DESCRIPTION
An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27,805, totaling a gross annual income of $333,660. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7905. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio.
Occupant Restrictions : No Smoking
Gross Income : $307621
Net Income: $ -
-
CONSTRUCTION
-
Wood Frame | Vinyl Siding Year Built: 1920
No. of Floors: 3
Total Sq.Ft. Finished: 12271
Above Grade Sq.Ft.: 12271
Price Per SQ.FT.: $255.06
Basement: Bulkhead | Concrete | Concrete Floor | Dirt | Dirt Floor | Full | Insulated | Other | Exterior Stairs | Interior Stairs | Assigned Storage | Locked Storage | Storage Space | Unfinished | Interior Access | Exterior Access | Basement Stairs
Heating: Propane | Natural Gas | Oil | Hot Air | Hot Water | Space Heater
Cooling: None
Electric: 100 Amp Service
Trash: Curbside
Utilities: Gas On-Site
Electric Meters:
Style: Apartment Building | Detached | Multi-Family | Other | w/Addition
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
-
LAND INFORMATION
-
Level
Lot size: 0.4 acres
Zoned: R3)
Surveyed: Unk
Flood Zone: No
Road Frontage: 200
Driveway: Paved
-
ADDITIONAL INFORMATION
-
Taxes $29,755 | Assesed Value $0 in
-
AREA INFORMATION
-
Copyright © 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed.
The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 June 1st, 2026
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
Designed by BSC DATA