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$650,000 | $252 per sq.ft.
3 Unit Multi Family Home,
383 Manchester Street Manchester NH
With 3 - Two Bedroom Units
| MLS# 5082086 -
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Listed by Nick Gray Gray Property Group, LLC on April 1st 2026
DESCRIPTION
Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. The interiors 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 property offers off-street parking for 3 vehicles via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.
Gross Income : $63120
Net Income: $ -
UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 5Tenant Pays : Electric,Heat,Hot Water
UNIT 2 INFORMATION
Beds: 2Baths: 1Rooms: 5Tenant Pays : Electric,Heat,Hot Water
UNIT 3 INFORMATION
Beds: 2Baths: 1Rooms: 5 -
CONSTRUCTION
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Timber Frame | Vinyl Siding Year Built: 1898
No. of Floors: 2.5
Total Sq.Ft. Finished: 2580
Above Grade Sq.Ft.: 1692
Below Grade Sq.Ft.: 888
Price Per SQ.FT.: $251.94
Basement: Concrete Floor
Heating: Forced Air | Hot Air
Cooling: None
Electric: 100 Amp Service
Trash: Municipal
Utilities: Cable
Electric Meters: 4
Gas_Meters: 3
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: 0.07 acres
Zoned: MX-2)
Surveyed: No
Flood Zone: No
Road Frontage: 35
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $5,878 | 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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