Six-Unit Residential Income
102 Orange Street Manchester, NH 03104
102 Orange Street, Manchester, NH, 03104
$1,050,000
For Sale
$1,050,000
MULTI_FAMILY - Other - Manchester, NH
Property Size5,178 SF
Lot Size0.12 Acres
Price / SF$202.78
Days on Market263
Property Features for 102 Orange Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res 4-8
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bedroom 10, Bedroom 8, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 7, Basement, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 5, Bedroom 5, Bedroom 9, Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 5,178 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9913
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 6
- Building materials
- Vinyl Siding
- Roof type
- Membrane
- Architectural style
- Other
Listing Agency
Pierre Peloquin Realty
(603) 668-9923
161 North River Rd., Manchester, NH
Listed by
Michael Bunie
(603) 668-9923
Added: Nov 1, 2025 Updated: Jun 23 at 3:12 pm Checked: Jul 21 at 1:06 am
MLS# 5068249
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.
Investment Insights
Based on property information with market context.
This six-unit residential income property is a turn-key, self-managed building that has been handled by the same owner for 21+ years. The units are fully rented and designed for straightforward day-to-day operation, with separate utilities for each unit and one parking space per unit. Exterior improvements include low-maintenance vinyl siding and replacement windows throughout, along with an easy-to-maintain yard. Tenant policies noted in the offering include no dogs and all non-smokers. A valid Certificate of Compliance (COC) is in place through June of 2027.
Located on a nice block in Manchester’s North End, the property sits between a few two-family homes, creating a residential streetscape setting. The building is described as easy to show.
For investors or buyers seeking a manageable multifamily asset, the combination of fully rented units, separate utilities, and ongoing COC validity supports continuity of operations. Recent property upkeep items listed in the offering, including vinyl siding and replacement windows, can help reduce near-term exterior maintenance concerns for the next owner. The setup is also presented as workable for both seasoned and first-time investors given the seller’s self-management history and straightforward tenant configuration.
Located on a nice block in Manchester’s North End, the property sits between a few two-family homes, creating a residential streetscape setting. The building is described as easy to show.
For investors or buyers seeking a manageable multifamily asset, the combination of fully rented units, separate utilities, and ongoing COC validity supports continuity of operations. Recent property upkeep items listed in the offering, including vinyl siding and replacement windows, can help reduce near-term exterior maintenance concerns for the next owner. The setup is also presented as workable for both seasoned and first-time investors given the seller’s self-management history and straightforward tenant configuration.
Key Highlights
- 6‑unit multi‑family in Manchester’s North End with all units fully rented
- Separate utilities for each of the 6 units and 1 parking space per unit
- Vinyl siding and replacement windows throughout; easy‑to‑maintain yard
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 | $124.3k | $24.00 |
| − Vacancy | −$6.0k | −$1.15 |
| EGI | $118.3k | $22.85 |
| − OpEx | −$53.2k | −$10.28 |
| NOI | $65.1k | $12.57 |
5,178 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$929.6K
$813.4K – $1.08M
NOI $65,069 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $89,010 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six fully rented units with separate utilities and one parking space per unit, backed by valid COC through June 2027.
Where is this apartment building located?
The property is located at 102 Orange Street Manchester, NH.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 6‑unit multi‑family in Manchester’s North End with all units fully rented; Separate utilities for each of the 6 units and 1 parking space per unit; Vinyl siding and replacement windows throughout; easy‑to‑maintain yard
