Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1268 Hanover Street Manchester, NH 03104

    View on Map
    Claim this Listing
    New
    For Sale
    $560,000

    Multi-Family - Manchester, NH

    Property size:
    2,176 SF
    Lot size:
    0.18 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 15 at 6:06 pm

    Property Features for 1268 Hanover Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Paved or Surfaced
    EntryLevel
    Unit 1: 1,Unit 2: 1,Unit 3: 2
    Basement Y/N
    1
    Standard status
    Active
    Size
    2,176 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6657

    Utilities

    Heating system
    Hot Water (Heating), Oil

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    3
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Provencher

    Listing agent Jessica Provencher

    Listing office REAL Broker NH, LLC 170 Commerce Way, Portsmouth, NH

    Listing date Apr 15, 2026

    MLS# 5083721 Listing URL

    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.

    Overview

    Manchester Multi-Family Investment Opportunity

    Located on Hanover Street in Manchester, New Hampshire, this three-unit multi-family property offers an opportunity for owner-occupancy with built-in rental income. Situated in a convenient corridor, the property is located close to Interstate 93, Route 293, shopping, restaurants, and other everyday amenities. Two of the units are tenant-occupied, with potential for rent increases. The 3-bedroom unit is currently owner-occupied and can be moved into or leased immediately. The property includes six off-street parking spaces and on-site laundry. This property is suitable for both first-time investors and experienced landlords looking to expand their portfolio in the Manchester area. The property is 2,176 square feet in size and sits on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4099991
    Latitude
    42.9892311

    Nearby Similar for Sale

    • $740,000
      4,251 SF

      Spacious Three-Family Home in Manchester

      Bright, sunny 3-family home with renovated unit and detached garage.
      11 Congress Street, Manchester, NH 03102
      View Details
    • $660,000
      3,584 SF

      Manchester Multi-Family Investment Opportunity

      Updated three-unit property in Manchester with income potential.
      259 Notre Dame Avenue, Manchester, NH 03102
      View Details
    • $537,500
      3,276 SF

      Manchester Multi-Family Income Property

      Well-maintained two-family property near schools and shopping.
      1069 Hayward Street, Manchester, NH 03103
      View Details
    • $575,000
      2,480 SF

      Manchester NH Multi-Family Duplex

      Spacious duplex with yard, separate utilities, and rental upside.
      312 Mystic Street, Manchester, NH 03103
      View Details
    • $589,500
      1,924 SF

      Charming Two-Family Investment Property

      Well-maintained two-family property in a strong rental market.
      227 Laval Street, Manchester, NH 03102
      View Details
    • $1,800,000

      Historic School Redevelopment Opportunity

      Manchester landmark for redevelopment or adaptive reuse.
      555 Cedar Street, Manchester, NH 03103
      View Details
    • $550,000
      2,710 SF

      Well-Maintained Multi-Family Home

      Two-family home with ample parking and recent improvements.
      374 Bartlett Street, Manchester, NH 03102
      View Details
    • $685,000
      3,760 SF

      Spacious Multi-Family Investment Opportunity

      Three-unit property near downtown Manchester with strong income potential.
      10 Malvern Street, Manchester, NH 03104
      View Details
    • $474,900
      1,603 SF

      Manchester Multifamily Investment Opportunity

      Well-maintained two-unit property with income growth potential in Manchester.
      53 Lafayette Street, Manchester, NH 03102
      View Details
    • $1,495,000
      4,580 SF

      High-Visibility Commercial Property in Manchester

      8,030 SF commercial building with redevelopment potential in Manchester, NH.
      25 S Maple Street, Manchester, NH 03103
      View Details
    • $400,000
      2,179 SF

      Manchester Two-Family Home For Sale

      Two-unit home with garage and barn on .17 acres.
      326 Lake Avenue, Manchester, NH 03103
      View Details
    • $479,500
      2,110 SF

      Two-Family Home: Investment Opportunity

      Charming two-family property with income potential in a prime location.
      358 Auburn Street, Manchester, NH 03103
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property in a convenient location with income potential.
    Where is this triplex located?
    The property is located at 1268 Hanover Street Manchester, NH.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Three‑unit multi‑family property ideal for owner‑occupancy with rental income from two units; Convenient location near Interstate 93, Route 293, shopping, restaurants, and everyday amenities; Six off‑street parking spaces
    (603) 519-3310
    We can help!
    Listing Contact
    Jessica Provencher
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!