Discover this exceptional 3-unit property located in the heart of Manchester, NH—one of the state’s most sought-after rental markets. This investment gem is perfectly situated within walking distance to schools for all grades, public transportation, and the vibrant downtown area filled with trendy restaurants and shops. Each unit boasts separate utilities, including efficient natural gas heating, ensuring ease of management and tenant convenience. The property sits on an oversized city lot, providing ample off-street parking—a rare find in this bustling area. The property features 7 garage bays and a large shed, offering potential for extra income or valuable storage space. The shed and 3 garage bays are currently rented and bringing in $745 in monthly income. The upstairs 3-bedroom unit spans over 1,500 sq ft, providing spacious living that’s highly desirable in this market for renters and owner occupants alike. All units are currently rented at below-market rates and tenants are on month-to-month leases, offering significant potential for increased income. The large, accessible basement provides even more storage opportunities for each unit. Whether you’re a seasoned investor or looking to start your real estate portfolio, this property presents a unique blend of location, amenities, and income potential that’s hard to match. Don’t miss out on this lucrative investment in Manchester’s thriving rental market! Showings begin at Open House on Saturday 8/17 from 11-1.
Closed
Listed by:
Brandon Gove,
Coldwell Banker Realty - Portsmouth, NH Off:603-334-1900
Bought with: EXP Realty
$733,000
59-61 Nashua Street, Manchester, NH 03104
6beds
3,254sqft
Multi Family
Built in 1820
-- sqft lot
$763,900 Zestimate®
$225/sqft
$2,945 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 18, 2024 at 02:55pm
Listed by:
Brandon Gove,
Coldwell Banker Realty - Portsmouth, NH Off:603-334-1900
Bought with:
Sara Lucas
EXP Realty
Source: PrimeMLS,MLS#: 5009814
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Hot Water, Monitor Type, Mini Split
Cooling
- Mini Split
Appliances
- Included: Gas Water Heater
Features
- Basement: Bulkhead,Storage Space,Unfinished,Interior Access,Interior Entry
Interior area
- Total structure area: 5,382
- Total interior livable area: 3,254 sqft
- Finished area above ground: 3,254
- Finished area below ground: 0
Property
Parking
- Total spaces: 7
- Parking features: Paved, Driveway, Garage, Off Street, Parking Spaces 5 - 10
- Garage spaces: 7
- Has uncovered spaces: Yes
Features
- Levels: Two
- Patio & porch: Enclosed Porch
- Exterior features: Storage
- Frontage length: Road frontage: 220
Lot
- Size: 0.28 Acres
- Features: City Lot, Corner Lot, Near Shopping, Near Public Transit, Near School(s)
Details
- Additional structures: Outbuilding
- Zoning description: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Timber Frame, Vinyl Siding
- Foundation: Concrete, Block w/ Skim Coating
- Roof: Membrane,Shingle
Condition
- New construction: No
- Year built: 1820
Utilities & green energy
- Electric: 100 Amp Service
- Water: Public Water On-Site
- Utilities for property: Cable at Site, Gas On-Site, Sewer Connected
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 .
$763,900
2% more+$15,278
With Zillow Showcase(estimated)$779,178