Manchester NH Multi Family Homes $0 to $30000000
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$829,000 | $195 per sq.ft. | Number of Units 4 Total Sq. Ft. 4244 | Acres: 0.15 MANCHESTER NH
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Description:2 Bedroom, 1 Bath unit available for owner occupancy! Let your investment buy you your own home, walking distance to downtown and its amenities! Beautifully remodeled with quartz countertops, including a 3B, 1.5 BA Luxurious "Owner's unit" on first floor. Great downtown location, in the C-1 zone, rare parking ratio in this zone, with 5 offstreet paved spaces. Property can be delivered with one unit vacant for owner occupancy - 2 bed, 1 bath oversized unit. Features: High-end finishes, including LVP flooring, custom stone countertops, and stainless steel appliances, and keyless entry to common hallway and each unit. 5 off-street parking spaces, full remodel on 3 units and common hallways, and a heavily upgraded 3 bed 2 bath "owner's" unit with laundry in unit. Value add options: Coin-Op (hookups in place). Renovate 4th unit. Enclosed storage. One unit priced substantially under market. Add common hallway storage area. Can be purchased separately or in conjunction with 513-517 Chestnut St, 159 Auburn St, and/or 57-59 Laurel St. Agent interest.
- Under Contract
$925,000 | $157 per sq.ft. | Number of Units 5 Total Sq. Ft. 5884 | Acres: 0.06 MANCHESTER NH
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Description:Massive, fully-occupied 5-unit multifamily property on Manchester’s East Side consisting of one 4-bedroom unit, three 3-bedroom units, and one 1-bedroom unit. This property has been significantly improved by the current owner and features new vinyl plank flooring, wooden cabinets, fresh paint throughout, and new bathroom vanities with fixtures. Rents are terrific at $10,330/month or ~$123K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. The property’s ~$86K/year in NOI makes this listing a 9.0% cap. There is ample street parking available in the immediate vicinity. Washer/dryer hookups are in each unit. The property’s certificate of compliance (COC) is pending renewal. Owner is a real estate licensee. Delayed Showings will take place on Friday, September 20th and Saturday, September 21st.
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$1,095,000 | $278 per sq.ft. | Number of Units 12 Total Sq. Ft. 3934 | Acres: 0.12 MANCHESTER NH
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Description:Welcome to 52 Myrtle Street located in Manchester, NH. This brick 12-unit building is comprised of 4 traditional studio apartments with private bathrooms and 8 single room rentals with 3 shared bathrooms. Gut renovated in 2011, the building is fully-sprinklered, equipped with a 24/7 security monitoring system, and has been carefully maintained by the same owner for over 14 years. Heat, hot water, electricity, and wi-fi are all included in rent which is paid monthly by all tenants. The building is heated by one boiler system with radiator units throughout. Tenants enjoy the clean, well-kept, card-operated laundry facilities on site. A block away from Manchester’s bustling Elm Street, residents are minutes from restaurants, grocery stores, retail shops, a variety of local businesses, and a short drive from I-293. Financials are available upon request.
- Under Contract
$1,150,000 | $173 per sq.ft. | Number of Units 6 Total Sq. Ft. 6636 | Acres: 0.18 MANCHESTER NH
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Description:First time ever on the market! Meticulously maintained, PRISTINE 6 unit building with detached garages/carports for every unit as well as covered porches, large storage units, W/D hook ups, updated kitchens , hardwood floors , replacement windows, updated electrical, seperate utliities the list goes on and on. Ideal for an owner occupied ! Limited showings, AGENTS see internal remarks for details.
- Under Contract
$1,395,000 | $220 per sq.ft. | Number of Units 6 Total Sq. Ft. 6336 | Acres: 0.12 MANCHESTER NH
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Description:Incredible Manchester, NH investment opportunity! This meticulously maintained property offers 6 two-bedroom units with hardwood floors, updated kitchens with granite counter tops & stainless-steel appliances, newer bathrooms, composite decking, ADA compliant handrails, and newer windows! All electric & plumbing is completely updated! Each unit has its own entrance with little to no common space and there is enough off-street parking for up to 12 cars! This property is fully occupied! Whether you are a seasoned investor or looking for your first property... this is a DO NOT MISS!!!
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$2,135,000 | $185 per sq.ft. | Number of Units 11 Total Sq. Ft. 11544 | Acres: 0.22 MANCHESTER NH
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Description:Exceptional investment opportunity! This fully leased 11-unit multi-family property features separate utilities and off-street parking for 10 vehicles. Situated on a corner lot, it’s conveniently located near McDonough School, Bridge Street, Derryfield Park, restaurants, and retail shops. Each unit includes two bedrooms and one bathroom, averaging 900 plus square feet. All units are quite similar, showcasing hardwood floors, updated bathrooms, and windows. The roof was renovated four years ago, and security cameras are installed on the property. Please note, there is no laundry facility within the building. An additional value-add is the possibility of a 12th unit, which is currently unused due to a fire that occurred years ago. Additionally, off-street parking is currently offered at no charge. This property allows for an easy commute to Route 93 and would make a perfect 1031 exchange.
- New Listing!
$3,049,900 | $672 per sq.ft. | Number of Units 5 Total Sq. Ft. 4541 | Acres: 0.13 MANCHESTER NH
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Description:Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 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. 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. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don’t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
- New Listing!
$3,049,900 | $745 per sq.ft. | Number of Units 8 Total Sq. Ft. 4095 | Acres: 0.11 MANCHESTER NH
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Description:Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don’t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
- New Listing!
$3,049,900 | $692 per sq.ft. | Number of Units 6 Total Sq. Ft. 4410 | Acres: 0.16 MANCHESTER NH
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Description:Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don’t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
- New Listing!
$3,049,900 | $249 per sq.ft. | Number of Units 19 Total Sq. Ft. 12271 | Acres: 0.4 MANCHESTER NH
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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 $25,860, totaling a gross annual income of $311,520. 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 $10,210. 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 $9800. 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 $7600. 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. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.
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Price Change! reduced by $150,000 down 5% on October 3rd 2024
$3,199,000 | $284 per sq.ft. | Number of Units 16 Total Sq. Ft. 11248 | Acres: 0.14 MANCHESTER NH
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Description:119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchester’s downtown. Sited within a block of major attractions such as the Hanover Street Chophouse, The Palace Theater, and several new multifamily developments, this location is second to none. This two-story brick building boasts 11 apartments (a mix of studio and 1-bedrooms), 5 retail units, and a leased billboard, all of which have seen significant renovations over the last two years. These upgrades include new electrical panels, updated unit plumbing, new high efficiency mini-splits, a new rubber roof, and a freshly painted façade. Additionally, each of the apartments have been painstakingly remodeled with high-end finishes including granite countertops, stainless-steel appliances, premium-LVP flooring, and in-unit air conditioning. The residents can also access the free high-speed wireless internet newly installed throughout the building, utilize the brand-new laundry room, and benefit from the high-resolution cameras providing interior and exterior coverage of the property. All of the commercial units are fully occupied on multi-year leases with a mix of retail and restaurant tenants. The billboard presents additional opportunity for value-add with an at-will operator that has been renting for almost three decades at a below market rate. Don’t let this opportunity to own a turnkey building in Manchester’s downtown pass you by!
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Data last updated November 22nd, 2024
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