514 Hanover Street
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$1,325,000

514 Hanover Street
Manchester, NH 03104
Listed by Matthew G Brown · Galactic Realty Group LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1910

About this home

Turn-key 5-unit multifamily investment opportunity located atop Manchester’s prestigious “Hanover Hill.” This well-maintained property offers a unique unit mix featuring an expansive 4-bedroom/3-bathroom unit, a 2-bedroom/2-bathroom unit, a 2-bedroom/1-bathroom unit, two 1-bedroom/1-bathroom units, and an unfinished attic offering potential for future expansion. Tenants are responsible for their own electric and natural gas baseboard heating, while the landlord covers hot water. This low-maintenance property provides an excellent opportunity for investors seeking a stabilized asset with a strong rental history.

Property details

MLS #
5101368
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
20
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.39 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
McDonough School
0.26 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
435
Student:teacher ratio
10.9:1
District
Manchester School District
Middle
Hillside Middle School
0.49 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
730
Student:teacher ratio
10.6:1
District
Manchester School District
High
Manchester Central High School
0.57 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
$8,129/mo
$265,000 down
$1,060,000 loan
Principal & interest$6,875
Property tax (est.)$1,104
Home insurance (est.)$150

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