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Laurel Allaby

laurel@allabyre.com +1(603) 801-6009

Listed by Shawn Goodwin • Keller Williams Realty-Metropolitan

$ 650,000

Est. payment -/mo

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Open Sat 10AM-12PM

86 School ST Manchester, NH 03102

9 Beds

3 Baths

3,560 SqFt

Open House

Sat Jun 06, 10:00am - 12:00pm

Sun Jun 07, 10:00am - 12:00pm

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $182

MLS Listing ID 5092689

Bedrooms 9

Full Baths 3

Construction Status Existing

Year Built 1900

Annual Tax Amount $7,691

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Description

Attention Investors & Owner-Occupants! The Ultimate Turn-Key 3-Family on Manchester's West Side! Welcome to 86 School Street, a massive multi-family property that checks every single box on a buyer's wishlist. Situated on a prime corner lot in a high-demand rental pocket, this property offers incredible scale, premium mechanics, and zero-headache operations.The first and second stories boast a highly desirable, spacious 1,400 sq.ft. 3-bedroom, 1-bathroom layout averaging an expansive footprint that crushes the local competition. Flooded with natural light, these apartments feature generous living areas, and the perfect layout for long-term, premium tenants. With the second floor vacant, you can live in one unit and "house hack" or rent it out at current market rate! Say goodbye to unpredictable winter heating bills! This building features completely separate, tenant-paid utilities. A natural gas high-efficiency heating systems, 2 tankless on-demand hot water heaters, and separate electric meters.The landlord's expenses are kept incredibly lean, maximizing your Net Operating Income (NOI) from day one. Set on a prominent corner lot, the property offers dedicated off-street parking—a massive premium on the West Side. Tenants will love the convenience of being minutes from Catholic Medical Center (CMC), downtown Manchester's vibrant dining scene, and immediate highway access for an easy commute. With all major mechanical updates already done for you, and COC in hand, 86 School Street is a rare, powerhouse asset to add to your portfolio. Showings begin at open house on June 6th 10am-12pm. Don't miss this West Side gem!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning MDL-01

Rooms

Basement Entrance Walk-up

Basement Basement Stairs, Concrete, Concrete Floor, Exterior Access, Exterior Stairs, Interior Stairs, Storage Space, Unfinished

Interior

Cooling None

Flooring Hardwood, Laminate, Vinyl Plank, Wood

Exterior

Community Features No Smoking

Utilities Available Cable Available, Gas On-Site

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

School District Manchester Sch Dst Sau #37