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Adam Dow

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

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377-383 Manchester St , Manchester, NH 03103
$1,650,000
Est. Payment: $3,666.67/mo
0 Bed
0 Bath
8500 Sqft
Status: Active | Days on site: 112
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5996 - 620367,616289
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House Description

Well-maintained 9-unit multifamily portfolio located on the East Side of Manchester, consisting of three adjacent 3-unit buildings at 377, 379, and 383 Manchester Street. The portfolio includes six 1-bedroom units and three 2-bedroom units, all with functional layouts. Interiors across the units are serviceable and easy to maintain, suited for consistent tenant demand. Each unit is separately metered, with tenants responsible for natural gas (heat) and electricity (hot water, lights, and plugs), helping to keep operating expenses low, while the landlord covers water and sewer. The properties feature approximately 9–10 off-street parking spaces across a contiguous lot, along with additional street parking. 383 Manchester Street benefits from parking via an easement with the adjacent 379 Manchester Street. Current rents are approximately $1,325-$1,475/month for the 1-bedroom units and ~$1,750/month for the 2-bedroom units, generating a combined ~$163K/year in gross income and an estimated ~$105K in net operating income. This portfolio offers investors the ability to acquire scale within a single location, with operational efficiencies, strong in-place income, and long-term upside through rent growth and continued management improvements.

Highlights

Listed by Nick Gray , 603-637-4812 and Matthew Dennehy , 603-257-5000 Gray Property Group, LLC , 603-637-4812.

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1890

County

Hillsborough

Listing ID

5082090

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:7250
Basement:Yes,Concrete Floor,Unfinished

Exterior Features

Lot:Existing
Zoning:MX-2
Roof:Asphalt Shingle
Sewer:Public
Principal Interest
$3,667
Taxes
$1,470

Home Price

$1,650,000

Loan Details

30 yrs
%

Down Payment

20%
$330,000
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Monthly Price:
$3,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,666.67 $1,469.58 $0.00 $5,136.25
Yearly $44,000.00 $17,635.00 $0.00 $61,635.00
Total $1,320,000.00 $529,050.00 $0.00 $1,849,050.00

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.