Victorian Mixed-Use
146 Lowell St, Manchester, NH 03103
For Sale
$925,000
Four commercial units and one apartment occupy a maintained building with separate utilities, parking, and prominent corner positioning.
Property Size4,704 SF
Price / SF$196.64
Days on Market59
Property Features for 146 Lowell St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty Bedford NH
Listed By:
Kimberly Florence
(603) 582-8513
Source:
Reyeshometeam
Added: Sep 18
Changed: Nov 14
Last Checked: Oct 7 at 1:44PM
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 Coldwell Banker Realty Bedford NH
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Investment Insights
Based on property information with market context.
Built in 1890, this 4,704-square-foot mixed-use property combines four commercial units with a one-bedroom apartment. The commercial component includes three office suites and a hair salon, while the residential unit has an updated kitchen and bathroom. Office interiors feature 10-foot ceilings, chandeliers, oversized windows, wide pine and hardwood flooring, and custom lighting. The building also has updated windows, vinyl siding, newer roofing, FHA heating systems, central air, and gas utilities.
Situated at 146 Lowell St in Manchester, the property occupies a high-traffic corner lot with signage and a parking area for up to 15 vehicles. Separate utilities serve the individual units, and the property is fully rented with long-term tenants. It is also offered as part of a broader multi-property portfolio that includes additional multifamily buildings available for purchase as a package.
Situated at 146 Lowell St in Manchester, the property occupies a high-traffic corner lot with signage and a parking area for up to 15 vehicles. Separate utilities serve the individual units, and the property is fully rented with long-term tenants. It is also offered as part of a broader multi-property portfolio that includes additional multifamily buildings available for purchase as a package.
Key Highlights
- 4,704‑square‑foot mixed‑use building with 4 commercial units and 1 residential unit
- Three office suites plus a hair salon comprise the commercial space
- One‑bedroom apartment includes an updated kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,497
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,940
$1.0M
Cap Rate 7%
$749,957
$750.0K
Cap Rate 9%
$583,300
$583.3K
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$90.3K $19.20/SF
− Vacancy
−$6.3K −$1.34/SF
EGI
$84.0K $17.86/SF
− OpEx
−$31.5K −$6.70/SF
NOI
$52.5K $11.16/SF
Area
Manchester, NH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,940
Cap Rate 7%
$749,957
Cap Rate 9%
$583,300
Alternative Uses
Best Use
Mixed Use
$750.0K
$656.2K – $875.0K
NOI $52,497 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$552.7K
$483.7K – $644.9K
NOI $38,692 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,862 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,495
Businesses Nearby
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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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Market
Properties on Market for Mixed-use properties in Hillsborough County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial units and one apartment occupy a maintained building with separate utilities, parking, and prominent corner positioning.
Where is this mixed-use property located?
The property is located at 146 Lowell St Manchester, NH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4,704‑square‑foot mixed‑use building with 4 commercial units and 1 residential unit; Three office suites plus a hair salon comprise the commercial space; One‑bedroom apartment includes an updated kitchen and bathroom
