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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$649,900

MLS# 5100708
3307 sq.ft. 5 Bedroom | 0 Bathroom
Multi Family
190 Ray Street Manchester NH 		 
$649,900 | $218 per sq.ft. | MLS# 5100708 A 3  Unit Multi Family Home, 190 Ray Street Manchester NH With 1 - One Bedroom Units | 2 - Two Bedroom Units

Description:
Opportunity knocks with this well-maintained three-family property located in Manchester's desirable North End, offering the perfect blend of immediate cash flow and long-term investment potential. Featuring two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all three apartments are currently occupied with month-to-month leases, providing flexibility for investors or owner-occupants alike. Current rental income totals $5,400 per month ($64,800 annually), with separate utilities allowing tenants to pay their own heat, hot water, and electricity. Built in 1870 with classic Colonial charm, the property offers over 3,300 square feet of finished living space and features hardwood, laminate, and carpet flooring, public water and sewer, natural gas and oil heat, plus off-street parking. Conveniently located just minutes from downtown Manchester, schools, hospitals, shopping, restaurants, and major commuter routes, this is an ideal addition to any investment portfolio or a fantastic opportunity to offset your mortgage with rental income. Whether you're looking to expand your portfolio or purchase your first multi-family property, 190 Ray Street delivers strong income, an excellent location, and tremendous upside. Don't miss your chance to own this solid North End investment.

Annual Expenses
Taxes: $8,065 		    Income
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 1197
Level: 1
Info : Ceiling Fan,Natural Gas Heat,Laundry Hookup,Porch,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Heat,Hot Water
Rent : 2200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 1197
Level: 2
Info : Ceiling Fan,Natural Gas Heat,Laundry Hookup,Porch,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Heat,Hot Water
Rent : 1800.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
UNIT 3 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 585
Style : Garden
Info : Ceiling Fan,Oil Heat,Electric Range,Refrigerator,Smoke Detector,Storage
Rent : 1400.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Aluminum Siding | Exterior Color Tan | Price Per SQ.FT. 218.16 | Year Built: 1870
 LAND DESCRIPTION: LOT DESCRIPTION: Near Shopping | Near Hospital | Near School(s)
Avail.Sq.Ft.: 3
Livable Space: 3307
Above Grade Sq.Ft.: 2979
Below Grade Sq.Ft.: 328
Heating: Natural Gas | Oil
Cooling: Wall AC Units
Electric: 100 Amp Service | Circuit Breaker(s)
Style: Colonial
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Lot size: 0.18 acres
Zoned: Res
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Driveway: Concrete
ADDITIONAL INFORMATION
Taxes $8,065  | Assesed Value $411,900 in 2024
SCHOOLS
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  • Prior to Tenant 25807404 Prior to Tenant
  • 25792039
  • 25792040
  • Basement Area Previous 25807604 Basement Area Previous
  • 25792023
  • 25792021
15 Buck Rd. Hanover, NH 03755 603-643-3942

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