498 Merrimack Street, Manchester, NH

Property Description

From its address at 498 Merrimack Street, this residential income puts you in Manchester, New Hampshire. On offer: 2,560 square feet of living space, at a list price of $439,500. 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 1900 construction and roughly $172 per square foot. Browse the gallery and specs below; if it fits, we can have you through the door quickly.

Two spacious units, multiple potential tenant pools, and plenty of opportunity to add value make this Manchester multi family the one investors will want to take a closer look at! Each unit offers approximately 1,280 sq. ft. with 2 to 3 bedrooms, separate entrances and separate utilities, providing flexibility for investors, owner occupants, or multigenerational living. Each unit, per the city, has two bedrooms, but the third spacious room could be used as a third sleeping area, home office, flex space, etc. The basement offers an abundance of additional storage for both units. Situated on a corner lot, there may also be potential to add another driveway for additional off street parking, subject to city approval. All but two windows were replaced in 2018. With some fresh paint and carpeting, this property offers an opportunity to make simple improvements while adding your own finishing touches. See the photos of the virtually staged/updated rooms highlighting the amazing potential this home has! The location adds another layer of investment potential. Elliot Hospital is less than five minutes away, making the property an attractive option for traveling nurses and other healthcare professionals. Elm Street's dining, nightlife, and downtown amenities are approximately 10 minutes away, while UNH Manchester, Saint Anselm College, SNHU, Manchester Community College, and Franklin Pierce University contribute to a diverse potential tenant pool of students, faculty, and staff. Looking beyond a traditional rental? The size and layout could also make this a fantastic multigenerational option. Generous unit sizes, a convenient location, value-add potential, and an amazing price create an opportunity that's hard to ignore. Whether you're expanding your portfolio, purchasing your first multifamily, or looking for a property where you can live in one unit and rent the other, this one is worth a closer look. Seller will provide a new Certificate of Compliance (COC) at closing.

Location Highlights

498 Merrimack Street is a residential income in Manchester, New Hampshire, listed at $439,500. That works out to about $172 per square foot, for a home built in 1900. It has been on the market for 13 days.

At this latitude, Manchester averages roughly 8.3 hours of sun a day in June and 3.6 in December.

Zoned schools in the Manchester Sch Dst SAU #37: McDonough School (Elementary), Hillside Middle School (Middle), Manchester Central High Sch (High). Always confirm zoning with the district office.

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