Listed by Gray Property Group, LLC · Nick Gray · 603-637-4812
Residential Income · Manchester, NH
463 Lake Avenue, Manchester, NH
$515,000
Est. $2,604/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 2,028
- Built
- 1880
- MLS®
- #5108239
Property Description
Buyers searching Manchester, New Hampshire will want a look at 463 Lake Avenue — a multi-family income property asking $515,000. It features 2,028 square feet of living space. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. Also on the sheet: a 0.07-acre lot, 1880 construction and roughly $254 per square foot. Everything below — photos, details, schools and market data — updates live from the MLS.
Turnkey duplex in Manchester’s Hanover Hill neighborhood, offering two well-maintained 2-bedroom, 1-bathroom units with functional layouts, stainless steel appliances, and durable vinyl plank flooring. Both units feature washer/dryer hookups, separate electric water heaters, and independent natural gas boilers. Tenants are responsible for heat, hot water, and electricity, while landlord pays public water and sewer. The property is conveniently located with easy access to Downtown Manchester and Elm Street, the South Willow Street commercial district, and Elliot Hospital. Downtown Manchester and the South Willow Street corridor are just minutes away, providing access to dining, retail, entertainment and everyday amenities. Elliot Hospital is less than a mile from the property, adding further appeal for healthcare professionals and hospital employees. The current owner has taken excellent care of the property, which features a brand-new roof installed in 2025 with a transferable 50-year warranty., and a clean, dry basement. A paved driveway and side parking area provide off-street parking for at least two vehicles, with the potential for up to four vehicles with tandem parking. The property is intentionally being marketed vacant, providing an owner-occupant or investor with the opportunity to take immediate possession and select their own tenants. The units were most recently rented for $1,875/month on the first floor and $1,850/month on the second floor. Pro forma financials reflect ~$45,000 in annual gross revenue and ~$29,000 in net income after operating expenses. Whether you are looking to expand your portfolio or owner-occupy, 463 Lake Avenue offers a rare turnkey opportunity in a convenient location. With proximity to Downtown, the South Willow commercial district, and Elliot Hospital, combined with a well-maintained property and established rental history, this duplex is ready for its next owner.
Location Highlights
463 Lake Avenue is a residential income in Manchester, New Hampshire, listed at $515,000. That works out to about $254 per square foot, for a home built in 1880. It has been on the market for 2 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
- 2,028
- Price / SqFt
- $253.94
- Property Type
- Residential Income
- Year Built
- 1880
- County
- NH-Hillsborough
- Town
- Manchester, NH
- Status
- Active
- Days on Market
- 43
Primary Features
- County
- NH-Hillsborough
- Property Type
- Residential Income
- Year Built
- 1880
- Zoning
- MX-2
Interior Features
- Appliances
- Electric Water Heater
- Basement
- Yes
- Basement Access Type
- Walk-up
- Basement Description
- Unfinished
- Cooling
- None
- Electric
- 100 Amp Service
- Flooring
- Vinyl Plank
- Heating
- Natural Gas
- SqFt-Approximate Finished Above Grade
- 2,028
- SqFt-Approximate Finished Below Grade
- 0
- SqFt Approximate Total Finished
- 2,028
- SqFt Approximate Total
- 3,164
Financial Details
- Cable Company
- Comcast
- Electric Company
- Eversource
- Fuel Company
- Liberty Utilities
- Tax - Gross Amount
- $6,102.36
- Tax Year
- 2025
- Taxes TBD
- No
Additional
- Construction Status
- Existing
- Construction
- Clapboard Exterior, Wood Frame
- Covenants
- No
- Flood Zone
- No
- Pre-Construction
- No
- Seasonal
- No
- Total Stories
- Two
- Surveyed
- Unknown
External Features
- Driveway
- Paved
- Foundation
- Fieldstone
- Garage
- No
- Lot Features
- City Lot
- Lot - Acres
- 0.07
- Lot - SqFt
- 3,049
- Road Frontage Type
- Public
- Road Frontage
- Yes
- Road Frontage Length
- 40
- Roof
- Asphalt Shingle
- Sewer
- Public
- Utilities
- Cable, Gas On-Site
- Water Source
- Public
MLS®: PrimeMLS #5108239; Listed by Gray Property Group, LLC · Nick Gray · 603-637-4812
Property History
Estimated annual taxes for this property
- 2024
- $8,755
- 2023
- $8,536
- 2022
- $8,317
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
$3,441/ mo
- Principal & Interest
- $2,604
- Property Tax
- $730
- Home Insurance
- $107
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 463 Lake Avenue, Manchester, NH
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How big is 463 Lake Avenue?
463 Lake Avenue in Manchester, NH has 2,028 square feet of finished living space.
What is the asking price of 463 Lake Avenue?
463 Lake Avenue in Manchester, NH is listed for $515,000 on PrimeMLS.
That is about $254 per square foot of finished living space.
It came on the market on September 4, 2026.
Is 463 Lake Avenue still available?
Yes. 463 Lake Avenue in Manchester, NH is listed as Active on PrimeMLS (MLS #5108239).
Status can change quickly; contact us to confirm availability before you visit.
Who is the listing agent for 463 Lake Avenue?
463 Lake Avenue 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 kind of property is 463 Lake Avenue?
463 Lake Avenue in Manchester, NH is a multi-family income property built in 1880.
The MLS lists its style as Duplex, with two stories.
Where is 463 Lake Avenue located?
463 Lake Avenue is in Manchester, New Hampshire 03103, in Hillsborough County.
How much land comes with 463 Lake Avenue?
463 Lake Avenue in Manchester, NH sits on 0.07 acres, per the MLS.
The lot is described as city lot.
It has 40 feet of road frontage (public).
Zoning: MX-2.
The MLS lists it as outside a flood zone.
How much are the property taxes on 463 Lake Avenue?
Annual property taxes on 463 Lake Avenue in Manchester, NH are $6,102 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.
How is 463 Lake Avenue heated?
463 Lake Avenue in Manchester, NH is heated by natural gas, per the MLS.
The MLS lists no cooling system.
Does 463 Lake Avenue have town water and sewer?
463 Lake Avenue 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; cable provider Comcast.
Is there a basement at 463 Lake Avenue?
Yes. 463 Lake Avenue in Manchester, NH has a basement with walk-up access.
The MLS describes it as unfinished.
What features does 463 Lake Avenue have?
The MLS lists these appliances at 463 Lake Avenue in Manchester, NH: electric water heater; confirm which ones convey in the purchase agreement.
Flooring: vinyl plank.
Does 463 Lake Avenue have a garage?
The MLS lists no garage at 463 Lake Avenue in Manchester, NH; parking is off a paved driveway.
How does the price of 463 Lake Avenue compare with other Manchester listings?
At $515,000, 463 Lake Avenue in Manchester, NH is priced below 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 do I schedule a showing of 463 Lake Avenue?
To see 463 Lake Avenue 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.