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Listed price in listed location currency (USD).
$3,129,900

001

MLS® 5089701

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 12271 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $255
MLS® Number 5089701

Property Address: 187, 355-357, 489 Merrimack, & Pine Street, Manchester, NH, 03104

Average square foot calculated using Size range provided by listing agent.

Description

An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27, 805, totaling a gross annual income of $333, 660. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10, 765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7905. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio.
MLS® Number5089701
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1920
BasementBulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Exterior Entry, Full, Insulated, Interior Entry, Other, Assigned Storage, Locked Storage, Storage Space, Basement Stairs, Exterior Stairs, Interior Stairs, Unfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 19, 2026List Date
$3,129,900List Price
  • Commute

Commute

Starting Address
Destination Address
187, 355-357, 489 , Manchester, NH

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