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Brie Stephens

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

Listed by Kathy H Snyder • Monument Realty

$ 699,000

Est. payment -/mo

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313 Amherst ST Manchester, NH 03104

10 Beds

3 Baths

4,100 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,100 sqft

Price per Sqft $170

MLS Listing ID 5067889

Bedrooms 10

Full Baths 3

Construction Status Existing

Year Built 1911

Annual Tax Amount $7,950

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1,548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2,350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1,548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2,200/month, excluding utilities. The third-floor unit includes 1,004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2,150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning MDL3

Rooms

Basement Entrance Interior

Basement Bulkhead, Dirt, No Tenant Access, Interior Stairs, Unfinished, Basement Stairs

Interior

Cooling None

Exterior

Utilities Available Cable Available

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style New Englander

Construction Status Existing

Schools

Elementary Schools Mcdonough School

Middle Schools Hillside Middle School

High Schools Manchester Memorial High Sch

School District Manchester School District

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Moultonborough, NH