151 Pearl Street Manchester, NH 03104
MULTI_FAMILY - Victorian - Manchester, NH
Property Features for 151 Pearl Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Rooms
- Basement
- Exterior features
- Double Pane Window(s)
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 4,782 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7778
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 15
- Flooring type
- Vinyl, Hardwood
- Building materials
- Clapboard Exterior
- Roof type
- Shingle
- Architectural style
- Victorian
Listing agent Richard Dumont (603) 668-5100
Listing office Century 21 Dumont and Assoc. 1100 Valley St.., Manchester, NH (603) 668-5100
Listing date Jul 14, 2026
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.
The property is situated on a corner lot with nearby shopping and public transportation. Parking is paved and served by two separate driveways.
Zoned R-3, this residential income property encompasses approximately 4,782 square feet on a 0.22-acre lot.
Key Highlights
- Established 15‑unit rooming house with communal kitchen and 4 bathrooms
- New roof installed in 2018; exterior painted in 2018
- FHW natural gas heat updated within the last 9 years
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.8k | $24.00 |
| − Vacancy | −$5.5k | −$1.15 |
| EGI | $109.3k | $22.85 |
| − OpEx | −$49.2k | −$10.28 |
| NOI | $60.1k | $12.57 |
