Duplex with Separate
108-110 W Elmwood Avenue, Manchester, NH 03103
For Sale
$589,000
Two units have independent utilities, basement storage, and separate entrances.
Property Size2,302 SF
Price / SF$255.86
Days on Market9
Property Features for 108-110 W Elmwood Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
stove
refrigerator
dishwasher
microwave
large shed
full basement
private entrances
driveways
Building Details
Year Built
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Bonnie Guevin
(603) 493-0096
Source:
Aultcommercial
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 5:58AM
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 Keller Williams Realty-Metropolitan
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Investment Insights
Based on property information with market context.
Built in 2005, this 2,302-square-foot duplex contains two units, each with a full basement, a separate entrance, and its own driveway and utility service. Both units include a stove, refrigerator, dishwasher, and microwave. A large rear shed provides additional storage. One unit has been renovated and is vacant; the other was updated in 2024 and is leased through 2027.
Key Highlights
- Two‑unit duplex with 2,302 square feet; built in 2005
- Each unit has its own driveway, utility service, basement, and entrance
- One unit was renovated and is vacant; the other was renovated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,065
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,300
$621.3K
Cap Rate 7%
$443,786
$443.8K
Cap Rate 9%
$345,167
$345.2K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$47.0K $20.40/SF
− Vacancy
−$2.6K −$1.12/SF
EGI
$44.4K $19.28/SF
− OpEx
−$13.3K −$5.78/SF
NOI
$31.1K $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 Rate 5%
$621,300
Cap Rate 7%
$443,786
Cap Rate 9%
$345,167
Alternative Uses
Best Use
Multifamily LT 5
$443.8K
$388.3K – $517.8K
NOI $31,065 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$413.3K
$361.6K – $482.1K
NOI $28,928 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$565.3K
$494.6K – $659.5K
NOI $39,571 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
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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
$313,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Manchester, NH
Properties on Market for Duplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two units have independent utilities, basement storage, and separate entrances.
Where is this duplex located?
The property is located at 108-110 W Elmwood Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,302 square feet; built in 2005; Each unit has its own driveway, utility service, basement, and entrance; One unit was renovated and is vacant; the other was renovated in 2024
