Duplex With Separate
For Sale
Under Contract
$429,800
14 Sterling Avenue, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size1,219 SF
Lot Size0.11 Acres
Price / SF$352.58
Days on Market52
Property Features for 14 Sterling Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
Lot features
City Lot, Level, Wooded
Elementary school
Bakersville School
Middle school
Southside Middle School
High school
Manchester Memorial High Sch
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Directions
Calef Road to Sterling Ave; if coming from Elm Street, take Welch Ave, left onto Calef Road and then a left onto Sterling Ave, house on the right. Sterling is a one way street.
Standard status
Active Under Contract
Size
1,219 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4643
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
porch
basement
washer/dryer hook-ups
on-site parking
yard
Building Details
Year built
1840
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Des Rochers Real Estate Professionals
(603) 641-5905
Listed By:
Laurie Des Rochers
(603) 661-5555
Added: Aug 20
Changed: Oct 8
Last Checked: Oct 10 at 5:06PM
MLS# 5106098
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 wood-frame duplex in Manchester, NH, contains 1,219 square feet on a 0.11-acre lot. Each unit has a living room, kitchen, bathroom, porch, and washer/dryer hookups, with basement access serving the first-floor residence. The property has a shingle roof, natural-gas hot-water heating, and public water. Roof, boilers, and hot-water tanks have been updated, and the two units have separately metered heat, hot water, and electricity.
The property includes on-site parking and a large level yard. One unit is occupied by a long-term tenant while the other is vacant. A current Certificate of Occupancy and Code of Compliance is in place. Built in 1840, the duplex is located at 14 Sterling Avenue in Manchester’s 03103 postal area.
The property includes on-site parking and a large level yard. One unit is occupied by a long-term tenant while the other is vacant. A current Certificate of Occupancy and Code of Compliance is in place. Built in 1840, the duplex is located at 14 Sterling Avenue in Manchester’s 03103 postal area.
Key Highlights
- Two‑unit duplex with 1,219 square feet on a 0.11‑acre lot
- Separate heat, hot water, and electricity for each unit
- First‑floor unit occupied by a long‑term tenant; second‑floor unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,450
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,000
$329.0K
Cap Rate 7%
$235,000
$235.0K
Cap Rate 9%
$182,778
$182.8K
Market Conditions
NOI Build-Up for 1,219 SF
Gross rent
$24.9K $20.40/SF
− Vacancy
−$1.4K −$1.12/SF
EGI
$23.5K $19.28/SF
− OpEx
−$7.0K −$5.78/SF
NOI
$16.4K $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%
$329,000
Cap Rate 7%
$235,000
Cap Rate 9%
$182,778
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.6K – $274.2K
NOI $16,450 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,318 @ 7.0% cap · market cap 3.56%
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with individual utility systems, on-site parking, porches, and a flat yard.
Where is this duplex 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: Two‑unit duplex with 1,219 square feet on a 0.11‑acre lot; Separate heat, hot water, and electricity for each unit; First‑floor unit occupied by a long‑term tenant; second‑floor unit vacant
