Two-Unit
For Sale
$570,000
170 Oakland Ave, Manchester, NH 03109
Each residence has separate utilities, supporting independent occupancy and operation.
Property Size1,824 SF
Price / SF$312.50
Days on Market15
Property Features for 170 Oakland Ave
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x upper unit (3+BR/2BA), 1 x first-floor unit (2BR/1BA)
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1911
Listing Agency:
Realty One Group Next Level
Listed By:
Ryan Kalantzis
(603) 389-6604
Source:
Newhampshirehomematch
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 5 at 7:21PM
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 Realty One Group Next Level
Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex contains two residences. The upper apartment spans two floors, with 3+ bedrooms and two bathrooms; its upper level can function as a primary suite. The first-floor unit has two bedrooms and a renovated bathroom.
Separate utilities serve each unit. The property sits on a corner lot in Manchester, New Hampshire, and was built in 1911.
Separate utilities serve each unit. The property sits on a corner lot in Manchester, New Hampshire, and was built in 1911.
Key Highlights
- Two residences with separate utilities
- 1,824 SF property
- Upper apartment spans two floors, with 3+ bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,614
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,280
$492.3K
Cap Rate 7%
$351,629
$351.6K
Cap Rate 9%
$273,489
$273.5K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$37.2K $20.40/SF
− Vacancy
−$2.0K −$1.12/SF
EGI
$35.2K $19.28/SF
− OpEx
−$10.5K −$5.78/SF
NOI
$24.6K $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%
$492,280
Cap Rate 7%
$351,629
Cap Rate 9%
$273,489
Alternative Uses
Best Use
Multifamily LT 5
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$447.9K
$391.9K – $522.6K
NOI $31,355 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 03109, NH
10,580
Population
4,250
Households
2.5
Avg Household Size
42
Median Age
34%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
1,469
Density / Sq Mi
$108,060
Median Household Income
$56,189
Median Earnings
$1,834
Median Rent
$350,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, supporting independent occupancy and operation.
Where is this duplex located?
The property is located at 170 Oakland Ave Manchester, NH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Two residences with separate utilities; 1,824 SF property; Upper apartment spans two floors, with 3+ bedrooms and two bathrooms
