Westside Mixed-Use Investment
For Sale
$1,350,000
160 AMORY Street, Manchester, NH 03102
Brick 8-unit property with commercial and residential spaces.
Property Size12,208 SF
Price / SF$110.58
Days on Market217
Property Features for 160 AMORY Street
General Information
Standard status
Active
Size
12,208 SF
Property subtype
Multi-Family
Zoning
comm
Building Details
Year Built
1880
Stories
3
Listing Agency:
JMJ Commercial Realty, Inc.
(978) 578-5013
Listed By:
Chris Bernier · License #NH 005229
(978) 578-5013
Source:
Churchillprop
Added: Jan 19
Changed: Aug 23
Last Checked: Aug 24 at 3:15AM
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 JMJ Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
Located on the westside, this brick building features a mix of residential and commercial units. It includes two 3-bedroom apartments equipped with appliances and washer/dryer hookups, along with six commercial units. The property has undergone significant rehabilitation in recent years, both on the exterior and interior, and features new windows. The second-floor tenant is responsible for their electric bill, while the third-floor unit, which has been recently renovated, pays for electric, hot air heat, and hot water. The commercial tenants cover their own electric and hot water expenses; the seller heats five of the commercial units with a newer gas furnace, while the laundromat pays for its own heat. The property benefits from long-term ownership and tenancy, presenting an opportunity to increase rents. Two commercial units have recently become vacant, with one having been recently remodeled, making it suitable for an owner-user or for lease. Potential uses for the commercial spaces include a restaurant, smoke shop, or office. The building's exterior is constructed of brick and aluminum siding. The commercial units currently house a laundromat, pizza/bakery, church, and karate/gym, with two units currently vacant. The property is presented as a good investment opportunity, offering a 6.9% cap rate on a $103,000 net.
Key Highlights
- Boasting a 6.9% Cap rate on $103K net income.
- Eight units total: two residential (3‑bedroom apartments with appliances and W/D hookups) and six commercial units.
- Value‑add opportunity: Rents can easily be raised.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,609
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick 8-unit property with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 160 AMORY Street Manchester, NH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Boasting a 6.9% Cap rate on $103K net income.; Eight units total: two residential (3‑bedroom apartments with appliances and W/D hookups) and six commercial units.; Value‑add opportunity: Rents can easily be raised.
