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Listed by Nick Gray • Gray Property Group, LLC
$ 650,000
Est. payment /mo
Active
383 Manchester ST Manchester, NH 03103
6 Beds
3 Baths
2,580 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $251
MLS Listing ID 5082086
Bedrooms 6
Full Baths 3
Construction Status Existing
Year Built 1898
Annual Tax Amount $5,878
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property 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.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning MX-2
Rooms
Basement Entrance Walk-up
Basement Concrete Floor
Interior
Cooling None
Exterior
Utilities Available Cable
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Asphalt Shingle
Building
Story 2.5
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
