Three-Unit Multifamily
159 Cartier Street, Manchester, NH 03102
For Sale
$595,000
Pending
Three two-bedroom apartments are separately metered for heat, hot water, and electricity, with tenants paying those utilities.
Property Size2,892 SF
Days on Market75
Property Features for 159 Cartier Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
Natural Gas, Space Heater
Yes
3
Walkout
Flat, Tar and Gravel
Vinyl Siding
Building Details
Year Built
Listing Agency:
DiBiasio & Missiti
Listed By:
Daniel DiBiasio
(617) 510-4610
Source:
Compass
Added: Aug 27
Changed: Nov 7
Last Checked: Nov 8 at 7:41AM
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 DiBiasio & Missiti
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Investment Insights
Based on property information with market context.
This 2,892-square-foot multifamily property contains three apartments, each with two bedrooms and one bathroom. Built in 1885, the building has vinyl siding and a flat tar-and-gravel roof. Each unit has separate metering for heat, hot water, and electricity; tenants pay those utilities, while the owner covers water and sewer.
The property is on Manchester’s West Side at 159 Cartier Street. Off-street parking is available, and the zoning designation is MX-2.
The property is on Manchester’s West Side at 159 Cartier Street. Off-street parking is available, and the zoning designation is MX-2.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 2,892 square feet; built in 1885
- MX‑2 zoning at 159 Cartier Street on Manchester’s West Side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,026
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,520
$780.5K
Cap Rate 7%
$557,514
$557.5K
Cap Rate 9%
$433,622
$433.6K
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$59.0K $20.40/SF
− Vacancy
−$3.2K −$1.12/SF
EGI
$55.8K $19.28/SF
− OpEx
−$16.7K −$5.78/SF
NOI
$39.0K $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%
$780,520
Cap Rate 7%
$557,514
Cap Rate 9%
$433,622
Alternative Uses
Best Use
Multifamily LT 5
$557.5K
$487.8K – $650.4K
NOI $39,026 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$519.2K
$454.3K – $605.7K
NOI $36,342 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$710.2K
$621.4K – $828.6K
NOI $49,713 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Manchester, NH
Properties on Market for Triplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments are separately metered for heat, hot water, and electricity, with tenants paying those utilities.
Where is this triplex located?
The property is located at 159 Cartier Street Manchester, NH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 2,892 square feet; built in 1885; MX‑2 zoning at 159 Cartier Street on Manchester’s West Side
