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Three-Bedroom Income Property
For Sale
$690,000

217 Spruce St, Manchester, NH 03103

All units are 3 bed/1 bath with separate utilities and off-street parking for residents and visitors.

Days on Market52

Property Features for 217 Spruce St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1900
Listing Agency: RE/MAX Synergy LLC
Listed By: Majlinda Shishko · License #76562
Source: Elliman
Added: Jun 10 Changed: Jul 10 Last Checked: Jul 30 at 7:59AM

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 RE/MAX Synergy LLC

Investment Insights

Based on property information with market context.

This multi-family property consists of units each featuring three bedrooms and one full bathroom, with spacious rooms and functional layouts. The building includes 8 off-street parking spaces, supporting resident and visitor parking needs. Separate utilities are in place for added convenience and to help simplify day-to-day property management and maintenance. All units are currently rented.

The property is conveniently situated near shopping, restaurants, schools, and public transportation. It also provides access to major commuter routes, with a walkability rating of 83 and a bike score of 62 indicating it is well-suited for daily errands and local trips.

The unit configuration supports multiple operating approaches for buyers and owner-occupants, including occupying one unit while receiving rental income from the others, or maintaining the property as a fully leased investment. With separate living spaces, functional layouts, and on-site parking, the property is positioned to appeal to tenants seeking straightforward, practical accommodations in a location with everyday amenities nearby.

Key Highlights

  • Multi‑family building with YearBuilt 1900
  • Each unit offers 3 bedrooms and 1 full bathroom
  • All units are currently rented

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Wine and Liquor Store Butcher Carpet & Flooring Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,584
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - All units are 3 bed/1 bath with separate utilities and off-street parking for residents and visitors.
Where is this multifamily property located?
The property is located at 217 Spruce St Manchester, NH.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Multi‑family building with YearBuilt 1900; Each unit offers 3 bedrooms and 1 full bathroom; All units are currently rented
More about this property
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