Multifamily Residential
For Sale
$429,800
Pending
14 Sterling Avenue, Manchester, NH 03103
Hot-water service is fueled by natural gas.
Property Size1,879 SF
Days on Market68
Property Features for 14 Sterling Avenue
General Information
Standard status
Pending
Size
1,879 SF
Property subtype
Residential Income
Zoning
Residential
Site & Location
Neighborhood
Bakersville
Taxes and HOA fees
Annual Taxes
$4,643
Amenities
Hot Water, Natural Gas
Finished, Unfinished
Paved
Multi-Family
Building Details
Building Size
1,879 SF
Year Built
1840
Stories
2
Listing Agency:
Des Rochers Real Estate Professionals
Listed By:
Laurie Des Rochers
(603) 661-5555
Source:
Evrealestate
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 24 at 5:18PM
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 Des Rochers Real Estate Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily residential property at 14 Sterling Avenue in Manchester has hot-water service and natural gas. The building dates to 1840, and paved surfaces are noted among its exterior features.
Key Highlights
- Multifamily residential property
- Built in 1840
- Hot‑water service and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,318
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,360
$306.4K
Cap Rate 7%
$218,829
$218.8K
Cap Rate 9%
$170,200
$170.2K
Market Conditions
NOI Build-Up for 1,219 SF
Gross rent
$29.3K $24.00/SF
− Vacancy
−$1.4K −$1.15/SF
EGI
$27.9K $22.85/SF
− OpEx
−$12.5K −$10.28/SF
NOI
$15.3K $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%
$306,360
Cap Rate 7%
$218,829
Cap Rate 9%
$170,200
Alternative Uses
Best Use
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,318 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$299.4K
$261.9K – $349.3K
NOI $20,955 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,164
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Hot-water service is fueled by natural gas.
Where is this residential income property located?
The property is located at 14 Sterling Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $429,800.
What are key features of this property?
This property features: Multifamily residential property; Built in 1840; Hot‑water service and natural gas
