List Price: $825,000 | $191 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 2 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units
Under Contract Date Listed Monday Jun 8, 2026 | MLS# 5093367



Address: 575 Summer Street Manchester NH
Listed by Nikki Kalantzis Realty One Group Next Level
Description:
Exceptional investment opportunity with strong cash-flow potential! This well-maintained 4-unit multifamily property offers over 4,300 square feet of rentable living space and features an attractive unit mix of two spacious 3-bedroom units and two 1-bedroom units. Designed for efficiency and investor-friendly ownership, all utilities are separately metered, with tenants responsible for their own utility expenses, significantly reducing owner overhead and maximizing net operating income. The property is serviced by natural gas, includes off-street parking, and offers added tenant convenience with washer/dryer hookups in both 3-bedroom units, plus additional laundry hookups in the basement, creating the potential for supplemental income through a shared laundry area. One of the most compelling features is the opportunity for future revenue growth. Three of the four units are currently occupied on month-to-month leases, providing flexibility for an investor to adjust rents to market rates and optimize cash flow. The property has been cared for by long-term, reliable tenants who pay on time and take pride in maintaining their homes, helping to preserve the condition of the building while providing stable income. Whether you're looking to expand your portfolio, execute a value-add strategy, or secure a turnkey asset with upside potential, this property checks all the boxes. With strong fundamentals, low operating expenses, separate utilities, and significant room to increase income, this is a rare chance to acquire a multifamily asset with both immediate cash flow and long-term appreciation potential. Don't miss the opportunity to unlock the full earning power of this investment property. Group showings Tuesdays 6 at 6pm, Thursdays at 12pm and Saturdays at 1pm by APPOINTMENT ONLY!
Annual Expenses

Taxes: $9,537
Income

UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 1400.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month

UNIT 2 INFORMATION

Beds: 3
Baths: 1
Rooms: 5
Level: 2
Tenant Pays : Electric,Heat,Hot Water
Rent : 1800.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

UNIT 3 INFORMATION

Beds: 2
Baths: 1
Rooms: 5
Level: 3
Tenant Pays : Electric,Heat,Hot Water
Rent : 1500.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to M

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 1350.00 Monthly
Lease Term : Annual
Status : Leased

Construction: Wood Frame
Year Built: 1920
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5750
Above Grade Sq.Ft.: 4320
Basement: Unfinished
Exterior Color: Yellow
Roof: Flat | Other
Seasonal: No
Heating: Natural Gas
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Other
Electric Meters: 5
Gas_Meters: 4
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.12 acres
Zoned: Residential Multi Family)
Surveyed: Unk
Flood Zone: No
Driveway: Paved
Additional Information
Block - 0
Taxes $9,537
Assesed Value Not Reported
Schools
School District: Manchester School District

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