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Manchester,NH 03104
OPEN HOUSE
Wed Jul 02, 3:00pm - 5:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,638 sqft
Price per Sqft $151
MLS Listing ID 5049386
Bedrooms 6
Full Baths 4
Year Built 1890
Annual Tax Amount $6,539
Tax Year 2024
Lot Size 8,276 Sqft
Property Description
Unlock the potential of this mixed-use property, located in the heart of Manchester, featuring four total units: three spacious 2-bedroom /1-bath residential apartments, 3rd floor finished space, plus a ground-level commercial space currently fitted as a laundromat with a half bath. Each unit is separately metered for utilities, making management straightforward for investors. This medium-density residential neighborhood, Zoned R-3 for mixed use, the property benefits from flexible occupancy options while maintaining a residential feel. With room for updating and increased rental potential, the location, layout, and zoning present a compelling value-add opportunity. With projected rental income of approximately $79,000 annually, plus additional supplemental income from a detached garage rented at $200/month and 5-6 parking spaces at $40 each/month - the property offers the potential to generate over $84,000 per year. A smart investment where community charm meets income-generating versatility.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning R3 / Mixed-Use
Rooms
Basement Entrance Interior
Interior
Cooling None
Flooring Carpet,Laminate,Vinyl
Exterior
Garage Spaces 2.0
Garage Description Detached,Garage,Off Street,Parking Spaces 5 - 10
Utilities Available Gas - On-Site
Roof Type Shingle - Asphalt,Slate
Building
Story 2
Foundation Concrete,Stone
Sewer Public
Schools
Elementary Schools Mcdonough School
Middle Schools Hillside Middle School
High Schools Manchester Central High Sch
School District Manchester Sch Dst Sau #37