377 Manchester Street Manchester, NH
$479,000
Baths 3
Square Footage 2,257
Acres 0.07
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.
Listed by Gray Property Group, LLC, Nick Gray & Matthew Dennehy 603-637-4812
Details
MLS 5082071
Price $479,000
Status Active
DOM 160 days
Type Multi-Family
Style Apartment Building
Baths 3 full baths
Square Feet 2,257 sqft
Lot Size 0.07 acres
Year Built 1890
Taxes Paid $5,153
Lot & Building Features
Utilities Gas at Street, Cable
Construction Vinyl Siding
Cooling None
Heating Hot Air, Forced Air
Parking Description Off Street
Sewer Public
Tax Year 2025
Taxes Paid $5,153
Water Public
Basement Description Unfinished, Concrete Floor
Foundation Fieldstone
Lot Description City Lot
Roof Tar and Gravel
Features Exterior Enclosed Porch
Garage No
Unit Features
Unit 1 Tenant Pays Hot Water, Heat, Electric
Unit 2 Tenant Pays Hot Water, Heat, Electric
Unit 3 Tenant Pays Hot Water, Heat, Electric
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

