377 Manchester Street, Manchester, NH
Residential Income
Listed by Gray Property Group, LLC · Nick Gray
Property Description
Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 1-bedroom units with functional layouts. The interiors 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 property offers off-street parking for 3 vehicles, along with additional street parking. Current rents are ~$1,325 per unit per month, generating ~$48K/year in gross income and an estimated ~$30K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 379 and 383 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.
Property Details
Essentials & finishes
- Bedrooms:0
- Total Baths:0
- SqFt:1,662
- Price / SqFt:$288.21
- 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$554,883
- Price range$359,900 – $867,000
- Market sentimentBuyer's Market
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- Principal & Interest$2,422
- Property Tax$679
- Home Insurance$100
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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