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Three-Family Residential Income Property
For Sale
$649,900

190 Ray St, Manchester, NH 03104

Well-maintained three-family with two 2-bedroom units and one 1-bedroom unit, all occupied on month-to-month leases.

Property SizeContact for details
Days on Market43

Property Features for 190 Ray St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1870
Listing Agency: RE/MAX Synergy LLC
Listed By: Mark Lynch
Source: Elliman
Added: Jul 21 Changed: Jul 22 Last Checked: Jul 26 at 10:52AM

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 well-maintained three-family residential income property offers classic Colonial charm and includes two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All three apartments are currently occupied with month-to-month leases. Finished flooring includes hardwood, laminate, and carpet, and the property is served by public water and sewer.

Heating includes natural gas and oil systems, and utilities are set up separately so tenants pay their own heat, hot water, and electricity. The property also offers off-street parking.

Built in 1870, the building provides more than 3,300 square feet of finished living space and is presented with strong current occupancy for income-focused ownership.

Key Highlights

  • Well‑maintained 3‑family built in 1870 with classic Colonial charm
  • Unit mix: two 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit
  • All three apartments are currently occupied with month‑to‑month leases

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Electrical Service Catering Service Home Appliance Store HVAC Service

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

898
Businesses Nearby

Demographics for 03104, NH

34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Well-maintained three-family with two 2-bedroom units and one 1-bedroom unit, all occupied on month-to-month leases.
Where is this triplex located?
The property is located at 190 Ray St Manchester, NH.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Well‑maintained 3‑family built in 1870 with classic Colonial charm; Unit mix: two 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit; All three apartments are currently occupied with month‑to‑month leases
More about this property
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