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Under Contract $684,900 | $230 per sq.ft.
3 Unit Multi Family Home,
190 Ray Street Manchester NH
With 1 - One Bedroom Units | 2 - Two Bedroom Units
| MLS# 5100708 -
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Listed by Mark Lynch RE/MAX Synergy Cell: 603-233-7744 on July 20th 2026
DESCRIPTION
Opportunity knocks with this well-maintained three-family property located in Manchester's desirable North End, offering the perfect blend of immediate cash flow and long-term investment potential. Featuring two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all three apartments are currently occupied with month-to-month leases, providing flexibility for investors or owner-occupants alike. Current rental income totals $5,400 per month ($64,800 annually), with separate utilities allowing tenants to pay their own heat, hot water, and electricity. Built in 1870 with classic Colonial charm, the property offers over 3,300 square feet of finished living space and features hardwood, laminate, and carpet flooring, public water and sewer, natural gas and oil heat, plus off-street parking. Conveniently located just minutes from downtown Manchester, schools, hospitals, shopping, restaurants, and major commuter routes, this is an ideal addition to any investment portfolio or a fantastic opportunity to offset your mortgage with rental income. Whether you're looking to expand your portfolio or purchase your first multi-family property, 190 Ray Street delivers strong income, an excellent location, and tremendous upside. Don't miss your chance to own this solid North End investment.
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UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 1197Level: 1Info : Ceiling Fan,Natural Gas Heat,Laundry Hookup,Porch,Electric Range,Refrigerator,Smoke Detector,StorageTenant Pays : Electric,Heat,Hot WaterRent : 2200.00 MonthlyLease Term : Month to Month Signed Lease : Yes Status : Leased
UNIT 2 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 1197Level: 2Info : Ceiling Fan,Natural Gas Heat,Laundry Hookup,Porch,Electric Range,Refrigerator,Smoke Detector,StorageTenant Pays : Electric,Heat,Hot WaterRent : 1800.00 MonthlyLease Term : Month to Month Signed Lease : Yes
UNIT 3 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 585Style : GardenInfo : Ceiling Fan,Oil Heat,Electric Range,Refrigerator,Smoke Detector,StorageRent : 1400.00 MonthlyStatus : Leased -
CONSTRUCTION
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Aluminum Siding Exterior Color : Tan
Year Built: 1870
No. of Floors: 3
Total Sq.Ft. Finished: 3307
Above Grade Sq.Ft.: 2979
Below Grade Sq.Ft.: 328
Price Per SQ.FT.: $229.91
Basement: Concrete Floor | Partially Finished | Walkout
Heating: Natural Gas | Oil
Cooling: Wall AC Units
Electric: 100 Amp Service | Circuit Breaker(s)
Trash: Curbside
Utilities: Cable
Electric Meters: 3
Gas_Meters: 2
Style: Colonial
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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LAND INFORMATION
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Near Shopping | Near Hospital | Near School(s)
Lot size: 0.18 acres
Zoned: Res)
Surveyed: Unk
Flood Zone: Unknown
Driveway: Concrete
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ADDITIONAL INFORMATION
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Taxes $8,065 | Assesed Value $411,900 in 2024
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AREA INFORMATION
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