377-383 Manchester Street, Manchester, NH

Property Description

377-383 Manchester Street sits in Manchester, New Hampshire — a residential income offering 7,250 square feet of living space. The asking price is $1,650,000. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. Beyond the basics, the listing carries 1890 construction and roughly $228 per square foot. See the listing's full details below, and reach out for a private showing of 377-383 Manchester Street.

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.

Location Highlights

377-383 Manchester Street is a residential income in Manchester, New Hampshire, listed at $1,650,000. That works out to about $228 per square foot, for a home built in 1890. It has been on the market for 7 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