Duplex with Separate
New
For Sale
$589,000
108-110 W Elmwood Avenue, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size2,302 SF
Lot Size0.15 Acres
Price / SF$255.86
Days on Market5
Property Features for 108-110 W Elmwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
1040
Rooms
Basement
Lot features
Level
Directions
Brown Ave to L on W Elmwood
Standard status
Active
Size
2,302 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8300
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating)
Water source
Public
Amenities
private driveways
storage shed
full basement storage
private entrances
stove
refrigerator
dishwasher
microwave
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Bonnie Guevin
(603) 232-8282
Added: Nov 2
Last Checked: Nov 6 at 1:06PM
MLS# 5116540
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.
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Investment Insights
Based on property information with market context.
This 2,302-square-foot duplex contains two units, each with a separate entrance, full basement, driveway, and utility service. Both residences include a stove, refrigerator, dishwasher, and microwave. A rear shed provides additional storage. The wood-frame building was constructed in 2005 and has hot-water heat and a shingle roof.
One unit was renovated in 2024 and remains occupied by a tenant whose lease runs through 2027. The other unit has undergone a complete renovation and is vacant. The property occupies a 0.15-acre lot in Manchester, New Hampshire.
One unit was renovated in 2024 and remains occupied by a tenant whose lease runs through 2027. The other unit has undergone a complete renovation and is vacant. The property occupies a 0.15-acre lot in Manchester, New Hampshire.
Key Highlights
- Two‑unit property with 2,302 square feet of building area
- One residence renovated in 2024; tenant lease extends through 2027
- Second unit completely renovated and vacant
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
393
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
$313,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences have private basements, independent utilities, and their own driveways.
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 property with 2,302 square feet of building area; One residence renovated in 2024; tenant lease extends through 2027; Second unit completely renovated and vacant
