66 Orange St - Apartments FOR SALE


Manchester, NH 03104- Downtown Manchester
$1,650,000 USD
603-932-3011
66 Orange St, Manchester, NH for Sale
$1,650,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

66 Orange St
Manchester, NH 03104
Downtown Manchester


HIGHLIGHTS

  • Fully occupied – stabilized asset
  • Less than one block from Elm Street in downtown Manchester
  • Complete renovation throughout – truly turnkey
  • On-site coin-operated laundry (additional income)
  • Separately metered for gas heat & electricity (tenant-paid)
  • Durable membrane roof

OVERVIEW

Located less than a block off Elm Street and near several new downtown developments, this remodeled brick multifamily building features nine fully occupied and updated units—seven one-bedroom and two two-bedroom apartments. Each tenant is separately metered and pays their own gas heat and electricity, while the owner covers hot water. The property has been completely renovated, including new Rinnai gas heating systems, vinyl plank flooring with partial subfloor replacement, rebuilt interior walls, updated kitchens and bathrooms, new doors, and fresh woodwork throughout, along with significant plumbing updates and upgraded electrical panels. A total of 54 new windows have been installed, and the building is topped with a long-lasting membrane roof. Exterior upgrades include new entryway awnings, security spotlights with cameras, and a reinforced, overimproved structure. Additional amenities include on-site coin-operated laundry, three off-street parking spaces (leased separately), plentiful on-street parking, and a public lot directly across the street. With fully renovated units and minimal deferred maintenance, this property offers an excellent turnkey investment in one of Manchester’s most desirable rental locations.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Residential

APN/PARCEL ID

MNCH-000039-000000-000045

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.