383 Manchester Street, Manchester, NH 03103
NH-Hillsborough County
Key Facts
Description
Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. The interiors are serviceable and easy to maintain, suited for consistent tenant demand. Each unit is separately metered, with tenants responsible for natural gas (heat) and electricity (hot water, lights, and plugs), helping to keep operating expenses low, while the landlord covers water and sewer. The property offers off-street parking for 3 vehicles via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Apartment Building
Year Built
1898
Stories
2
Living Area
2,580 sq ft
Lot Size
0.07 acres
Zoning
MX-2
Days on Market
14
MLS® Listing#
5082086
Property Features
Cooling
Heating
Basement
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$5,878
Tax year 2025
Affordability Calculator
$130,000
Estimated monthly payment
$3,460/mo
Principal $520,000 · Est. interest $725,446 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Manchester, NH
- $512,069
- Median Listing Price
- 64
- Median Days on Market
- 1,800
- Median Sq Ft
- $276
- Median Price / Sq Ft
- 248
- Active Listings
- This home’s price is 27% above the area median.
- Its price per sq ft is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Manchester, NH.
Location
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Points of Interest in Manchester, NH
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 426 Manchester Street, Manchester, NH | $499,900 | 7 | 3 | 1,750 |
| 426 Manchester Street, Manchester, NH | $499,900 | 7 | 3 | 1,750 |
| 266 Douglas Street, Manchester, NH | $544,000 | 6 | 3 | 2,524 |
| 270 Harrison Street, Manchester, NH | $579,900 | 5 | 2 | 2,610 |
| 285 E. High Street, Manchester, NH | $599,000 | 7 | 3 | 3,183 |
| 266 Douglas Street, Manchester, NH | $599,000 | 6 | 3 | 2,524 |
