Fully Renovated 6-Unit Apartment
For Sale
$1,399,999
637 Harvard Street, Manchester, NH 03103
MULTI_FAMILY - Other - Manchester, NH
Property Size4,413 SF
Lot Size0.13 Acres
Price / SF$317.24
Days on Market50
Property Features for 637 Harvard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Basement, Bathroom 5, Bedroom 9, Bedroom 7, Bathroom 1, Bedroom 10, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Appliances
Natural Gas Water Heater
Lot features
Sidewalks, Street Lights
Directions
Go east on Valley St from Elm St, take a right on Wilson, left on Harvard, building is on the right across from the old Geness bakery building.
Standard status
Active
Size
4,413 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10378
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Amenities
courtyard
off-street parking
garage with loft
Building Details
Year built
1914
Floors in Building
3
Number of units
6
Building materials
Wood Frame, Vinyl Siding
Roof type
Membrane
Architectural style
Other
Listing Agency:
Anagnost Realty & Development
(603) 669-6194
Listed By:
Matthew Bacon
(603) 669-6194
Added: Jun 17
Changed: Aug 2
Last Checked: Aug 5 at 12:06AM
MLS# 5095199
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.
Fully renovated 6-unit apartment building on a 0.13-acre lot with a courtyard and off-street parking. The property was converted from a 5-unit to a 6-unit configuration with requisite permits and variances completed and inspected, and a plot plan plus certificate of occupancy documentation provided. Construction is wood frame with vinyl siding, and the building includes a natural gas water heater and natural gas heating with baseboard systems. Three new Rinnai direct vent heaters were installed, along with new electrical and new LED lighting, plus life safety upgrades and other interior improvements. The kitchen and bath updates include solid surface counters (mostly quartz) with new fixtures and sinks. A two-car garage with a loft is included, and the garage could still be rented to a third party for additional income.
The property was deep rehabilitated with city sign-off for occupancy in 2023, and all six units were leased up in less than three weeks following that approval. A brand new membrane roof was installed in December 2023, and reported repair activity included two maintenance calls total in 2025.
Current performance is described with a 7.47% cap rate, with all six units leased up at the time of turnover.
The property was deep rehabilitated with city sign-off for occupancy in 2023, and all six units were leased up in less than three weeks following that approval. A brand new membrane roof was installed in December 2023, and reported repair activity included two maintenance calls total in 2025.
Current performance is described with a 7.47% cap rate, with all six units leased up at the time of turnover.
Key Highlights
- R3‑zoned, wood frame apartment building with vinyl siding
- Converted and permitted from a 5‑unit to a 6‑unit configuration
- Fully renovated with insulation, new electrical, and new LED lighting plus life safety upgrades
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 | $105.9k | $24.00 |
| − Vacancy | −$5.1k | −$1.15 |
| EGI | $100.8k | $22.85 |
| − OpEx | −$45.4k | −$10.28 |
| NOI | $55.5k | $12.57 |
4,413 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$792.2K
$693.2K – $924.3K
NOI $55,456 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$948.2K – $1.26M
NOI $75,859 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,550
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 6-unit under R3 zoning with courtyard, off-street parking, and a Dec 2023 new membrane roof.
Where is this apartment building located?
The property is located at 637 Harvard Street Manchester, NH.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: R3‑zoned, wood frame apartment building with vinyl siding; Converted and permitted from a 5‑unit to a 6‑unit configuration; Fully renovated with insulation, new electrical, and new LED lighting plus life safety upgrades
