377-383 Manchester Street, Manchester, NH
Residential Income
Listed by Gray Property Group, LLC · Nick Gray
Property Description
Well-maintained 9-unit multifamily portfolio located on the East Side of Manchester, consisting of three adjacent 3-unit buildings at 377, 379, and 383 Manchester Street. The portfolio includes six 1-bedroom units and three 2-bedroom units, all with functional layouts. Interiors across the units 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 properties feature approximately 9–10 off-street parking spaces across a contiguous lot, along with additional street parking. 383 Manchester Street benefits from parking via an easement with the adjacent 379 Manchester Street. Current rents are approximately $1,325-$1,475/month for the 1-bedroom units and ~$1,750/month for the 2-bedroom units, generating a combined ~$163K/year in gross income and an estimated ~$105K in net operating income. This portfolio offers investors the ability to acquire scale within a single location, with operational efficiencies, strong in-place income, and long-term upside through rent growth and continued management improvements.
Property Details
Essentials & finishes
- Bedrooms:0
- Total Baths:0
- SqFt:7,250
- Price / SqFt:$227.59
- Property Type:Residential Income
- Year Built:1890
- County:NH-Hillsborough
- Town:Manchester, NH
- Status:Active
- Days on Market:103
Primary Features
Interior Features
Financial Details
Additional
External Features
Property History
Price, listing activity & annual taxes for this property
No sales history available.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Manchester128
- Average list price$524,967
- Price range$359,900 – $867,000
- Market sentimentBuyer's Market
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- Principal & Interest$8,343
- Property Tax$2,338
- Home Insurance$344
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.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 128 active · 0 sold in Manchester (last 90 days)
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