Duplex with Finished
For Sale
$537,500
1069 Hayward Street, Manchester, NH 03103
Two residential units offer three bedrooms, laundry hookups, varied flooring, and screened porches.
Property Size3,276 SF
Price / SF$164.07
Days on Market152
Property Features for 1069 Hayward Street
General Information
Standard status
Active
Size
3,276 SF
Property subtype
Multi Family
Zoning
Residential
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,102
Amenities
ceiling fans
laundry hook-ups
screen porches
attic storage
finished basement
shed
Curbside, Municipal
Attic Fan
Oil, Baseboard, Boiler
Yes
Hardwood, Laminate, Tile, Vinyl
Domestic Water Heater, Owned Water Heater
3
2
1
Interior
Concrete, Finished, Interior Access, Storage Space, Walkout
10
Shingle
Blue
Cedar Exterior, Shingle Siding
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Century 21 Dumont and Assoc.
(603) 668-5100
Listed By:
Darleen Wilkins
(603) 668-5100
Source:
Compass
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 6:03AM
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 Century 21 Dumont and Assoc.
Investment Insights
Based on property information with market context.
This Residential-zoned duplex contains 3,276 SF and was built in 1966. Each apartment provides three bedrooms, a mix of hardwood, laminate, tile, and vinyl flooring, laundry hookups, ceiling fans, and a screened porch. The second-floor unit includes pull-down attic access, plywood storage, and an attic fan. A finished basement adds a recreation room, dining area, office, bathroom, interior access, and walkout access.
The property includes owned water heaters, oil-fired baseboard heat, separate electric service, and appliances, excluding the second-floor stackable unit. On-site parking and an exterior storage shed are also provided. The first floor is owner-occupied, while the second floor is leased through 8/1/26. Located in southeast Manchester near schools, shopping, and a hospital, the property is zoned Residential and received a new COC in March 2026.
The property includes owned water heaters, oil-fired baseboard heat, separate electric service, and appliances, excluding the second-floor stackable unit. On-site parking and an exterior storage shed are also provided. The first floor is owner-occupied, while the second floor is leased through 8/1/26. Located in southeast Manchester near schools, shopping, and a hospital, the property is zoned Residential and received a new COC in March 2026.
Key Highlights
- Duplex with 3,276 SF on a Residential‑zoned parcel
- Two 3‑bedroom units with screened porches and laundry hookups
- Finished basement includes recreation room, dining area, office, bathroom, and walkout access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,208
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$884,160
$884.2K
Cap Rate 7%
$631,543
$631.5K
Cap Rate 9%
$491,200
$491.2K
Market Conditions
NOI Build-Up for 3,276 SF
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.
Gross rent
$66.8K $20.40/SF
− Vacancy
−$3.7K −$1.12/SF
EGI
$63.2K $19.28/SF
− OpEx
−$18.9K −$5.78/SF
NOI
$44.2K $13.49/SF
Area
Manchester, NH
Vacancy
5.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$884,160
Cap Rate 7%
$631,543
Cap Rate 9%
$491,200
Alternative Uses
Best Use
Multifamily LT 5
$631.5K
$552.6K – $736.8K
NOI $44,208 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$588.1K
$514.6K – $686.1K
NOI $41,168 @ 7.0% cap · market cap 7.66%
Theoretical Best
Specialty Retail
$804.5K
$703.9K – $938.6K
NOI $56,314 @ 7.0% cap · market cap 10.48%
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
1,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
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 residential units offer three bedrooms, laundry hookups, varied flooring, and screened porches.
Where is this duplex located?
The property is located at 1069 Hayward Street Manchester, NH.
What is the asking price?
The asking price for this property is $537,500.
What are key features of this property?
This property features: Duplex with 3,276 SF on a Residential‑zoned parcel; Two 3‑bedroom units with screened porches and laundry hookups; Finished basement includes recreation room, dining area, office, bathroom, and walkout access
