383 Manchester ST, Manchester, NH 03103
383 Manchester ST, Manchester, NH 03103
383 Manchester ST, Manchester, NH 03103
383 Manchester ST, Manchester, NH 03103
383 Manchester ST, Manchester, NH 03103
383 Manchester ST, Manchester, NH 03103
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Charlotte Gill

Charlotte Gill

+1(207) 256-0638
Listed by Nick Gray • Gray Property Group, LLC
$ 629,000
Est. payment | /mo

6 Beds

3 Baths

2,580 SqFt

Save
$ 629,000
Est. payment | /mo
Save

6 Beds

3 Baths

2,580 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,580 sqft

Price per Sqft $243

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

PrimeMLS
Charlotte Gill

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 256-0638

charlotte@obergagency.com

132 Bridgton Rd, Bridgton, Maine, 04009, USA

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383 Manchester ST