Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    159 Auburn Street Unit 2 Manchester, NH 3103

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,950 /Mo

    Recently updated, pet-friendly 2-bedroom apartment near SNHU Arena.

    Type:Rental / Multi-Family
    Added:
    Mar 4, 2026
    Days on Market:
    44
    Last Refresh:
    Mar 24 at 8:39 am

    Property Features for 159 Auburn Street Unit 2

    General Information

    Standard status
    Active
    Property subtype
    Rental / Multi-Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Matthew Bacon

    Listing agent Matthew Bacon

    Listing office Anagnost Realty & Development

    Listing date Mar 4, 2026

    Source Compass

    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 Anagnost Realty & Development

    Overview

    Bright Two-Bedroom Apartment in Manchester

    This open and bright 2-bedroom unit is located on the second floor of a building on Auburn St in Manchester, a block behind the SNHU Arena. Flexible lease terms are available. The apartment is in close proximity to hospitals, a grocery store, dining, and entertainment options. The unit is available furnished for an additional cost. This pet-friendly apartment welcomes pets. The unit has a secured entrance and has been recently updated. Some photos may have been staged virtually with Gemini AI or be of a similar recently completed unit, as the property management is actively remodeling many units. Many units could be made available furnished, similar to those shown, but may differ from staged photos.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4590182
    Latitude
    42.9849022

    Nearby Similar for Lease

    • Contact for pricing

      Furnished Corner Office in Manchester

      Furnished corner office space with amenities in downtown Manchester.
      409 Elm Street, Manchester, NH 03101
      View Details
    • Contact for pricing

      Furnished Office Suite in Manchester

      Prime Manchester location, ideal for wellness professionals. All-inclusive rent.
      707 Chestnut Street, Manchester, NH 03104
      View Details
    • Contact for pricing

      Coworking Office Space in Manchester

      Coworking office space for lease in Manchester, New Hampshire.
      409 Elm Street, Manchester, NH 03101
      View Details
    • Contact for pricing

      Adaptable Commercial Space in Manchester

      Versatile commercial space suitable for various business uses.
      521 Wilson Street, Manchester, NH 03103
      View Details
    • Contact for pricing

      Equipped Commercial Space in Manchester

      Versatile commercial space with kitchen, bars, stage, and patio.
      1181 ELM Street, Manchester, NH 03101
      View Details
    • Contact for pricing

      Commercial Space in Manchester, NH

      Retail space available for lease in Manchester, New Hampshire.
      132 Orange Street, Manchester, NH 03104
      View Details
    • Contact for pricing

      Industrial Bay with Office Space

      1,200 SF industrial bay with office in Manchester, NH.
      728 E Industrial Park Dr Unit 16, Manchester, NH 03109
      View Details
    • Sponsored
      Contact for pricing

      NH, Manchester - 1087 Elm Street

      1087 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing

      NH, Manchester - Elm Street

      1045 Manchester St, Manchester, NH 03101
      View Details
    • $20/mo

      Downtown Office Building For Lease

      14,624 RSF office building in the heart of downtown.
      45 Market St, Manchester, NH 03101
      View Details
    • $20/mo

      Prime Manchester Location for Lease

      Exceptional property with modern amenities, suitable for office or retail.
      777 S Willow St, Manchester , NH 03103
      View Details
    • $12/mo

      Modern Office Space in Manchester

      Prime office location with modern amenities and versatile spaces.
      31 Auburn Street, Manchester, NH 03103
      View Details

    FAQs

    What type of property is this?
    Residential income property - Recently updated, pet-friendly 2-bedroom apartment near SNHU Arena.
    Where is this residential income property located?
    The property is located at 159 Auburn Street Unit 2 Manchester, NH.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: Prime location: One block behind the SNHU Arena in Manchester.; Pet‑friendly: Welcomes furry friends.; Features 2 bedrooms and 1 bathroom.
    (603) 200-4023
    We can help!
    Listing Contact
    Matthew Bacon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!