501 Manchester St - Multi-Family FOR SALE


Manchester, NH 03103- Hanover Hill
$599,000 USD
603-932-3011
501 Manchester St, Manchester, NH for Sale
$599,000 USD
Multi-Family - FOR SALE
1/25
null | Request Cap Rate

501 Manchester St
Manchester, NH 03103
Hanover Hill


OVERVIEW

RARE FIND in Manchester's Hanover Hill neighborhood. An exceptionally well-maintained two-family offering large units, strong in-place income, and standout curb appeal with classic Victorian charm. The property features a spacious 3BR/1BA first-floor unit and a beautifully updated 3BR/2BA second-floor unit. Inside you’ll find real hardwood floors, tall ceilings, bright natural light, and a great blend of original character with modern improvements. The upper unit has been fully renovated, including fresh paint, new flooring, an updated kitchen with granite countertops, new cabinetry, and new appliances, plus recessed LED lighting added in the living room and kitchen. Additional updates include a new half roof (2020), new hot water heaters, appliances under 3 years old in both units, and a new composite rear deck. Washer and dryer in both units. Current rents: $1,800/month (downstairs) and $2,350/month (upstairs) for $49,800/year in annual in-place income. Both leases expire April 30, offering excellent flexibility for an owner-occupant or investor.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Family in Hanover Hill Neighborhood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R2

APN/PARCEL ID

MNCH-000120-000000-000004

ASK ABOUT THIS PROPERTY

Matt LefebvreDowntown RealtyMore Info
603-932-3011

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Matt LefebvreDowntown RealtyMore Info
603-932-3011

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