Four-Unit Residential Income
806 Union Street, Manchester, NH 03104
New
MULTI_FAMILY - Other - Manchester, NH
Property size:
4,726 SFLot size:
0.12 AcresPrice / SF:
$153/SF- Added:
- Jun 27, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 806 Union Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MDL-03
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 8, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 4
- Patio and Porch features
- Porch
- Exterior features
- Partial Fence, Covered Porch
- Fencing
- Partial
- Standard status
- Active
- Size
- 4,726 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10375
Utilities
- Utilities
- Cable Available
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood, Tile, Vinyl, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Slate
- Architectural style
- Other
Listing agent Ron Butler (617) 293-5235
Listing office Century 21 North East 2 Manor Parkway Unit #6, Danvers, NH (603) 893-8230
Listing date Jun 27, 2026
MLS# 5097096
Listing URL
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.
HighLights
- 4‑unit multi‑family with 4,726 SF and a unit mix of one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit
- Annual rental income of approximately $71,400, with the 1‑bedroom unit vacant as of July 1st
- Three units heated by a central boiler system; one unit has separate heat and hot water paid by the tenant
- Vinyl siding and wood‑frame construction with roof featuring newer architectural shingles plus portions of slate
- Corner lot with rear alley access and four off‑street parking spaces
- Exterior includes a covered porch and partial fencing; utilities include cable available
Overview
This four-unit residential income property totals 4,726 square feet and offers a unit mix of one 1-bedroom, two 2-bedroom, and one 3-bedroom home. The 1-bedroom unit has separate utilities and is scheduled to be vacant as of July 1. Kitchens and baths are described as in good functional condition with older cabinetry and countertops. The exterior features vinyl siding and a newer architectural shingle roof with portions of slate roofing. Heating is provided by a central boiler system for three units, while one unit has separate heat and hot water that are paid by the tenant. The property also includes four off-street parking spaces and is situated on a corner lot with rear alley access.
The asset is located in Manchester’s North End and is described as being just minutes from downtown, schools, hospitals, shopping, restaurants, Currier Museum, and major commuter routes.
The property includes deferred maintenance, including porch repairs and future heating system improvements. There is additional finished area on the second floor that is currently unheated, with a spiral staircase connecting to the unit below, which may allow for expansion possibilities depending on how the space is prepared.
The asset is located in Manchester’s North End and is described as being just minutes from downtown, schools, hospitals, shopping, restaurants, Currier Museum, and major commuter routes.
The property includes deferred maintenance, including porch repairs and future heating system improvements. There is additional finished area on the second floor that is currently unheated, with a spiral staircase connecting to the unit below, which may allow for expansion possibilities depending on how the space is prepared.
Local 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 | $96.4k | $20.40 |
| − Vacancy | −$5.3k | −$1.12 |
| EGI | $91.1k | $19.28 |
| − OpEx | −$27.3k | −$5.78 |
| NOI | $63.8k | $13.49 |
4,726 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$911.1K
$797.2K – $1.06M
NOI $63,775 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$848.4K
$742.4K – $989.8K
NOI $59,389 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,240 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.459453
- Latitude
- 43.003095
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit quadplex with central boiler, newer roof components, and rear alley access on a corner lot.
Where is this quadplex located?
The property is located at 806 Union Street Manchester, NH.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: 4‑unit multi‑family with 4,726 SF and a unit mix of one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit; Annual rental income of approximately $71,400, with the 1‑bedroom unit vacant as of July 1st; Three units heated by a central boiler system; one unit has separate heat and hot water paid by the tenant
