Renovated Three-Unit
New
For Sale
$665,000
1601 Front Street, Manchester, NH 03102
Multi-Family, Manchester, NH
Property Size2,483 SF
Lot Size0.36 Acres
Price / SF$267.82
Days on Market2
Property Features for 1601 Front Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
multi
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 6, Basement, Bathroom 2, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 4
Patio and Porch features
Deck
Exterior features
Deck, Garden Space
Lot features
Major Road Frontage, Sloping, Wetlands, Abuts Golf Course, Near Country Club, Near Golf Course
Standard status
Active
Size
2,483 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6367
Utilities
Heating system
Electric (Heating), Baseboard, Natural Gas, Forced Air, Floor Furnace
Water source
Public
Amenities
large paved parking area
fenced yard
Building Details
Year built
1800
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
LAER Realty Partners/Goffstown
(603) 685-4495
Listed By:
David Ford
(978) 957-1700
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 5:06AM
MLS# 5112975
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 2,483-square-foot triplex contains three apartments: one with three bedrooms and two with two bedrooms each. Two units have been renovated and include updated kitchens with shaker-style cabinets and vinyl plank flooring. The third two-bedroom apartment has long-term tenants. The building has vinyl siding and dates to 1800.
The property occupies a landscaped 0.36-acre lot with a fenced yard, garden space, deck and paved parking area. Views extend toward Intervale Country Club. Routes 293 and 93 are accessible, with Walmart and Market Basket nearby.
The property occupies a landscaped 0.36-acre lot with a fenced yard, garden space, deck and paved parking area. Views extend toward Intervale Country Club. Routes 293 and 93 are accessible, with Walmart and Market Basket nearby.
Key Highlights
- Three apartments: one 3‑bedroom unit and two 2‑bedroom units
- 2,483‑square‑foot building on a 0.36‑acre lot
- Two renovated units have updated kitchens with shaker‑style cabinets and vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,507
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,140
$670.1K
Cap Rate 7%
$478,671
$478.7K
Cap Rate 9%
$372,300
$372.3K
Market Conditions
NOI Build-Up for 2,483 SF
Gross rent
$50.7K $20.40/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$47.9K $19.28/SF
− OpEx
−$14.4K −$5.78/SF
NOI
$33.5K $13.49/SF
Area
Manchester, NH
Vacancy
5.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,140
Cap Rate 7%
$478,671
Cap Rate 9%
$372,300
Alternative Uses
Best Use
Multifamily LT 5
$478.7K
$418.8K – $558.5K
NOI $33,507 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,202 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$609.8K
$533.5K – $711.4K
NOI $42,683 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
55
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Two apartments feature updated kitchens with shaker-style cabinetry and vinyl plank floors.
Where is this triplex located?
The property is located at 1601 Front Street Manchester, NH.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Three apartments: one 3‑bedroom unit and two 2‑bedroom units; 2,483‑square‑foot building on a 0.36‑acre lot; Two renovated units have updated kitchens with shaker‑style cabinets and vinyl plank flooring
