Triplex with Separate
For Sale
$725,000
145-147 Pearl Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size4,167 SF
Lot Size0.15 Acres
Price / SF$173.99
Days on Market24
Property Features for 145-147 Pearl Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Two Family
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 9, Basement, Bedroom 6
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Exterior features
Porch
Appliances
Natural Gas Water Heater, Owned Water Heater, Separate Water Heater
Lot features
City Lot, Curbing, In Town, Near Shopping, Neighborhood
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
Union Street to Pearl Street.
Standard status
Active
Size
4,167 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8709
Utilities
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Carpet, Laminate, Wood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed By:
Danielle Bissonnette
(603) 836-2690
Added: Sep 13
Changed: Sep 29
Last Checked: Oct 6 at 12:06AM
MLS# 5109582
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 4,167-square-foot, wood-frame triplex was built in 1900 and sits on a 0.15-acre lot. Its three residences comprise a first-floor unit with three bedrooms and one bathroom, a second-floor unit with four bedrooms and two bathrooms, and a cottage with two bedrooms and one bathroom. Interior finishes include laminate, wood, and carpet flooring; the property also has porches and off-street driveway parking.
The property is fully occupied and has a history of long-term tenants. Improvements include electrical, plumbing, and heating updates, a roof reported as 10 years old, new decks, and a furnace installed in the cottage in September 2026. Tenants pay for heat, hot water, and electricity. Zoning is listed as Two Family.
The property is fully occupied and has a history of long-term tenants. Improvements include electrical, plumbing, and heating updates, a roof reported as 10 years old, new decks, and a furnace installed in the cottage in September 2026. Tenants pay for heat, hot water, and electricity. Zoning is listed as Two Family.
Key Highlights
- 4,167 square feet of building area on a 0.15‑acre lot
- Three residences: 3‑bedroom/1‑bath, 4‑bedroom/2‑bath, and 2‑bedroom/1‑bath cottage
- Fully occupied, with a history of long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,232
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,640
$1.1M
Cap Rate 7%
$803,314
$803.3K
Cap Rate 9%
$624,800
$624.8K
Market Conditions
NOI Build-Up for 4,167 SF
Gross rent
$85.0K $20.40/SF
− Vacancy
−$4.7K −$1.12/SF
EGI
$80.3K $19.28/SF
− OpEx
−$24.1K −$5.78/SF
NOI
$56.2K $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%
$1,124,640
Cap Rate 7%
$803,314
Cap Rate 9%
$624,800
Alternative Uses
Best Use
Multifamily LT 5
$803.3K
$702.9K – $937.2K
NOI $56,232 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$748.1K
$654.6K – $872.7K
NOI $52,364 @ 7.0% cap · market cap 7.22%
Theoretical Best
Specialty Retail
$1.02M
$895.4K – $1.19M
NOI $71,631 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,510
Businesses Nearby
Explore this area
Business Placement
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
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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?
Triplex - Three residences include a separate cottage, with tenants covering heat, hot water, and electricity.
Where is this triplex located?
The property is located at 145-147 Pearl Street Manchester, NH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4,167 square feet of building area on a 0.15‑acre lot; Three residences: 3‑bedroom/1‑bath, 4‑bedroom/2‑bath, and 2‑bedroom/1‑bath cottage; Fully occupied, with a history of long‑term tenants
