Five-Unit Apartment
For Sale
$869,999
272 Front Street, Manchester, NH 03102
Commercially zoned property with a varied unit mix, updated interiors, porches, laundry, and off-street parking.
Property Size4,400 SF
Price / SF$197.73
Days on Market16
Property Features for 272 Front Street
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Multi-Family
Zoning
Commercial
Building Details
Year Built
1890
Stories
3
Listing Agency:
Diamond Key Real Estate
(603) 382-7979
Listed By:
Dan Orlando
(978) 994-6398
Source:
Churchillprop
Added: Sep 21
Changed: Oct 6
Last Checked: Oct 5 at 5:10PM
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 Diamond Key Real Estate
Investment Insights
Based on property information with market context.
Built in 1890, this 4,400-square-foot apartment property contains five units: two one-bedroom apartments, two two-bedroom apartments, and one three-bedroom apartment. The building includes two levels of porches, a center entry, wide hallways, a grand staircase, hardwood floors, and distinct floor plans. Three apartments feature updated granite and butcher block countertops. A coin-operated laundry area is located on the first floor, and the property provides approximately 7–10 off-street parking spaces. Two units are currently operated as short-term rentals.
The property is located at 272 Front Street in Manchester, with access to I-293 and I-93. Downtown Manchester, shopping, dining, entertainment, and the Merrimack River are nearby. Commercial zoning and the existing five-unit configuration support a range of residential income property strategies, subject to applicable requirements.
The property is located at 272 Front Street in Manchester, with access to I-293 and I-93. Downtown Manchester, shopping, dining, entertainment, and the Merrimack River are nearby. Commercial zoning and the existing five-unit configuration support a range of residential income property strategies, subject to applicable requirements.
Key Highlights
- Five apartments with a mix of two 1‑bedroom, two 2‑bedroom, and one 3‑bedroom units
- 4,400 SF building constructed in 1890
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,292
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,840
$1.1M
Cap Rate 7%
$789,886
$789.9K
Cap Rate 9%
$614,356
$614.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$105.6K $24.00/SF
− Vacancy
−$5.1K −$1.15/SF
EGI
$100.5K $22.85/SF
− OpEx
−$45.2K −$10.28/SF
NOI
$55.3K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,840
Cap Rate 7%
$789,886
Cap Rate 9%
$614,356
Alternative Uses
Best Use
Apartment 5plus
$789.9K
$691.2K – $921.5K
NOI $55,292 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$945.5K – $1.26M
NOI $75,636 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Commercially zoned property with a varied unit mix, updated interiors, porches, laundry, and off-street parking.
Where is this apartment building located?
The property is located at 272 Front Street Manchester, NH.
What is the asking price?
The asking price for this property is $869,999.
What are key features of this property?
This property features: Five apartments with a mix of two 1‑bedroom, two 2‑bedroom, and one 3‑bedroom units; 4,400 SF building constructed in 1890; Commercial zoning
