15-Unit Rooming House
151 Pearl Street Manchester, NH 03104
151 Pearl Street, Manchester, NH, 03104
$1,100,000
For Sale
$1,100,000
MULTI_FAMILY - Victorian - Manchester, NH
Property Size4,782 SF
Lot Size0.22 Acres
Price / SF$230.03
Days on Market8
Property Features for 151 Pearl Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Rooms
- Basement
- Exterior features
- Double Pane Window(s)
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 4,782 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7778
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 15
- Flooring type
- Vinyl, Hardwood
- Building materials
- Clapboard Exterior
- Roof type
- Shingle
- Architectural style
- Victorian
Listing Agency
Century 21 Dumont and Assoc.
(603) 668-5100
1100 Valley St.., Manchester, NH
Listed by
Richard Dumont
(603) 668-5100
Added: Jul 14 Checked: Jul 21 at 6:06 am
MLS# 5099791
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.
Investment Insights
Based on property information with market context.
This established 15-unit rooming house offers congregate living accommodations with a communal kitchen and four bathrooms. The property includes first-floor laundry and features common hallways that were painted in 2023. Multiple improvements have been completed over recent years, including a new roof in 2018, updated FHW natural gas heat within the last nine years, Thermopane windows within five years, and interior updates such as a new kitchen floor with subfloor in 2021 and appliances including a GE refrigerator and range. The exterior was painted in 2018 as well.
The property is situated on a corner lot with nearby shopping and public transportation. Parking is paved and served by two separate driveways.
Zoned R-3, this residential income property encompasses approximately 4,782 square feet on a 0.22-acre lot.
The property is situated on a corner lot with nearby shopping and public transportation. Parking is paved and served by two separate driveways.
Zoned R-3, this residential income property encompasses approximately 4,782 square feet on a 0.22-acre lot.
Key Highlights
- Established 15‑unit rooming house with communal kitchen and 4 bathrooms
- New roof installed in 2018; exterior painted in 2018
- FHW natural gas heat updated within the last 9 years
Local 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 | $114.8k | $24.00 |
| − Vacancy | −$5.5k | −$1.15 |
| EGI | $109.3k | $22.85 |
| − OpEx | −$49.2k | −$10.28 |
| NOI | $60.1k | $12.57 |
4,782 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$858.5K
$751.2K – $1.00M
NOI $60,093 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,203 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 15-unit rooming house with communal kitchen, four bathrooms, and paved parking with two driveways.
Where is this apartment building located?
The property is located at 151 Pearl Street Manchester, NH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Established 15‑unit rooming house with communal kitchen and 4 bathrooms; New roof installed in 2018; exterior painted in 2018; FHW natural gas heat updated within the last 9 years
