Duplex with Separate
For Sale
$474,900
137 Frederick Street, Manchester, NH 03102
Multi-Family, Manchester, NH
Property Size2,492 SF
Lot Size0.21 Acres
Price / SF$190.57
Days on Market12
Property Features for 137 Frederick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement
Lot features
Landscaped, Level
Standard status
Active
Size
2,492 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
6908
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
hardwood floors
deck
patio
Building Details
Year built
1888
Floors in Building
3
Number of units
2
Building materials
Timber Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Matthew Keddie
(603) 232-8282
Added: Sep 25
Changed: Sep 28
Last Checked: Oct 6 at 6:06AM
MLS# 5111559
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.
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,492 square feet across two garden-style units. Each residence has separate utilities and its own heating system. Hardwood flooring and architectural details add character, while the timber-frame building has a shingle roof and dates to 1888. Public water serves the property.
The 0.21-acre parcel includes a yard, deck, and patio. Restaurants and schools are nearby in Manchester.
The 0.21-acre parcel includes a yard, deck, and patio. Restaurants and schools are nearby in Manchester.
Key Highlights
- Two garden‑style units in a 2,492‑square‑foot duplex
- Separate utilities and an independent heating system for each residence
- 0.21‑acre parcel with a yard, deck, and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,629
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,580
$672.6K
Cap Rate 7%
$480,414
$480.4K
Cap Rate 9%
$373,656
$373.7K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$50.8K $20.40/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$48.0K $19.28/SF
− OpEx
−$14.4K −$5.78/SF
NOI
$33.6K $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%
$672,580
Cap Rate 7%
$480,414
Cap Rate 9%
$373,656
Alternative Uses
Best Use
Multifamily LT 5
$480.4K
$420.4K – $560.5K
NOI $33,629 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$447.4K
$391.4K – $521.9K
NOI $31,315 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$612.0K
$535.5K – $714.0K
NOI $42,837 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,063
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Independent heating systems serve both residences, with natural gas as the fuel source.
Where is this duplex located?
The property is located at 137 Frederick Street Manchester, NH.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two garden‑style units in a 2,492‑square‑foot duplex; Separate utilities and an independent heating system for each residence; 0.21‑acre parcel with a yard, deck, and patio
