Active
  • Listed by: 

    Kathy H Snyder,

    Monument Realty 603-888-5662

    $699,000

    313 Amherst Street, Manchester, NH 03104

    10beds
    4,100sqft
    : 
    Multi Family
    Built in 1911
    -- sqft lot
    $699,200 Zestimate®
    $170/sqft
    $-- HOA

    What's special

    Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1,548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2,350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1,548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2,200/month, excluding utilities. The third-floor unit includes 1,004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2,150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.
    29 days
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    940
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    61
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