Nine-Unit Residential Income
101-107 Putnam Street, Manchester, NH 03102
MULTI_FAMILY - Other - Manchester, NH
Property size:
11,120 SFLot size:
0.36 AcresPrice / SF:
$179/SF- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 3:06 am
Property Features for 101-107 Putnam Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 26
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bedroom 22, Bedroom 1, Bedroom 23, Bathroom 7, Bedroom 12, Bathroom 8, Bedroom 4, Bedroom 6, Bedroom 26, Bedroom 8, Bedroom 5, Bedroom 14, Bedroom 2, Bedroom 11, Bedroom 25, Bathroom 6, Bedroom 19, Basement, Bedroom 15, Bedroom 16, Bedroom 17, Bedroom 3, Bedroom 7, Bedroom 10, Bathroom 5, Bedroom 21, Bathroom 3, Bedroom 9, Bedroom 18, Bathroom 4, Bathroom 1, Bedroom 20, Bedroom 13, Bedroom 24
- Patio and Porch features
- Porch
- Exterior features
- Porch, Storage
- Appliances
- Electric Water Heater
- Standard status
- Active
- Size
- 11,120 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20818
Utilities
- Utilities
- Cable Available
- Heating system
- Other (Heating), Space Heater, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 9
- Flooring type
- Hardwood, Vinyl, Carpet, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Tar/Gravel, Flat
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Majlinda Shishko License #76562 (603) 647-8000
Listing office RE/MAX Synergy One Constitution Drive, Goffstown, NH (603) 472-3900
Listing date Apr 29, 2026
MLS# 5085984
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
- 9‑unit residential building with 3 units of 4BR/1BA and 6 units of 3BR/1BA
- Each unit includes washer and dryer hookups
- Built in 1890 with wood‑frame construction and vinyl siding
- Heating includes natural gas with space heater options; electric water heater
- Hardwood, vinyl, carpet, and laminate flooring throughout
- Flat tar/gravel roof with porch and storage
Overview
This residential income building contains nine units, arranged as three 4-bedroom/1-bathroom apartments and six 3-bedroom/1-bathroom apartments. The layouts are designed for everyday livability, and the property description notes good natural light across the unit mix. Each unit includes washer and dryer hookups, offering an added convenience for tenants. The site totals 0.36 acres, and the building size is listed as 11,120 square feet.
The property is located at 101-107 Putnam Street in Manchester, New Hampshire (03102), within R2 zoning. As a small, all-residential asset, it is structured around multi-tenant living rather than retail or mixed-use operations, which can simplify tenant turnover and property management for an owner looking for a straightforward residential portfolio component.
The unit configuration—mixing larger 4-bedroom homes with more common 3-bedroom layouts—may appeal to a range of renter households seeking more space without changing the building’s overall residential character. With washer/dryer hookups included for every unit, the property supports a practical, tenant-friendly setup. Overall, this is a well-defined nine-unit multifamily offering for investors or operators focused on managing residential income with a consistent apartment framework.
The property is located at 101-107 Putnam Street in Manchester, New Hampshire (03102), within R2 zoning. As a small, all-residential asset, it is structured around multi-tenant living rather than retail or mixed-use operations, which can simplify tenant turnover and property management for an owner looking for a straightforward residential portfolio component.
The unit configuration—mixing larger 4-bedroom homes with more common 3-bedroom layouts—may appeal to a range of renter households seeking more space without changing the building’s overall residential character. With washer/dryer hookups included for every unit, the property supports a practical, tenant-friendly setup. Overall, this is a well-defined nine-unit multifamily offering for investors or operators focused on managing residential income with a consistent apartment framework.
Local 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 | $266.9k | $24.00 |
| − Vacancy | −$12.8k | −$1.15 |
| EGI | $254.1k | $22.85 |
| − OpEx | −$114.3k | −$10.28 |
| NOI | $139.7k | $12.57 |
11,120 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.00M
$1.75M – $2.33M
NOI $139,738 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,153 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4772085
- Latitude
- 42.9904238
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property with 3-, and 4-bedroom layouts and washer/dryer hookups in each unit.
Where is this apartment building located?
The property is located at 101-107 Putnam Street Manchester, NH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 9‑unit residential building with 3 units of 4BR/1BA and 6 units of 3BR/1BA; Each unit includes washer and dryer hookups; Built in 1890 with wood‑frame construction and vinyl siding
