Two-Family Residential Income
For Sale
$525,000
644 Pine Street, Manchester, NH 03104
MULTI_FAMILY - Manchester, NH
Property Size2,136 SF
Lot Size0.09 Acres
Price / SF$245.79
Days on Market24
Property Features for 644 Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4
Parking
6
Directions
Use GPS.
Standard status
Active
APN
340722
Size
2,136 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6185
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Triumph Realty · RE/MAX International
(978) 262-9665
Listed By:
Paul Dunton · License #456001754
(978) 857-0351
Added: Jul 8
Changed: Jul 30
Last Checked: Jul 31 at 3:06AM
MLS# 73546681
Copyright © 2026 MLS Property Information Network Inc. 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 two-family residential income property offers two separate units with their own laundry. The first-floor unit is currently occupied, while the second-floor unit is vacant, providing flexibility for an owner-occupant setup or the ability to lease the second unit upon takeover. The layout includes a shared front entrance with separate back entrances for each unit.
The property includes parking for both units. Systems are separated, with individual heating, hot water, and electrical services for each unit.
Overall, it presents as a practical two-family configuration in a small lot setting, suited for buyers seeking a duplex with in-unit laundry and independent utilities.
The property includes parking for both units. Systems are separated, with individual heating, hot water, and electrical services for each unit.
Overall, it presents as a practical two-family configuration in a small lot setting, suited for buyers seeking a duplex with in-unit laundry and independent utilities.
Key Highlights
- Two‑family home built in 1920 with two separate units
- First floor is currently occupied; second‑floor unit is vacant
- Each unit has its own laundry
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 | $43.6k | $20.40 |
| − Vacancy | −$2.4k | −$1.12 |
| EGI | $41.2k | $19.28 |
| − OpEx | −$12.4k | −$5.78 |
| NOI | $28.8k | $13.49 |
2,136 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.8K
$360.3K – $480.4K
NOI $28,824 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$383.5K
$335.5K – $447.4K
NOI $26,842 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$524.5K
$459.0K – $612.0K
NOI $36,718 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
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?
Duplex - Two-unit duplex with separate entrances, on-site laundry in each unit, and separate utilities.
Where is this duplex located?
The property is located at 644 Pine Street Manchester, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with two separate units; First floor is currently occupied; second‑floor unit is vacant; Each unit has its own laundry
