Victorian Mixed-Use
For Sale
$890,000
146 lowell Street, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size4,704 SF
Lot Size0.26 Acres
Price / SF$189.20
Days on Market47
Property Features for 146 lowell Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
business district
Rooms
Basement
Patio and Porch features
Porch
Exterior features
Covered Porch
Appliances
Gas Water Heater
Lot features
City Lot, Corner, In Town
Elementary school district
Manchester School District
Middle school district
Manchester School District
High school district
Manchester School District
Directions
Corner of Lowell & Union St
Standard status
Active
Size
4,704 SF
Lot size
0.26 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
office, residential, retail
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11660
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1890
Floors in Building
3
Number of units
5
Flooring type
Hardwood, Wood, Laminate
Building materials
Wood Frame
Roof type
Membrane, Flat, Shingle
Architectural style
Victorian
Buildings
1
Listing Agency:
Coldwell Banker Realty Bedford NH · Coldwell Banker Real Estate
(603) 471-0777
Listed By:
Kimberly Florence
(603) 848-9559
Added: Sep 16
Changed: Oct 30
Last Checked: Nov 1 at 6:06AM
MLS# 5109978
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.
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Investment Insights
Based on property information with market context.
Built in 1890, this 4,704-square-foot Victorian property combines four commercial units with a one-bedroom apartment. The commercial spaces include three offices and a hair salon. Office interiors feature hardwood floors, oversized windows, chandeliers, and 10-foot ceilings in two units; the apartment has an updated kitchen and bathroom. A covered porch, basement, gas water heater, forced-air heating, and central air are among the building’s features. Updates include the roof, siding, and windows, and utilities are separately metered.
The 0.26-acre property is on a corner lot in a business district. Signage and parking for up to 15 vehicles are on site. Long-term tenants occupy the property, which is fully rented.
The 0.26-acre property is on a corner lot in a business district. Signage and parking for up to 15 vehicles are on site. Long-term tenants occupy the property, which is fully rented.
Key Highlights
- 4,704‑square‑foot Victorian property built in 1890
- Four commercial units and one residential unit, including three offices and a hair salon
- One‑bedroom apartment with updated kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,497
Cap Rate
5.90%
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 5.90%
Second Best
Office B
$552.7K
$483.7K – $644.9K
NOI $38,692 @ 7.0% cap · market cap 4.35%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,862 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,495
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial spaces and a one-bedroom apartment occupy a wood-frame property with separate utilities.
Where is this mixed-use property located?
The property is located at 146 lowell Street Manchester, NH.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 4,704‑square‑foot Victorian property built in 1890; Four commercial units and one residential unit, including three offices and a hair salon; One‑bedroom apartment with updated kitchen and bathroom
