Multi-Family for Sale: 187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104

20 full baths
12,271 sqft
$3,049,900
$3,049,900
187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104
20 full baths
12,271 sqft
$3,049,900
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Price:
$3,049,900
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Type Multi-Family
Style Apartment Building, w/Addition, Other, Multi-Family, Detached
Total Baths 20 full baths
Square Feet 12,271 sqft
Lot Size 0.40 acres
Year Built 1920
Taxes Paid $27,755
City Manchester
County Hillsborough
MLS 5022060
Status Active
DOM 5 days
An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $25,860, totaling a gross annual income of $311,520. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,210. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9800. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7600. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.

Lot & Building Features

Utilities Gas - On-Site
Construction Vinyl Siding, Wood Frame
Cooling None
Heat Source Gas - LP/Bottle, Oil, Gas - Natural
Heating Hot Air, Space Heater, Hot Water
Sewer Public
Tax Year 2024
Taxes Paid $27,755
Water Public
Basement Description Bulkhead, Unfinished, Storage Space, Storage - Locked, Storage - Assigned, Stairs - Interior, Stairs - Exterior, Stairs - Basement, Other, Interior Access, Insulated, Full, Exterior Access, Dirt Floor, Dirt, Concrete Floor, Concrete
Foundation Concrete, Poured Concrete
Lot Description Level
Roof Shingle - Asphalt
Garage Yes

Price History of 187,355-357,489 Merrimack, & Pine Street, Manchester, NH

Date Name Price Difference
11/13/2024 Listing Price $3,049,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 187,355-357,489 Merrimack, & Pine Street, Manchester, NH

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Photo of Tia Gilbert
Direct: 781-475-6988
Office
10 Chestnut Drive.
Bedford, NH 03110
Listed by The Aland Realty Group, Mike Giannone
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0.9100377061543%
6.75%
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187,355-357,489 Merrimack, & Pine Street (MLS #5022060) is a multi-family listing located in Manchester, NH. This multi-family listing is 12,271 sqft and on a lot of 17,424 sqft (or 0.40 acres) and is 104 years old. This property was listed on 11/13/2024 and has been priced for sale at $3,049,900.

Nearby zip codes are 03103 3407, 03103 4116, 03103 4327, 03103 and 03109. This property neighbors other cities such as Auburn, Bedford, Goffstown, Hooksett and Londonderry.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: The Aland Realty Group

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/18/2024