**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 spaceThe 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!
This unique property features a single-family home, a townhouse, and a garden-style unit, making it a standout investment opportunity. This newly renovated 3-unit multifamily home is ready for its next owner! With updates throughoutâ??including a new roof, siding, windows, heating systems, electrical, plumbing, and brand-new kitchens, flooring, paint, and fixturesâ??this property is in excellent condition. Each unit boasts a generous number of bedrooms, ideal for large families or maximizing rental income. Whether you're an investor seeking a turnkey property or a buyer with rental potential in mind, this property offers great flexibility. Located in a prime Manchester neighborhood, close to shopping, dining, and major routes, it's move-in ready and waiting for you. Donâ??t miss outâ??schedule your showing today!
Large West Side Three-Family in Rimmon Heights. Each unit is 1,495 sq. ft. and has 3-4 bedrooms, laundry hookups and two private decks! All units are separately metered for natural gas (heat and hot water) and electric. The second and third floor units have been recently updated and are vacant, perfect for potential owner-occupants. Features of the updated units include: refinished hardwood floors, fresh paint, light fixtures, carpet, mini blinds, sinks, bathroom vanities, toilets, refrigerators and ranges. The building received new vinyl siding and a new Rinnai heater on the third floor in October 2024. Gross rents are estimated at around $80,000 annually if fully occupied. The basement is dry and houses the furnace, hot water heaters and electrical panels, with ample extra storage space. Off-street parking accommodates 3-5 cars, and thereâ??s a 1-bay garage currently being used for storage. Application for COC is in-process.
If you are looking for a fully occupied investment rental property, this is it! Welcome to this well-maintained, income-generating 3-unit multi-family building located in a highly desirable neighborhood! Each unit has seperate utilities including heat, hot water and electricity, providing tenants with independence and lower maintenance costs for the owner. Unit 1 was previously a 2 bedroom, so there is opportunity to adjust tax card with city's approval. Washer/dryer hookups are located in the basement for all units. In addition, units 2 & 3 also have hookups in the bathrooms. There is off street parking available and currently being rented monthly for extra income. There is a shared side yard for outdoor activites. Each unit is large, bright and include their own private porches and storage/office. This premises is smoke free and pet free. Strong rental history. Current C.O.C good until 2026. See you at the open house Sat. 12/7 & Sun. 12/8 10:00-12:00.
Discover the perfect investment opportunity with this well-maintained side-by-side duplex, tucked away on a quiet cul-de-sac in Manchester for minimal traffic and added privacy. Whether you're an investor seeking to expand your portfolio or a buyer looking to generate passive income, this property offers an excellent chance to live in one unit while renting out the other.Each unit features a thoughtful layout with two bedrooms, two and a half baths, and its own private deckâ??perfect for relaxation or entertaining. The finished basement in both units provides valuable additional living space with extra rooms, ideal for a variety of uses. Separate utility systems and private parking spaces for each unit ensure convenience and privacy for tenants or owner-occupants.Conveniently located near major highways and local amenities, this property is not only a great home but also a smart investment with the potential for a steady income stream. Donâ??t miss out on this fantastic opportunity! Schedule your showing today or attend the Open House this Saturday or Sunday, Dec. 7 and 8, from 11 a.m. to 1 p.m.
Great investment opportunity to add to your portfolio or for owner occupy with the other two units paying your mortgage. Each of the 3 units have been recently updated from paint, floors to the kitchens and bathrooms, including newer heating systems. All utilities are separate, tenants pay heat, hot water and electric, owner pays only water and sewer. Laundry in each unit, and 2 driveways featuring off street parking for 6+ cars. Fenced in yard and river views. Rents are at market value nothing left to do except move in or rent out vacant unit. Don't delay schedule showing for vacant unit now.
Large flat roof multi-family with 3 large 1618SF units. Each has 6 rooms and 3 or 4 bedrooms. All large rooms including a large Eat-in kitchen. two Porches for each apartment. Each unit has a storage shed room, full bath and a half and a laundry room. All on a corner lot with Off-street parking for 6 cars. Convenient location.
MANCHESTER 2 Unit, Oversized Corner Lot, Newer Roof, Newer Heating System, Completely Renovated 2nd Floor And A Fenced In Yard! Unit 1 Features 2 Bedrooms, Living Room Dining Room Combo With Bamboo Flooring. Upstairs In Unit 2 You Will Find A Complete Remodel With LVP Flooring, Brand New Cabinets And Appliances, A New Bathroom, And Solid Pine Doors Throughout. Separate Utilities, Along With A Desirable Area Will Sure To Make This Property Easy To Rent. Property Is Currently Owner Occupied With The Upstairs Unit Vacant And Ready To Go! Showings Are Delayed Till the Open House Thursday 11-21 From 4-6pm And Then Again On Saturday The 23rd From 12-2pm!
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. Donâ??t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
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. Donâ??t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
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. Donâ??t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
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.
Welcome to 227-229 Laval St, Manchester, NH 03102! Nestled in a prime location with picturesque views of Rock Rimmon, this beautiful two-family home offers a perfect blend of comfort and convenience. The first unit is a spacious and impeccably updated two-bedroom, one-bathroom residence. The home boasts a partially finished basement, adding valuable additional living space. Step into the newly renovated kitchen featuring sleek quartz countertops, modern stainless steel appliances, and stylish cabinetry. Vinyl plank flooring adds a touch of elegance throughout, complemented by a beautifully redone bathroom that exudes class and sophistication. Adjacent to the first unit is the equally charming second unit, also featuring two bedrooms and one bathroom in great condition. This well-maintained living space is perfect for accommodating a variety of lifestyles and needs. Situated in a great location, residents will enjoy easy access to nearby parks and schools, adding to the appeal of this fantastic investment opportunity. Don't miss the chance to make 227-229 Laval St. your own - Showings will begin at the OPEN HOUSE Saturday Nov. 16h from 11am-1pm & Sunday Nov. 17th from 11am-1pm.
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.
Renovated two family could be owner occupied or would make nice investment property. This property is conveniently located within walking distance of downtown and has lots to offer. Both units are in move in condition and have seen many updates within the last ten years. Each unit has a renovated kitchen with granite countertops and renovated full baths. The hardwood floors have been refinished and the floors in the other areas are tile and new laminate. Steam heating system is newer as is the hot water heater for the 2nd floor unit. Winter is coming but don't fret...there is a two car garage with walk up storage above as well as 3 additional off street parking spaces. The fenced in yard has plenty of room for the children, a garden or for the summer cookout. Property is occupied so we are requesting a 48 hr notice to show. Listing agent is related to seller.
Large 4 and 3 bedroom units in this clean and improved flat top 3 unit building with ample parking. Newer windows, membrane roofing, gas heatingand siding. Inside it's improved with sheet rock, newer trim and doors, tile flooring throughout. It's a big building with big apartments easy to rent. Each apartmentincludes kitchen appliances, washer and dryer. This building has been conscientiously upgraded and maintained by the same owner occupants for 20 years.
Welcome to 549-551 Somerville Street in Manchester, NH 03103â??a well-maintained 6-unit multifamily property offering a fantastic investment opportunity! Each unit features large 3 bedroom spacious layouts ideal for modern living with full bath and washer/dryer hookups. Ample parking with 8-10 spots for off street parking. Located just minutes from Manchesterâ??s vibrant downtown, residents have easy access to major highways, restaurants, retail shops, entertainment, and essential services. The building has been expertly maintained and includes on-site parking, secure entry, and updated systems to ensure peace of mind for both owner and tenants. With close proximity to major highways like I-293, this property is not only a convenient living option but also an excellent addition to any real estate portfolio. Donâ??t miss this chance to invest in a prime Manchester location with a history of strong rental demand.
***Exceptional Mixed-Use Investment Opportunity - 4 Units in the Heart of Manchester** 26 Massabesic is comprised of two apartments (two 2BD/1BA) and two retail units. Ideally situated in a location that ensures both tenant satisfaction and business success. Located across the street from Harriman Park and Lake Ave Foodmart, just 1 mile from Elliot Hospital, and a 5 min drive to all amenities Downtown Manchester has to offer. Utilities are separated for every unit. Heat and hot water includes a variety of systems with electricity, gas, or oil as the heat source. Don't miss the opportunity to invest in this standout property where residential stability meets commercial vitality- schedule your showing today!
MULTI-FAMILY HOME CLOSE TO EVERYTHINGâ?¦CLEVER INVESTORS TAKE NOTE! This centrally located five unit property is ready for an owner-occupant or those looking to generate passive real estate income. Minutes to the highway taking you easily to Boston, the seacoast or lakes regions with shopping, restaurants, parks and green spaces just out your door this gem is a short stroll to vibrant downtown Manchester and the scenic Merrimack River. Two stories of gracious covered porches framed with white railings and ornamental supports add to the curb appeal of this historic home. The center entrance leads to a grand staircase and welcoming hallway. Five light and bright apartments span three levels and each feature a different floor plan for true versatility for your renters and boast comfortable, sun-filled rooms accented with updated hard surface flooring. High ceilings give a large sense of space, bay windows and substantial moldings add to the charm. Unique kitchens feature granite, butcher block and solid surfaces and vintage cabinetry. The bonus of laundry facilities on the first floor is a highly desirable perk. A large driveway leads to plentiful parking spaces for renters behind the home for ease of living. Many systems and features have been recently updated and refreshed, making this a superb opportunity for the right buyer. WITH FABULOUS INCOME POTENTIAL IN AN ULTRA-CONVENIENT LOCATION...ITâ??S AN INVESTMENT YOUR TENANTS AND WALLET WILL LOVE!
If you're looking for a Multi Family that checks all of the boxes, this one is it! 3 Family, large corner lot, walking distance to schools, best schools in Manchester, Newer High-End heating systems, New Oil tanks, New Hot Water tanks, Central A/C in all units, Vinyl Windows, Hardwood floors and the list just keeps going! If you're looking to get into or are already in the Rental Market, this is one property that should be in your portfolio! What are you waiting for? Make your appointment to see this property!
Excellent for Investors, Business Owners, and Owner-Occupied. Renovation required. Large two-family home in mixed-use residential area near Elliott Hospital. Building includes a 3-bedroom/1 bathroom main house and a 2-bedroom/1 bathroom attached unit. Currently Vacant, so buyer has full control of rents in a very desirable market. New Certificate of Compliance issued December 2024. New roof and underlayment as of November 2021. High ceilings and lots of windows look out over a large yard. Private driveway off of private way from main road. Two sitting porches (one per unit) with private entrances to each unit. The units share very few walls, boosting privacy and noise reduction. The property and neighborhood provide unique advantages in recreation, services, privacy, and logistics: Easy access to highways (101 and 93 under one mile) and local points of interest (retail/shopping on South Willow Street, dining, nightlife, city services on Elm Streetâ??both less than two miles away). Lake Massabesic is just 3 miles away, via nearby Rockingham Recreational Trail. Active neighborhood with a "Very Walkable" rating on WalkScore (71). Overall, this property is an opportunity to own a high-quality income-generating asset in one of Manchester's best-connected neighborhoods. Property abuts several non-conforming lots and also abuts a B-2 General Business zone. Adaptability and flexibility are both high for this property, with variance.
Recently rehabbed pristine 2 family. Off street parking and separate utilities. Nothing left to do but move in! Driveway can be entered from Maple St or the rear alley. Walk out basement. 2 screened in enclosed porches on the first floor. Newer windows, bamboo on the first floor, new carpet on the second floor. Walk up attic begging to finished into more living space. Both kitchens feature new cabinets, appliances, and granite counters. Don't miss out book your showing today. Vacant and ready for an owner occupant. VA and FHA welcome!
Outstanding well built brick building with 5 units, plenty of off street parking, and an extra lot. Centrally located within walking distance to everything you would want! 1 unit was commercial, can convert to 3 bedroom.
Huge two family building with very good bones and ready for owner to occupy and or chose your own tenants. Just RENOVATED interior from top to bottom, with new kitchens, baths, paint and flooring. First floor two bedroom has refinished hardwood floors. Second floor is a two level townhouse unit with four bedrooms and new plank flooring. Eat in kitchens plus dining rooms in both apartments as well as washer dryer hook ups. Side porch, fenced yard, and two car garage off the back with second floor storage space and additional four car parking front and back. All utilities are separate. New roof installed 2024. Estimated rents are $1950 for the first floor and $2550 for the second floor townhouse unit. Potential income $54,000, expenses $9786. C.O.C. good until12/2026. Buyer's feet got chilled....BOM.
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 Manchesterâ??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.
The median home value in Manchester, NH is $430,000. This is higher than the county median home value of $427,300. The national median home value is $338,100. The average price of homes sold in Manchester, NH is $430,000. Approximately 44.12% of Manchester homes are owned, compared to 50.59% rented, while 5.3% are vacant. Manchester real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Manchester real estate agent to arrange a tour today!
Manchester, New Hampshire has a population of 114,730. Manchester is less family-centric than the surrounding county with 24.45% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Manchester, New Hampshire is $66,929. The median household income for the surrounding county is $86,930 compared to the national median of $69,021. The median age of people living in Manchester is 36.9 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 13.4 degrees. The average rainfall is approximately 44 inches per year, with 58.1 inches of snow per year.