51 Ash Street, Manchester, NH
Residential Income
Listed by Clements Realty Group Inc. · Benjamin Davis
Property Description
51 Ash Street, Manchester is a residential income for sale in New Hampshire at $1,440,000. The property offers 8,786 square feet of living space. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. The numbers worth knowing: 1890 construction and roughly $164 per square foot. Scroll on for current photos, the complete spec sheet and this Manchester listing's market context.
51 Ash Street consists of nine (9) one-bedroom apartments, including six (6) spacious four-room units and three (3) three-room one-bedroom units. The generous footprint of the four-room apartments creates meaningful flexibility for ownership: these units can be repositioned as two-bedroom apartments to capture additional rental income or maintained as oversized one-bedroom homes that stand apart from competing product in the submarket. Recent improvements include new vinyl siding, new windows, new electrical panels and new decks and porches, reducing near-term capital exposure for a new owner. The property is currently served by a central oil-fired forced hot water heating system and can be converted to natural gas—offering a clear path to significant heating cost savings and improved net operating income. Additional upside exists in the open area at the rear of the building, which presents the possibility of adding on-site parking, a premium amenity in this walkable, parking-constrained neighborhood. The asset is offered at an asking price of $1,440,000 ($160,000/unit), which equates to a going-in Cap Rate of 6.5% and a pro-forma cap of 8.10%. The combination of an irreplaceable location, multiple value-add levers, and Manchester’s strong rental fundamentals makes 51 Ash Street a compelling acquisition for investors seeking in place income with significant future upside.
Location Highlights
51 Ash Street is a residential income in Manchester, New Hampshire, listed at $1,440,000. That works out to about $164 per square foot, for a home built in 1890. It has been on the market for 8 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:8,786
- Price / SqFt:$163.90
- Property Type:Residential Income
- Year Built:1890
- County:NH-Hillsborough
- Town:Manchester, NH
- Status:Active
- Days on Market:36
Primary Features
Interior Features
Financial Details
Additional
External Features
Property History
Annual taxes for this property
| Year | Assessed Tax |
|---|---|
| 2024 | $24,480 |
| 2023 | $23,868 |
| 2022 | $23,256 |
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$447,142
- Price range$220,000 – $625,000
Mortgage Calculator
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- Principal & Interest$7,281
- Property Tax$2,040
- Home Insurance$300
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 51 Ash Street, Manchester, NH
Questions About This Listing
What is the MLS number for 51 Ash Street?
The MLS number is #5100705 (PrimeMLS), listed on July 20, 2026.
What is the asking price of 51 Ash Street?
51 Ash Street in Manchester, NH is listed at $1,440,000.
That works out to about $164 per square foot.
What kind of property is 51 Ash Street?
Residential income in Manchester, New Hampshire, built in 1890.
How big is 51 Ash Street?
It offers 8,786 square feet of living space.
Where is 51 Ash Street located?
The property is in Manchester, New Hampshire (03104).
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NOTE: This representation is based in whole or in part on data generated by PrimeMLS, Inc., which assumes no responsibility for its accuracy. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS.
This listing data is intended for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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