Residential Income at 190 Ray Street, Manchester
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$684,900

Under contract
190 Ray Street
Manchester, NH 03104
Listed by Mark Lynch · RE/MAX Synergy
Bedrooms
5
Bathrooms
3
Living area
N/A
Year built
1870

About this home

Opportunity knocks with this well-maintained three-family property located in Manchester's desirable North End, offering the perfect blend of immediate cash flow and long-term investment potential. Featuring two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all three apartments are currently occupied with month-to-month leases, providing flexibility for investors or owner-occupants alike. Current rental income totals $5,400 per month ($64,800 annually), with separate utilities allowing tenants to pay their own heat, hot water, and electricity. Built in 1870 with classic Colonial charm, the property offers over 3,300 square feet of finished living space and features hardwood, laminate, and carpet flooring, public water and sewer, natural gas and oil heat, plus off-street parking. Conveniently located just minutes from downtown Manchester, schools, hospitals, shopping, restaurants, and major commuter routes, this is an ideal addition to any investment portfolio or a fantastic opportunity to offset your mortgage with rental income. Whether you're looking to expand your portfolio or purchase your first multi-family property, 190 Ray Street delivers strong income, an excellent location, and tremendous upside. Don't miss your chance to own this solid North End investment.

Property details

MLS
Prime MLS
MLS #
5100708
Property type
Residential Income
Subdivision
N/A
Status
Under contract
Days on market
5
On market date
N/A
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.18 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Webster School
0.54 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
348
Student:teacher ratio
11.6:1
District
Manchester School District
MiddleCharter
Kreiva Academy Public Charter School (M)
1.11 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
HighCharter
Kreiva Academy Public Charter School (H)
1.11 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
111
Student:teacher ratio
15.9:1
District
Kreiva Academy Public Charter School District

Walkability

Blended score for Manchester's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

69
Walkable
out of 100
EPA National Walkability Index
9.7 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks3
Schools8
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Manchester, from live MLS data.

On the market 5 days -- 86 fewer days than Manchester's current average of 91 days.
For reference, the median list price across 376 active listings in Manchester right now is $320,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,275/mo
$136,980 down
$547,920 loan
Principal & interest$3,554
Property tax (est.)$571
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 07/25/26.