List Price: $650,000 | $252 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 0 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Apr 1, 2026 | MLS# 5082086
With 0 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Apr 1, 2026 | MLS# 5082086
To see this Listing
Address: 383 Manchester Street Manchester NH
Listed by Nick Gray Gray Property Group, LLC
Description:
Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. 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 via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 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. Operating Expenses : Insurance,Maintenance,Professional Management,Other,Sewer,Snow Removal,Trash,Utilities,Water,Water/Sewer
Annual Expenses
Taxes: $5,878
Taxes: $5,878
Income
Gross Income | $63,120
NetIncome | $42,384
Gross Income | $63,120
NetIncome | $42,384
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 5
Tenant Pays : Electric,Heat,Hot Water
UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 5
Tenant Pays : Electric,Heat,Hot Water
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Rooms: 5
Tenant Pays : Electric,Heat,Hot Water
Construction: Timber Frame | Vinyl Siding
Year Built: 1898
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 2580
Above Grade Sq.Ft.: 1692
Below Grade Sq.Ft.: 888
Basement: Concrete Floor
Year Built: 1898
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 2580
Above Grade Sq.Ft.: 1692
Below Grade Sq.Ft.: 888
Basement: Concrete Floor
Roof: Asphalt Shingle
Seasonal: No
Seasonal: No
Heating: Forced Air | Hot Air
Cooling: None
Electric: 100 Amp Service
Trash: Municipal
Utilities: Cable
Electric Meters: 4
Gas_Meters: 3
Water: Public
Sewer: Public
Cooling: None
Electric: 100 Amp Service
Trash: Municipal
Utilities: Cable
Electric Meters: 4
Gas_Meters: 3
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.07 acres
Zoned: MX-2)
Surveyed: No
Flood Zone: No
Road Frontage: 35
Driveway: Paved
City Lot
Lot size: 0.07 acres
Zoned: MX-2)
Surveyed: No
Flood Zone: No
Road Frontage: 35
Driveway: Paved
Additional Information
Easement - Yes
Block - 1
Taxes $5,878
Assesed Value Not Reported
Easement - Yes
Block - 1
Taxes $5,878
Assesed Value Not Reported
Schools
