575 Summer ST, Manchester, NH 03103
575 Summer ST, Manchester, NH 03103
575 Summer ST, Manchester, NH 03103
575 Summer ST, Manchester, NH 03103
575 Summer ST, Manchester, NH 03103
575 Summer ST, Manchester, NH 03103
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Nikki Kalantzis • Realty One Group Next Level
$ 825,000
Est. payment | /mo

7 Beds

4 Baths

4,320 SqFt

Save
$ 825,000
Est. payment | /mo
Save

7 Beds

4 Baths

4,320 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,320 sqft

Price per Sqft $190

MLS Listing ID 5093367

Bedrooms 7

Full Baths 4

Construction Status Existing

Year Built 1920

Annual Tax Amount $9,537

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Description

Exceptional investment opportunity with strong cash-flow potential! This well-maintained 4-unit multifamily property offers over 4,300 square feet of rentable living space and features an attractive unit mix of two spacious 3-bedroom units and two 1-bedroom units. Designed for efficiency and investor-friendly ownership, all utilities are separately metered, with tenants responsible for their own utility expenses, significantly reducing owner overhead and maximizing net operating income. The property is serviced by natural gas, includes off-street parking, and offers added tenant convenience with washer/dryer hookups in both 3-bedroom units, plus additional laundry hookups in the basement, creating the potential for supplemental income through a shared laundry area. One of the most compelling features is the opportunity for future revenue growth. Three of the four units are currently occupied on month-to-month leases, providing flexibility for an investor to adjust rents to market rates and optimize cash flow. The property has been cared for by long-term, reliable tenants who pay on time and take pride in maintaining their homes, helping to preserve the condition of the building while providing stable income. Whether you're looking to expand your portfolio, execute a value-add strategy, or secure a turnkey asset with upside potential, this property checks all the boxes. With strong fundamentals, low operating expenses, separate utilities, and significant room to increase income, this is a rare chance to acquire a multifamily asset with both immediate cash flow and long-term appreciation potential. Don't miss the opportunity to unlock the full earning power of this investment property. Group showings Tuesdays 6 at 6pm, Thursdays at 12pm and Saturdays at 1pm by APPOINTMENT ONLY!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential Multi Family

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Cooling None

Flooring Hardwood, Other

Exterior

Utilities Available Other

Roof Type Flat,Other

Building

Story 3

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

School District Manchester School District

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

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from RE/MAX Shoreline, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

575 Summer ST