Spacious Multi-Family Investment
For Sale
$685,000
10 Malvern Street, Manchester, NH 03104
Three-unit property near downtown Manchester with income potential.
Property Size3,760 SF
Days on Market243
Property Features for 10 Malvern Street
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Corey Square
Amenities
Cable Ready
Natural Gas
Electric
Forced Air
Hot Water
Cable Available, Shingle
Building Details
Building Size
3,760 SF
Year Built
1900
Listing Agency:
MC440 LLC dba Keller Williams Gateway Realty
Listed By:
John Porter · License #069104
(603) 732-2442
Source:
Kw
Added: Feb 22
Changed: Oct 21
Last Checked: Oct 23 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MC440 LLC dba Keller Williams Gateway Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family property presents an investment opportunity with a versatile unit mix. It features a large six-bedroom unit, a two-bedroom apartment, and a one-bedroom apartment. The property offers potential for solid cash flow. Conveniently located near downtown Manchester, it provides access to shopping, restaurants, highways, public transportation, and local employers. The location is attractive for renters. The property has off-street parking. The property is located in a commuter-friendly location. The walk score is 98, indicating it is a walker's paradise. The bike score is 54, indicating it is bikeable.
Key Highlights
- Excellent investment opportunity with strong income potential from three units.
- Versatile unit mix: 6‑bedroom, 2‑bedroom, and 1‑bedroom apartments.
- Prime location near downtown Manchester with easy access to amenities, highways, and public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,250
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,000
$945.0K
Cap Rate 7%
$675,000
$675.0K
Cap Rate 9%
$525,000
$525.0K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$90.2K $24.00/SF
− Vacancy
−$4.3K −$1.15/SF
EGI
$85.9K $22.85/SF
− OpEx
−$38.7K −$10.28/SF
NOI
$47.2K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,000
Cap Rate 7%
$675,000
Cap Rate 9%
$525,000
Alternative Uses
Best Use
Apartment 5plus
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$923.3K
$807.9K – $1.08M
NOI $64,634 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,408
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-unit property near downtown Manchester with income potential.
Where is this apartment building located?
The property is located at 10 Malvern Street Manchester, NH.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Excellent investment opportunity with strong income potential from three units.; Versatile unit mix: 6‑bedroom, 2‑bedroom, and 1‑bedroom apartments.; Prime location near downtown Manchester with easy access to amenities, highways, and public transportation.
