Manchester NH Multi Family Homes $500000 to $1000000
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- 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 and COMPLETELY REBUILT from framing, insulation, all new wiring, plumbing, ,drywall , windows, flooring , kitchens & baths, rubber roof , New rear decks and vinyl siding. 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 $77,105.00 with $13,071.00 expenses ( includes taxes ) for an INCREDIBLE NET of $64,030.00. 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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$769,900 | $216 per sq.ft. | Number of Units 3 Total Sq. Ft. 3564 | Acres: 0.23 MANCHESTER NH
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Description:Great investment property or owner occupied. Large 3 units with 3 bedrooms each and one full bath, separate storage for each and plenty of parking. Parking lot for 9+ cars and the 2 detached garage is a plus that can give you an extra rent. Basement has a coin operated laundry for an extra income. Very well located near HWY, restaurants, stores, and hospital, easy to commute. Lal the units have same layout. 3rd floor is vacant., 1st and 2nd are month to month. Each unit is responsible for its own electric and heater and hot water. Showings start on 3/30 1-2pm @ the Open house, and can ONLY be shown at Open houses.
- New Listing!
$769,900 | $287 per sq.ft. | Number of Units 4 Total Sq. Ft. 2680 | Acres: 0.12 MANCHESTER NH
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Description:Welcome to 607 Hevey Street, a clean and well-maintained four-unit multi-family property offering consistent rental income and low-maintenance ownership. The property consists of 1 two-bedroom unit and 3 one-bedroom units, with two of those recently updated. Based on current market rents, the property has the potential to generate up to $79,800 in gross annual income (buyer to verify). Recent improvements include updated units, freshly painted porches, and newer water heaters within the last seven years. Additional features include separate electric meters, a shared laundry area, off-street parking, and porch access for each unit. Whether owner-occupied or fully leased, 607 Hevey Street presents a solid opportunity for income-oriented buyers. Furthermore, this home is ideally located just minutes from major highways, Elm Street’s vibrant restaurant scene, Manchester Community College, Saint Anselm College, and the scenic Piscataquog Rail Trail — offering unbeatable convenience for commuting, dining, education, and outdoor recreation. Showings only during open houses Friday 4/25 5-6:30 PM and Saturday 4/26 10:30-12PM.
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$795,000 | $160 per sq.ft. | Number of Units 4 Total Sq. Ft. 4960 | Acres: 0.11 MANCHESTER NH
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Description:
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Price Change! reduced by $2,195,000 down 257% on February 15th 2025
$854,900 | $188 per sq.ft. | Number of Units 5 Total Sq. Ft. 4541 | Acres: 0.13 MANCHESTER NH
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Description:355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space with great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. Current annual return over 7%+ CAP RATE. Offers excellent investment potential, so don’t miss your chance to own this income-generating Multi-family in Manchester, NH.
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Price Change! reduced by $76,000 down 8% on January 6th 2025
$899,000 | $182 per sq.ft. | Number of Units 5 Total Sq. Ft. 4946 | Acres: 0.09 MANCHESTER NH
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Description:**A Rare Investment Opportunity in the Heart of Manchester!** This well-maintained, 5-unit multifamily building offers a unique combination of residential and commercial income potential, making it a truly versatile investment. Situated in the heart of Manchester, this property has been a consistent income producer for many years and boasts a steady occupancy rate. All tenants pay their own utilities. Unit Breakdown: (2) One-bedroom units (1) Three-bedroom unit (1) Four-bedroom unit (1) Five-room office space The mix of residential and commercial spaces provides flexibility for a variety of uses, including potential owner-occupancy, small business operations, or expansion of office services. Includes 5 off street parking spots for tenants and 4 on-street parking spots. This is an exceptional opportunity for investors looking to expand their portfolio or for a hands-on owner-operator seeking a property with built-in income and future growth potential. Don't miss out!
- Under Contract
$925,000 | $136 per sq.ft. | Number of Units 5 Total Sq. Ft. 6783 | Acres: 0.15 MANCHESTER NH
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Description:Open House Sunday 2/23 from 10-Noon. 5 Unit Manchester NH East side. Two buildings on the same lot, 144 Pearl is large 3-unit with 3+ bedrooms in each unit, 142 Pearl is 2-unit consisting of a 3 bedroom and a 2 bedroom. All units have been recently renovated with newer cabinets, bathrooms, flooring, fixtures, heating systems, and some new laundry equipment. Newer flat rubber roof on 144 Pearl building. Parking for atleast 1 car per unit. In place income very strong, with current gross annual income at $ 107,730.00. Tenants pay ALL UTILITIES except water/sewer. Pre-approved and qualified buyers only. Agent interest.
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Data last updated April 25th, 2025
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