Renovated Three-Unit Multifamily
For Sale
$665,000
1601 Front Street, Manchester, NH 03102
A landscaped 0.36-acre parcel includes paved parking and fenced outdoor space.
Property Size2,483 SF
Lot Size0.36 Acres
Price / SF$267.82
Days on Market20
Property Features for 1601 Front Street
General Information
Standard status
Active
Size
2,483 SF
Lot size
0.36 Acres
Property subtype
Multi Family
Zoning
multi
Site & Location
Neighborhood
Northwest
Highway Access
Yes
Units
Unit Mix
1 x 3BR, 2 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,367
Amenities
paved parking area
fenced yard
Building Details
Year Built
1800
Stories
2
Listing Agency:
LAER Realty Partners/Goffstown
Listed By:
David Ford Jr.
Source:
Laerrealty
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 24 at 2:13PM
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 LAER Realty Partners/Goffstown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Manchester triplex contains one three-bedroom unit and two two-bedroom units. Two apartments have been renovated and feature updated kitchens with shaker-style cabinetry and vinyl plank flooring. The third unit has long-term tenants. Vinyl siding, paved parking and fenced yard areas are among the property’s exterior features. The recorded year built is 1800.
The property is on Manchester’s upper West Side, with access to Routes 293 and 93. Walmart and Market Basket are nearby, and the grounds offer views of Intervale Country Club.
The property is on Manchester’s upper West Side, with access to Routes 293 and 93. Walmart and Market Basket are nearby, and the grounds offer views of Intervale Country Club.
Key Highlights
- Three units: one 3‑bedroom apartment and two 2‑bedroom apartments
- Two apartments renovated, with updated kitchens and vinyl plank flooring
- 0.36‑acre landscaped lot with paved parking and fenced yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,507
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,140
$670.1K
Cap Rate 7%
$478,671
$478.7K
Cap Rate 9%
$372,300
$372.3K
Market Conditions
NOI Build-Up for 2,483 SF
Gross rent
$50.7K $20.40/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$47.9K $19.28/SF
− OpEx
−$14.4K −$5.78/SF
NOI
$33.5K $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%
$670,140
Cap Rate 7%
$478,671
Cap Rate 9%
$372,300
Alternative Uses
Best Use
Multifamily LT 5
$478.7K
$418.8K – $558.5K
NOI $33,507 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,202 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$609.8K
$533.5K – $711.4K
NOI $42,683 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
55
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A landscaped 0.36-acre parcel includes paved parking and fenced outdoor space.
Where is this triplex located?
The property is located at 1601 Front Street Manchester, NH.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Three units: one 3‑bedroom apartment and two 2‑bedroom apartments; Two apartments renovated, with updated kitchens and vinyl plank flooring; 0.36‑acre landscaped lot with paved parking and fenced yard space
