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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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168 Wilson St , Manchester, NH 03103
$1,395,000
Est. Payment: $3,100.00/mo
0 Bed
0 Bath
9064 Sqft
Status: Active | Days on site: 8
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5561 - 628384
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House Description

MIXED-USE INVESTMENT OPPORTUNITY with strong in-place income and multiple avenues for future growth! 168 Wilson Street currently generates approximately $10,200/month or $122,400 annually from seven occupied units, while the property's largest commercial space is open and ready for its next tenant. An established tenant base and leases extending into 2027 provide stability, while two units are currently month-to-month, offering an immediate opportunity to evaluate rents, with further upside as remaining leases renew. The expansive commercial space has a strong rental history and was previously utilized as a restaurant. Ownership estimates potential market rent of $3,200-$3,500/month, which could bring total property income to approximately $160,800-$164,400 annually before considering future increases to the existing rent roll. The property conveys with commercial walk-in coolers/freezers and an existing frying/duct system, providing valuable infrastructure for a future food-service operator while allowing flexibility for other potential uses, subject to zoning and permitting. Ownership has continued investing in the property with deck, siding, painting and roof updates since 2022. Tenants pay their own utilities, with ownership responsible for water/sewer. Coin-op laundry in the basement presents another potential ancillary income stream, and the property offers off-street parking. Strong current cash flow, established tenancy and multiple opportunities for additional income make 168 Wilson Street a compelling addition to an investment portfolio.

Highlights

Listed by Tyler D Allen , 802-376-6589 New Space Real Estate, LLC , 603-242-1498.

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1910

County

Hillsborough

School District

Manchester Sch Dst SAU #37

Listing ID

5109106

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Wall AC Units
Fireplaces:
Above Ground Sq Ft:9064
Basement:Yes,Full,Unfinished

Exterior Features

Lot:Existing
Zoning:multi/comm
Roof:Tar and Gravel
Sewer:Public
Parking Features:Parking Spaces 6+
Principal Interest
$3,100
Taxes
$962

Home Price

$1,395,000

Loan Details

30 yrs
%

Down Payment

20%
$279,000
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Monthly Price:
$3,100.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,100.00 $961.92 $0.00 $4,061.92
Yearly $37,200.00 $11,543.00 $0.00 $48,743.00
Total $1,116,000.00 $346,290.00 $0.00 $1,462,290.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Manchester, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.