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Brie Stephens

[email protected] +1(603) 819-8071

Listed by Amanda Plecinoga • Keller Williams Realty-Metropolitan

$ 550,000

Est. payment -/mo

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Under Contract

Address not disclosed Manchester, NH 03104

6 Beds

4 Baths

3,638 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,638 sqft

Price per Sqft $151

MLS Listing ID 5049386

Bedrooms 6

Full Baths 4

Construction Status Existing

Year Built 1890

Annual Tax Amount $6,539

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

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

Basement Full, Unfinished

Interior

Cooling None

Flooring Carpet, Laminate, Vinyl

Exterior

Garage Spaces 2.0

Utilities Available Gas On-Site

Roof Type Asphalt Shingle,Slate

Building

Story 2

Sewer Public

Architectural Style Freestanding, Multi-Family, Multi-Level

Construction Status Existing

Schools

Elementary Schools Mcdonough School

Middle Schools Hillside Middle School

High Schools Manchester Central High Sch

School District Manchester Sch Dst Sau #37

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Moultonborough, NH