305-309 Cedar Street, Manchester, NH
Residential Income
Listed by Gray Property Group, LLC · Nick Gray
Property Description
Offered at $1,795,000, this Manchester residential income 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 1910 construction and roughly $244 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 $1,795,000. That works out to about $244 per square foot, for a home built in 1910. It has been on the market for 4 weeks.
At this latitude, Manchester averages roughly 8.3 hours of sun a day in June and 3.6 in December.
Property Details
Essentials & finishes
- SqFt:7,356
- Price / SqFt:$244.02
- Property Type:Residential Income
- Year Built:1910
- County:NH-Hillsborough
- Town:Manchester, NH
- Status:Active
- Days on Market:28
Primary Features
Interior Features
Financial Details
Additional
External Features
Property History
Annual taxes for this property
| Year | Assessed Tax |
|---|---|
| 2024 | $30,515 |
| 2023 | $29,752 |
| 2022 | $28,989 |
Estimated from list price; verify with the town assessor.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Manchester138
- Average list price$471,225
- Price range$220,000 – $689,000
Mortgage Calculator
Estimate your monthly payment for this home
- Principal & Interest$9,076
- Property Tax$2,543
- Home Insurance$374
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
Questions About This Listing
What type of home is 305-309 Cedar Street?
Residential income in Manchester, New Hampshire, built in 1910.
How much does 305-309 Cedar Street cost?
305-309 Cedar Street in Manchester, NH is listed at $1,795,000.
That works out to about $244 per square foot.
What area is 305-309 Cedar Street in?
The property is in Manchester, New Hampshire (03103).
How do I find 305-309 Cedar Street on the MLS?
The MLS number is #5105141 (PrimeMLS), listed on August 14, 2026.
Is 305-309 Cedar Street still available?
The listing's current MLS status is Active. Reach out and we can confirm availability and arrange a showing.
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Considering this property as a short-term rental?