119 Hanover St - Apartments FOR SALE


Manchester, NH 03101- Downtown Manchester
$2,825,000 USD
603-932-3011
119 Hanover St, Manchester, NH for Sale
$2,825,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

119 Hanover St
Manchester, NH 03101
Downtown Manchester


OVERVIEW

119 Hanover Street presents a rare opportunity to own a mixed-use property in the heart of downtown Manchester. Positioned on the corner of Hanover and Chestnut Street—just steps from The Palace Theater, Hanover Street Chophouse, and major new multifamily developments—this location offers unmatched walkability and visibility. The two-story brick building features 11 apartments (a mix of studios and 1-bedrooms), 5 commercial storefronts, and a long-standing billboard lease. Every unit has undergone significant renovations in the past two years, including new electrical panels, updated plumbing, a new rubber roof, high-efficiency mini-splits, and a freshly painted exterior. Each residential unit is outfitted with high-end finishes such as granite countertops, stainless steel appliances, premium LVP flooring, and in-unit A/C. Residents also enjoy free high-speed Wi-Fi, a new laundry room, and 24/7 security coverage via high-resolution interior and exterior cameras. All five commercial spaces are leased on multi-year terms to a stable mix of retail and restaurant tenants. The on-site billboard—rented for nearly 30 years—offers additional upside with a tenant currently paying below-market rent on an at-will basis. Don’t miss this chance to acquire a fully renovated, income-producing building in one of New Hampshire’s strongest rental markets.

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

16

PRICE/UNIT

$176,563

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,171 SF

ZONING

CBD

APN/PARCEL ID

MNCH-000050-000000-000029

ASK ABOUT THIS PROPERTY

Matt LefebvreDowntown RealtyMore Info
603-932-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt LefebvreDowntown RealtyMore Info
603-932-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.