List Price: $1,250,000 | $261 per sq.ft. Multi Family A 15 Unit Multi Family Home
With 15 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Monday Mar 3, 2025 | MLS# 5031146
With 15 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Monday Mar 3, 2025 | MLS# 5031146
To see this Listing
Address: 151 Pearl Street Manchester NH
Listed by Richard Dumont Century 21 Dumont and Assoc.
Description:
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. Operating Expenses : Heat,Insurance,Maintenance,Other,Utilities,Water/Sewer
Annual Expenses
Taxes: $7,248
Taxes: $7,248
Income
Gross Income | $182,000
NetIncome | $152,356
Gross Income | $182,000
NetIncome | $152,356
Appliances : Water Heater – Gas
Construction: Clapboard Exterior
Year Built: 1890
Style: Victorian
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7173
Above Grade Sq.Ft.: 4782
Basement: Full
Foundation size 67x40 Irregular.
Foundation: Granite
Year Built: 1890
Style: Victorian
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7173
Above Grade Sq.Ft.: 4782
Basement: Full
Foundation size 67x40 Irregular.
Foundation: Granite
Exterior Features:
Windows - Double Pane
Exterior Color: Gray
Roof: Shingle - Asphalt
Garage And Parking: On-Site | Parking Spaces 1 - 10 | Paved
Seasonal: No
Windows - Double Pane
Exterior Color: Gray
Roof: Shingle - Asphalt
Garage And Parking: On-Site | Parking Spaces 1 - 10 | Paved
Seasonal: No
Heating: Hot Water
Cooling: Individual
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Other
Electric Meters: 2
Gas_Meters: 1
Water: Public
Sewer: Public
Cooling: Individual
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Other
Electric Meters: 2
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
Corner | Curbing | Level | In Town
Lot size: 0.22 acres
Zoned: R-3)
Surveyed: No
Flood Zone: No
Road Frontage: 130
Driveway: Paved
Corner | Curbing | Level | In Town
Lot size: 0.22 acres
Zoned: R-3)
Surveyed: No
Flood Zone: No
Road Frontage: 130
Driveway: Paved
Additional Information
Docs Available : Certificate of Compliance | Deed | Tax Map
Easement - Unknown
ROW Length: 73
ROW Width: 130
Block - 0
Taxes $7,248
Assesed Value Not Reported
Docs Available : Certificate of Compliance | Deed | Tax Map
Easement - Unknown
ROW Length: 73
ROW Width: 130
Block - 0
Taxes $7,248
Assesed Value Not Reported
Schools
School District: Manchester School District
Elementary School: McDonough School
Middle School: Hillside Middle School
High School: Central High School
School District: Manchester School District
Elementary School: McDonough School
Middle School: Hillside Middle School
High School: Central High School
