Nine-Unit Multifamily
For Sale
$1,899,900
101-107 Putnam Street, Manchester, NH 03102
MULTI_FAMILY - Other - Manchester, NH
Property Size11,120 SF
Lot Size0.36 Acres
Price / SF$170.85
Days on Market94
Property Features for 101-107 Putnam Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
26
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bedroom 26, Bedroom 16, Bedroom 5, Bathroom 4, Bedroom 20, Bedroom 15, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 25, Bedroom 10, Bedroom 21, Bedroom 23, Bedroom 6, Bathroom 6, Bedroom 9, Bedroom 22, Bathroom 3, Bathroom 8, Bedroom 17, Bedroom 7, Bedroom 13, Basement, Bathroom 7, Bedroom 11, Bedroom 18, Bedroom 14, Bedroom 8, Bathroom 2, Bedroom 12, Bedroom 1, Bathroom 5, Bedroom 19, Bedroom 24
Patio and Porch features
Porch
Exterior features
Porch, Storage
Appliances
Electric Water Heater
Lot features
City Lot
Elementary school
Gossler Park Elementary School
Middle school
Parkside Middle School
High school
Manchester West High School
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Directions
From Main Street turn into Putnam Street and the building is located on the right side.
Standard status
Active
Size
11,120 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20818
Utilities
Utilities
Cable Available
Heating system
Space Heater, Natural Gas, Other (Heating)
Water source
Public
Building Details
Year built
1890
Floors in Building
3
Number of units
9
Flooring type
Carpet, Laminate, Hardwood, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Flat, Tar/Gravel
Architectural style
Other
Additional Structures
Storage
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Majlinda Shishko · License #76562
(603) 647-8000
Added: Apr 29
Changed: Jul 28
Last Checked: Jul 31 at 11:06AM
MLS# 5085984
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This nine-unit residential building offers a practical mix of layouts, consisting of three 4-bedroom/1-bath units and six 3-bedroom/1-bath units. The unit configurations are designed to provide natural light, and each unit includes washer and dryer hookups.
The property is located at 101-107 Putnam Street in Manchester, New Hampshire. It is situated on a 0.36-acre lot and is identified with R2 zoning.
The building is being offered for sale, and it is currently back on market due to a previous buyer being unable to secure financing.
The property is located at 101-107 Putnam Street in Manchester, New Hampshire. It is situated on a 0.36-acre lot and is identified with R2 zoning.
The building is being offered for sale, and it is currently back on market due to a previous buyer being unable to secure financing.
Key Highlights
- 9‑unit residential building with a mix of layouts: three 4‑bedroom/1‑bath units and six 3‑bedroom/1‑bath units
- Each unit includes washer and dryer hookups
- Year built: 1890
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $266.9k | $24.00 |
| − Vacancy | −$12.8k | −$1.15 |
| EGI | $254.1k | $22.85 |
| − OpEx | −$114.3k | −$10.28 |
| NOI | $139.7k | $12.57 |
11,120 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.00M
$1.75M – $2.33M
NOI $139,738 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,153 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine residential units include three 4-bedroom layouts and six 3-bedroom layouts with washer and dryer hookups.
Where is this apartment building located?
The property is located at 101-107 Putnam Street Manchester, NH.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: 9‑unit residential building with a mix of layouts: three 4‑bedroom/1‑bath units and six 3‑bedroom/1‑bath units; Each unit includes washer and dryer hookups; Year built: 1890
