Listed by Gray Property Group, LLC · Nick Gray · 603-637-4812
Residential Income · Manchester, NH
305-309 Cedar Street, Manchester, NH
$1,675,000
$1,725,000 · changed Oct 26, 2026
Est. $8,470/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 7,356
- Built
- 1910
- MLS®
- #5105141
Property Description
Offered at $1,675,000, this Manchester multi-family income property at 305-309 Cedar Street pairs New Hampshire living with everyday convenience. It counts 7,356 square feet of living space. As a multi-unit property it works two ways: live in one unit while the others pay the mortgage, or run the whole building as an investment. Beyond the basics, the listing carries a 0.11-acre lot, 1910 construction and roughly $228 per square foot. Everything below — photos, details, schools and market data — updates live from the MLS.
Excellent 9-unit multifamily investment opportunity in Manchester consisting entirely of spacious 2- and 3-bedroom apartments. The property generates strong rental income, with current rents averaging approximately $1,900/month for 2-bedroom units and $2,500/month for 3-bedroom units. Several units have recently been turned with modest updates, providing a clean, attractive product while maintaining an opportunity for a new owner to continue improving the property and increasing rents over time. The landlord pays for natural gas heat, hot water, and water/sewer. The property is heated by a natural gas boiler, which also provides hot water to three units, while the remaining six units are served by three electric water heaters. Tenants are responsible for their own electricity. The property offers approximately five off-street parking spaces, with additional street parking available in the surrounding neighborhood. Pro forma rents are approximately $229K/year, with pro forma NOI of approximately $149K/year, representing an 8.3% cap rate at the asking price. This is a strong opportunity to acquire a well-located, income-producing multifamily property with a solid unit mix, strong rental income, and additional long-term upside.
Location Highlights
305-309 Cedar Street is a residential income in Manchester, New Hampshire, listed at $1,675,000. That works out to about $228 per square foot, for a home built in 1910. It has been on the market for 3 months.
At this latitude, Manchester averages roughly 8.3 hours of sun a day in June and 3.6 in December.
Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.
Property Details
Essentials & finishes
- SqFt
- 7,356
- Price / SqFt
- $227.71
- Property Type
- Residential Income
- Year Built
- 1910
- County
- NH-Hillsborough
- Town
- Manchester, NH
- Status
- Active
- Days on Market
- 74
Primary Features
- County
- NH-Hillsborough
- Property Type
- Residential Income
- Year Built
- 1910
- Zoning
- MX-2
Interior Features
- Basement
- Yes
- Basement Access Type
- Walk-up
- Basement Description
- Unfinished
- Cooling
- None
- Electric
- 100 Amp Service
- Heating
- Natural Gas
- SqFt-Approximate Finished Above Grade
- 7,356
- SqFt-Approximate Finished Below Grade
- 0
- SqFt Approximate Total Finished
- 7,356
- SqFt Approximate Total
- 10,458
Financial Details
- Electric Company
- Eversource
- Fuel Company
- Liberty Utilities
- Tax - Gross Amount
- $16,692
- Tax Year
- 2025
- Taxes TBD
- No
Additional
- Construction Status
- Existing
- Construction
- Wood Frame, Vinyl Siding
- Covenants
- No
- Flood Zone
- No
- Pre-Construction
- No
- Seasonal
- No
- Total Stories
- 3
- Surveyed
- No
External Features
- Driveway
- Paved
- Foundation
- Fieldstone
- Garage
- No
- Lot Features
- City Lot
- Lot - Acres
- 0.11
- Lot - SqFt
- 4,792
- Road Frontage Type
- Public
- Road Frontage
- Yes
- Road Frontage Length
- 50
- Roof
- Flat, Tar/Gravel
- Sewer
- Public
- Utilities
- Cable, Gas On-Site
- Water Source
- Public
MLS®: PrimeMLS #5105141; Listed by Gray Property Group, LLC · Nick Gray · 603-637-4812
Property History
Estimated annual taxes for this property
- 2024
- $28,475
- 2023
- $27,763
- 2022
- $27,051
Source: Owl’s Nest Real Estate estimate from the list price at New Hampshire’s average effective tax rate — not PrimeMLS or town assessor data. Verify with the town assessor.
Market Data
Live snapshot computed by Owl’s Nest Real Estate from PrimeMLS IDX active listings in this town
- Active listings in Manchester
- 178
- Average list price
- $516,308
- Price range
- $175,000 – $825,000
Mortgage Calculator
Estimate your monthly payment for this home
Estimated Monthly Payment
$11,192/ mo
- Principal & Interest
- $8,470
- Property Tax
- $2,373
- Home Insurance
- $349
Source: Owl’s Nest Real Estate estimate, not PrimeMLS data. Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Around This Property
Schools, everyday places and nearby destinations near 305-309 Cedar Street, Manchester, NH
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How much does 305-309 Cedar Street cost?
305-309 Cedar Street in Manchester, NH is listed for $1,675,000 on PrimeMLS.
That is about $228 per square foot of finished living space.
It came on the market on August 14, 2026.
How big is 305-309 Cedar Street?
305-309 Cedar Street in Manchester, NH has 7,356 square feet of finished living space.
What is the lot size of 305-309 Cedar Street?
305-309 Cedar Street in Manchester, NH sits on 0.11 acres, per the MLS.
The lot is described as city lot.
It has 50 feet of road frontage (public).
Zoning: MX-2.
The MLS lists it as outside a flood zone.
What are the annual property taxes for 305-309 Cedar Street?
Annual property taxes on 305-309 Cedar Street in Manchester, NH are $16,692 for the 2025 tax year, per the MLS.
New Hampshire towns set their own tax rates and revalue periodically, so confirm the current bill with the Manchester assessing office.
What heating and cooling does 305-309 Cedar Street have?
305-309 Cedar Street in Manchester, NH is heated by natural gas, per the MLS.
The MLS lists no cooling system.
What are the water and sewer systems at 305-309 Cedar Street?
305-309 Cedar Street in Manchester, NH has public water and public sewer, per the MLS.
MLS details — water: public; sewer: public.
Electric: 100 amp service (Eversource).
Other utilities: cable and gas on-site.
Does 305-309 Cedar Street have a basement?
Yes. 305-309 Cedar Street in Manchester, NH has a basement with walk-up access.
The MLS describes it as unfinished.
What parking does 305-309 Cedar Street have?
The MLS lists no garage at 305-309 Cedar Street in Manchester, NH; parking is off a paved driveway.
Is 305-309 Cedar Street still for sale?
Yes. 305-309 Cedar Street in Manchester, NH is listed as Active on PrimeMLS (MLS #5105141).
Status can change quickly; contact us to confirm availability before you visit.
Which brokerage has 305-309 Cedar Street listed?
305-309 Cedar Street in Manchester, NH is listed by Nick Gray of Gray Property Group, LLC (603-637-4812).
Owl's Nest Real Estate shows it through the PrimeMLS IDX feed; we are not the listing brokerage.
What type of home is 305-309 Cedar Street?
305-309 Cedar Street in Manchester, NH is a multi-family income property built in 1910.
The MLS lists its style as Multi-Family, Multi-Level, with three stories.
What town is 305-309 Cedar Street in?
305-309 Cedar Street is in Manchester, New Hampshire 03103, in Hillsborough County.
How does the price of 305-309 Cedar Street compare with other Manchester listings?
At $1,675,000, 305-309 Cedar Street in Manchester, NH is priced above the $649,900 median asking price of the 55 multi-family properties for sale in Manchester on PrimeMLS as of November 3, 2026 (this listing included).
That figure is Owl's Nest Real Estate's analysis of active listings, and asking prices are not sale prices — ask us for recent comparable sales before you make an offer.
How can I see 305-309 Cedar Street in person?
To see 305-309 Cedar Street in Manchester, NH, use Request a Showing on this page or call Owl's Nest Real Estate at 401-648-5308.
We can show any MLS-listed home and represent you as your buyer's agent; the listing brokerage represents the seller.
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NOTE: This representation is based in whole or in part on data generated by PrimeMLS, Inc., which assumes no responsibility for its accuracy. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS.
This listing data is intended for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/03/26.