4-Unit Multifamily Investment
575 Summer Street Manchester, NH 03103
For Sale
$825,000
MULTI_FAMILY - Other - Manchester, NH
Property Size4,320 SF
Lot Size0.12 Acres
Price / SF$190.97
Days on Market48
Property Features for 575 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential Multi Family
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 3, Basement
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9537
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Wood Frame
- Roof type
- Flat
- Architectural style
- Other
Listing Agency:
Realty One Group Next Level
(603) 262-3500
Listed By:
Nikki Kalantzis
(603) 389-6604
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 25 at 6:06PM
MLS# 5093367
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 is a well-maintained four-unit multifamily property totaling approximately 4,320 square feet of rentable living space. The unit mix includes two 3-bedroom units and two 1-bedroom units. Utilities are separately metered, and tenants are responsible for their own utility expenses. The property is serviced by natural gas and includes off-street parking. Washer and dryer hookups are provided in both 3-bedroom units, along with additional laundry hookups in the basement.
The property is located in Manchester, NH, and is zoned for residential multi-family use. With its straightforward four-unit configuration and existing tenant arrangements, the building offers an income-oriented setup designed for separated utility responsibility and day-to-day tenant convenience.
For buyers or operators seeking a small residential income asset, the mix of unit sizes supports flexible leasing and tenant fit, including larger households in the 3-bedroom units and smaller households in the 1-bedroom units. Three of the four units are currently occupied on month-to-month leases, which may allow for more responsive leasing planning. The property’s separate utilities and established laundry setups can also help reduce owner overhead while maintaining a practical tenant experience.
The property is located in Manchester, NH, and is zoned for residential multi-family use. With its straightforward four-unit configuration and existing tenant arrangements, the building offers an income-oriented setup designed for separated utility responsibility and day-to-day tenant convenience.
For buyers or operators seeking a small residential income asset, the mix of unit sizes supports flexible leasing and tenant fit, including larger households in the 3-bedroom units and smaller households in the 1-bedroom units. Three of the four units are currently occupied on month-to-month leases, which may allow for more responsive leasing planning. The property’s separate utilities and established laundry setups can also help reduce owner overhead while maintaining a practical tenant experience.
Key Highlights
- 4‑unit multifamily with over 4,300 SF of rentable living space
- Unit mix: two 3‑bedroom units and two 1‑bedroom units
- Utilities are separately metered—tenants pay their own utility expenses
Financial Insights For Multifamily LT 5
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 | $88.1k | $20.40 |
| − Vacancy | −$4.8k | −$1.12 |
| EGI | $83.3k | $19.28 |
| − OpEx | −$25.0k | −$5.78 |
| NOI | $58.3k | $13.49 |
4,320 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$832.8K
$728.7K – $971.6K
NOI $58,297 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$775.5K
$678.6K – $904.8K
NOI $54,287 @ 7.0% cap · market cap 6.58%
Theoretical Best
Specialty Retail
$1.06M
$928.3K – $1.24M
NOI $74,261 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with separate utilities and off-street parking, featuring a mix of 3- and 1-bedroom units.
Where is this quadplex located?
The property is located at 575 Summer Street Manchester, NH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 4‑unit multifamily with over 4,300 SF of rentable living space; Unit mix: two 3‑bedroom units and two 1‑bedroom units; Utilities are separately metered—tenants pay their own utility expenses
