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Adam Dow

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

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383 Manchester St , Manchester, NH 03103
$629,000
Est. Payment: $1,397.78/mo
6 Bed
3 Bath
2580 Sqft
Status: Pending | Days on site: 168
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5996 - 620367,616289
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House Description

Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. The interiors 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 property offers off-street parking for 3 vehicles via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.

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
0.07

Year Built

1898

County

Hillsborough

Listing ID

5082086

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:3
  • Full Bathrooms:
Above Ground Sq Ft:1692
Basement:Yes,Concrete Floor

Exterior Features

Lot:Existing
Zoning:MX-2
Roof:Asphalt Shingle
Sewer:Public
Principal Interest
$1,398
Taxes
$490

Home Price

$629,000

Loan Details

30 yrs
%

Down Payment

20%
$125,800
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Monthly Price:
$1,397.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,397.78 $489.83 $0.00 $1,887.61
Yearly $16,773.33 $5,878.00 $0.00 $22,651.33
Total $503,200.00 $176,340.00 $0.00 $679,540.00

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.