Triplex with Off-Street
New
For Sale
$620,000
636 Summer Street, Manchester, NH 03103
MULTI_FAMILY - Other - Manchester, NH
Property Size2,664 SF
Lot Size0.12 Acres
Price / SF$232.73
Days on Market2
Property Features for 636 Summer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
3 Fam MDL-01
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Off Street, Assigned
Appliances
Domestic Water Heater
Lot features
Near Shopping, Near Public Transport, Near Hospital, Near School(s)
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Standard status
Active
Size
2,664 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Baseboard, Electric (Heating), Forced Air
Water source
Public
Amenities
fireplace
tin ceilings
ceiling fans
wood floors
breakfast bar
enclosed sunroom
private deck
fully fenced yard
washer/dryer
Building Details
Year built
1901
Floors in Building
2
Number of units
3
Flooring type
Laminate, Wood, Carpet
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Bedford NH · Coldwell Banker Real Estate
(603) 471-0777
Listed By:
Lisa Givens
(603) 848-9559
Added: Aug 11
Last Checked: Aug 12 at 9:06AM
MLS# 5104512
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 2,664-square-foot triplex, built in 1901, includes three residential units within a wood-frame property. Unit 1 has two bedrooms, one bathroom, a family room with fireplace, tin ceilings, and an eat-in kitchen. Unit 2 provides one bedroom, one bathroom, wood flooring, and an oversized eat-in kitchen with breakfast bar. Unit 3 includes one bedroom, one bathroom, an enclosed sunroom, and access to a private second-story deck.
The property sits on 0.12 acres in Manchester, near Elliot Hospital and Sheehan-Basquil Park. Separate utilities serve the units, with tenants paying heat, hot water, and electric while the owner pays water and sewer. Exterior features include a fully fenced yard and dedicated rear parking for five cars. Shared and in-unit washer/dryer options are included, and the property is zoned 3 Fam MDL-01.
The property sits on 0.12 acres in Manchester, near Elliot Hospital and Sheehan-Basquil Park. Separate utilities serve the units, with tenants paying heat, hot water, and electric while the owner pays water and sewer. Exterior features include a fully fenced yard and dedicated rear parking for five cars. Shared and in-unit washer/dryer options are included, and the property is zoned 3 Fam MDL-01.
Key Highlights
- Three‑unit property with 2,664 square feet of building area
- 0.12‑acre lot with a fully fenced yard
- Dedicated rear off‑street parking for 5 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,950
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$719,000
$719.0K
Cap Rate 7%
$513,571
$513.6K
Cap Rate 9%
$399,444
$399.4K
Market Conditions
NOI Build-Up for 2,664 SF
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.
Gross rent
$54.3K $20.40/SF
− Vacancy
−$3.0K −$1.12/SF
EGI
$51.4K $19.28/SF
− OpEx
−$15.4K −$5.78/SF
NOI
$35.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$719,000
Cap Rate 7%
$513,571
Cap Rate 9%
$399,444
Alternative Uses
Best Use
Multifamily LT 5
$513.6K
$449.4K – $599.2K
NOI $35,950 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$478.2K
$418.5K – $558.0K
NOI $33,477 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$654.2K
$572.4K – $763.2K
NOI $45,794 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer separate utilities, varied layouts, and shared or in-unit laundry options.
Where is this triplex located?
The property is located at 636 Summer Street Manchester, NH.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Three‑unit property with 2,664 square feet of building area; 0.12‑acre lot with a fully fenced yard; Dedicated rear off‑street parking for 5 cars
