5-Unit Multifamily on Manchester's East Side

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30840118
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 4,792 SF
Gross Building Area: 6,982 SF
Gross Land Area: 0.11 Acres
Sale Price: $599,000
Unit Price: $119,800 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,579 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/26/2023

Overview / Comments

5-unit multifamily property on the East Side of Manchester consisting of two triple-deckers totaling four 2-bed, 1-bath units and one 1-bed, 1-bathunit. The upstairs apartment in the front building spans the second and third floors and is owner-occupied by members of a family that has owned the property for nearly 100 years. Three of the other four apartments are rented to tenants-at-will at below market rates and one apartment is being purposely held vacant for the next buyer. Plenty of upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. A driveway provides two off-street parking spaces and there is ample street parking available in the vicinity. The property’s certificate of compliance (COC) is active and is in the process of being renewed. Delayed showings will begin Friday, April 21st.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 55-31
Zoning: R-3
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 3
Year Built: 1890
Construction/Siding: Other
Parking Description: A driveway provides two off-streetparking spaces and there is ample street parking available in the vicinity.
Total Parking Spaces: 2
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Heat Pump
Fuel: Gas
Internet Access: Cable
Zoning Description: R-3 Residential
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,785 104,687 143,800
Median Age: 33.57 37.41 37.53
Households: 13,499 43,282 57,634


Photograph of Listing Agent

Nick Gray

Gray Property Group
NECPE Member
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