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Listed by Nick Gray • Gray Property Group, LLC
$ 1,725,000
Est. payment /mo
Active
377-383 Manchester ST Manchester, NH 03103
8,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $202
MLS Listing ID 5082090
Construction Status Existing
Year Built 1890
Annual Tax Amount $17,635
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property 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.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning MX-2
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Unfinished
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
