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    151 Pearl St Manchester, NH 03104

    For Sale
    $1,250,000

    Multi-Family - Manchester, NH

    Property size:
    4,782 SF
    Lot size:
    0.22 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 151 Pearl St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Basement
    Parking features
    Paved or Surfaced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    4,782 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    15
    Flooring type
    Hardwood, Vinyl
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    CENTURY 21 Dumont (603) 668-5100 [email protected]

    Listing agent Richard Dumont (603) 668-5100

    Listing date Nov 2, 2025

    MLS# 5068200 Listing URL

    Copyright © 2025 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

    Established 15-Unit Rooming House

    This established 15-unit rooming house has been well-maintained throughout three generations. The property features a new roof installed in 2018, and the forced hot water natural gas heating system has been updated within the last 8 years. Common hallways were painted in 2023, and new Thermopane windows were installed within the last 5 years. A new kitchen floor, including the subfloor, was installed in 2021, along with a new GE refrigerator and range. Several rooms have been updated, and the exterior was painted in 2018. The property includes a communal kitchen, 4 bathrooms, and a first-floor laundry. Paved parking is available with 2 separate driveways. The 2024 tax return showed a gross rent of $127,560, and with current rents, the projected rent could exceed $180,000. Total expenses are $30,000. The property rarely has vacancies and fills an important affordable housing niche in Manchester. The seller had the sewer line and asphalt redone this year. Situated on a corner lot, the property is near shopping and public transportation. The property size is 4782 square feet and the lot size is 0.22 acres. The zoning is R-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4580727
    Latitude
    42.9959238

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 15-unit rooming house in Manchester, NH for sale.
    Where is this apartment building located?
    The property is located at 151 Pearl St Manchester, NH.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - High income potential: 2024 gross rent of $127,560 with potential to exceed $180,000 based on current rents.; - Low vacancy rate in a high-demand affordable housing niche.; - Well-maintained property with significant recent updates including new roof (2018), updated heating system, new windows, new kitchen floor, and exterior paint (2018).
    (603) 668-5100
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    151 Pearl St Manchester, NH 03104
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    Manchester, NH 03104
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    Realmo Value Estimation

    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.

    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.

    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
    151 Pearl St Manchester, NH 03104
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