Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.
Closed
Listed by:
Savannah Levasseur,
Keller Williams Realty-Metropolitan 603-232-8282
Bought with: Keller Williams Realty-Metropolitan
$700,000
470 Spruce Street, Manchester, NH 03103
9beds
3baths
3,312sqft
Multi Family
Built in 1910
-- sqft lot
$739,600 Zestimate®
$211/sqft
$2,410 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 14, 2025 at 06:36pm
Listed by:
Savannah Levasseur,
Keller Williams Realty-Metropolitan 603-232-8282
Bought with:
Stephen C Jenkins Jr.
Keller Williams Realty-Metropolitan
Source: PrimeMLS,MLS#: 4999294
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Heating
- Natural Gas, Steam
Cooling
- None
Features
- Flooring: Carpet, Hardwood, Laminate
- Basement: Bulkhead,Concrete Floor,Interior Stairs,Unfinished,Interior Access,Exterior Entry,Basement Stairs,Interior Entry
Interior area
- Total structure area: 4,416
- Total interior livable area: 3,312 sqft
- Finished area above ground: 3,312
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Paved, Detached, Assigned, Driveway, Garage, Leased, Off Street, Parking Spaces 6+
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: 3
Lot
- Size: 5,663 sqft
- Features: City Lot, Curbing, Landscaped, Sidewalks
Details
- Parcel number: MNCHM0405B000L0035
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Fiberglss Blwn Insulation, Wood Frame, Asbestos Exterior
- Foundation: Granite
- Roof: Flat,Membrane,Rolled/Hot Mop
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Included, Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Manchester
Other
Other facts
- Road surface type: Paved
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$739,600
2% more+$14,792
With Zillow Showcase(estimated)$754,392