Kathleen L Dulhagen
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Residential Income at 377-383 Manchester Street, Manchester
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60 photos

$1,650,000

377-383 Manchester Street
Manchester, NH 03103
Listed by Nick Gray · Gray Property Group, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1890

About this home

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.

Property details

MLS #
5082090
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
133
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.21 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Henry Wilson Elementary School
0.34 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
436
Student:teacher ratio
12.1:1
District
Manchester School District
MiddleCharter
Kreiva Academy Public Charter School (M)
0.59 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
63
Student:teacher ratio
15.8:1
District
Kreiva Academy Public Charter School District
High
Manchester Central High School
0.29 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,305
Student:teacher ratio
15.5:1
District
Manchester School District

Mortgage calculator

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Est. monthly payment
$10,086/mo
$330,000 down
$1,320,000 loan
Principal & interest$8,561
Property tax (est.)$1,375
Home insurance (est.)$150

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