494 Wilson Street, Manchester, NH

Name: 494 Wilson Street, For Sale in Manchester - Zoocasa
Brand: EXP Realty
SKU: 5106468
Price: 1100000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,100,000

000

MLS® 5106468

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 5884 sqft

Garage

Taxes $11,425

Days Active 1

Lot Size 0.06 Acres

Approx. Age 1883

Avg. Price Per Sqft $186

MLS® Number 5106468

Property Address: 494 Wilson Street, Manchester, NH, 03103

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

Description

Exceptional, 5-unit multifamily property located on Manchester’s desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit, and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10, 300/month (approximately $123, 600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100, 000/year in Net Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.

MLS® Number5106468

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1883

BasementDirt

Driveway

Garage Spaces

HeatNatural Gas, Baseboard

A/CNone

Extras

Map

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