Manchester NH Multi-Family Properties

MLS Number 5022060

• Multifamily
• Units 19
• Bathroom 20
• Acreage 0.4
• Square Feet 12,271

An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $25,860, totaling a gross annual income of $311,520. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,210. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9800. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7600. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.

Listed by Mike Giannone of The Aland Realty Group

MLS Number 5031146

• Multifamily
• Address 151 Pearl Street
• Units 15
• Bathroom 4
• Acreage 0.22

Established 15 unit rooming house covering 3 generations. Well maintained throughout including new roof in 2018, FHW natural gas heat updated within 8 yrs. , common hallways painted in 2023, new Thermopane windows within 5 years, new kitchen floor including subfloor in 2021, new GE refrigerator and Range, several updated rooms, exterior painted in 2018. Communal kitchen, 4 bathrooms, 1st floor laundry. Paved parking with 2 separate driveways. 2024 Tax Return showed $127,560 gross rent. With current rents projected rent could exceed $180K. Total expenses: $30K. Rarely a vacancy here in much sought after congregate living housing that fits an important affordable housing niche in Manchester. Corner lot with nearby shopping and public transportation.

Listed by Richard Dumont of Century 21 Dumont and Assoc.

MLS Number 5022062

• Multifamily
• Address 489 Pine Street
• Units 8
• Bathroom 8
• Acreage 0.11

489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210. Thoughtful renovations throughout. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!

Listed by Mike Giannone of The Aland Realty Group

MLS Number 5022061

• Multifamily
• Address 187 Merrimack Street
• Units 6
• Bathroom 6
• Acreage 0.16

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!

Listed by Mike Giannone of The Aland Realty Group

MLS Number 5024879

• Multifamily
• Units 5
• Bathroom 4
• Acreage 0.09
• Square Feet 4,946

**A Rare Investment Opportunity in the Heart of Manchester!** This well-maintained, 5-unit multifamily building offers a unique combination of residential and commercial income potential, making it a truly versatile investment. Situated in the heart of Manchester, this property has been a consistent income producer for many years and boasts a steady occupancy rate. All tenants pay their own utilities. Unit Breakdown: (2) One-bedroom units (1) Three-bedroom unit (1) Four-bedroom unit (1) Five-room office space The mix of residential and commercial spaces provides flexibility for a variety of uses, including potential owner-occupancy, small business operations, or expansion of office services. Includes 5 off street parking spots for tenants and 4 on-street parking spots. This is an exceptional opportunity for investors looking to expand their portfolio or for a hands-on owner-operator seeking a property with built-in income and future growth potential. Don't miss out!

Listed by Jason Saphire of www.HomeZu.com

MLS Number 5022063

• Multifamily
• Units 5
• Acreage 0.13
• Square Feet 4,541
• Area NH-Hillsborough

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space. Great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!

Listed by Mike Giannone of The Aland Realty Group

MLS Number 5032372

• Multifamily
• Address 49-51 Jane Street
• Units 4
• Bathroom 4
• Acreage 0.11

Listed by Stephen Wells of Realty 1-Wells Real Estate

MLS Number 5029108

• Multifamily
• Address 22 Cartier Street
• Units 3
• Acreage 0.12
• Square Feet 3,360

Turnkey 3-Family Investment Property with Prime Location & Strong Rental Income! Don't miss out on this well-maintained, fully rented 3-family property, offering an exceptional opportunity for both investors and buyers looking for passive income. The property features two spacious 3-bedroom units and a cozy 1-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. With off-street parking and a side lawn area, this property offers convenient amenities for tenants while minimizing upkeep for the owner. Each tenant is responsible for their own utilities, ensuring minimal landlord costs. Situated in a prime location, just minutes from CMC Medical Center and within walking distance to shopping, dining, and several parks, this property is always in demand. Recent updates have been made to enhance the appeal and functionality of the units, ensuring long-term value and tenant satisfaction. This is the perfect opportunity for an investor seeking a low-maintenance, high-return rental property in a thriving area. Whether you're looking to add to your portfolio or secure a property that provides steady cash flow, this one is ready to go!

Listed by Michael Sargent Sr of Source Real Estate