377-383 Manchester ST, Manchester, NH 03103
377-383 Manchester ST, Manchester, NH 03103
377-383 Manchester ST, Manchester, NH 03103
377-383 Manchester ST, Manchester, NH 03103
377-383 Manchester ST, Manchester, NH 03103
377-383 Manchester ST, Manchester, NH 03103
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Nick Gray • Gray Property Group, LLC
$ 1,650,000
Est. payment | /mo

8,500 SqFt

Save
$ 1,650,000
Est. payment | /mo
Save

8,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,500 sqft

Price per Sqft $194

MLS Listing ID 5082090

Construction Status Existing

Year Built 1890

Annual Tax Amount $17,635

Tax Year 2025

Lot Size 9,147 Sqft

Acres 0.21

Property Description

Well-maintained 9-unit multifamily portfolio located on the East Side of Manchester, consisting of three adjacent 3-unit buildings at 377, 379, and 383 Manchester Street. The portfolio includes six 1-bedroom units and three 2-bedroom units, all with functional layouts. Interiors across the units are serviceable and easy to maintain, suited for consistent tenant demand. Each unit is separately metered, with tenants responsible for natural gas (heat) and electricity (hot water, lights, and plugs), helping to keep operating expenses low, while the landlord covers water and sewer. The properties feature approximately 9–10 off-street parking spaces across a contiguous lot, along with additional street parking. 383 Manchester Street benefits from parking via an easement with the adjacent 379 Manchester Street. Current rents are approximately $1,325-$1,475/month for the 1-bedroom units and ~$1,750/month for the 2-bedroom units, generating a combined ~$163K/year in gross income and an estimated ~$105K in net operating income. This portfolio offers investors the ability to acquire scale within a single location, with operational efficiencies, strong in-place income, and long-term upside through rent growth and continued management improvements.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning MX-2

Rooms

Basement Entrance Walk-up

Basement Concrete Floor, Unfinished

Interior

Cooling None

Exterior

Utilities Available Cable

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Asphalt Shingle

Building

Story 2.5

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

PrimeMLS
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH 03801-4161, USA

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377-383 Manchester ST