Historic Four-Family
18 Mast Rd, Manchester, NH 03102
For Sale
$895,000
Corner multifamily property with period details, private outdoor spaces, parking, and an oversized detached garage.
Property Size4,560 SF
Lot Size0.33 Acres
Price / SF$196.27
Days on Market55
Property Features for 18 Mast Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Additional Details
Gross Income
Multifamily Units
Amenities
covered balconies
private decks
coin-op laundry
Building Details
Year Built
Buildings
Construction
Listing Agency:
Pierre Peloquin Realty
Listed By:
Pierre J Peloquin
(603) 668-9923
Source:
603propertygroup
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 1:52PM
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 Pierre Peloquin Realty
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Investment Insights
Based on property information with market context.
This 1911 four-family brownstone occupies a 1/3-acre corner parcel at 18 Mast Road. The property includes two 4-room, 2-bedroom apartments with covered south-facing balconies and two additional 4-room apartments configured for one- or two-bedroom use, each with a private deck. Original architectural woodwork, hardwood flooring, and high ceilings complement the well-maintained interiors. Improvements include three new heating systems, vinyl windows, a recently paved driveway, and coin-operated laundry facilities.
The property provides parking for 6 cars and an oversized 2-car garage. Separate utility service is in place for the residences. Unit #3 is vacant, creating an owner-occupancy option within the existing four-unit layout.
The property provides parking for 6 cars and an oversized 2-car garage. Separate utility service is in place for the residences. Unit #3 is vacant, creating an owner-occupancy option within the existing four-unit layout.
Key Highlights
- Four‑family brownstone built in 1911 on a 1/3‑acre corner parcel
- Two 4‑room, 2‑bedroom units with covered south‑facing balconies
- Two additional 4‑room units configured for 1- or 2‑bedroom use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,303
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,060
$1.1M
Cap Rate 7%
$818,614
$818.6K
Cap Rate 9%
$636,700
$636.7K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$109.4K $24.00/SF
− Vacancy
−$5.3K −$1.15/SF
EGI
$104.2K $22.85/SF
− OpEx
−$46.9K −$10.28/SF
NOI
$57.3K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,060
Cap Rate 7%
$818,614
Cap Rate 9%
$636,700
Alternative Uses
Best Use
Apartment 5plus
$818.6K
$716.3K – $955.1K
NOI $57,303 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$979.8K – $1.31M
NOI $78,386 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
466
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 Multifamily properties in Manchester, NH
Properties on Market for Multifamily properties in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Corner multifamily property with period details, private outdoor spaces, parking, and an oversized detached garage.
Where is this multifamily property located?
The property is located at 18 Mast Rd Manchester, NH.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four‑family brownstone built in 1911 on a 1/3‑acre corner parcel; Two 4‑room, 2‑bedroom units with covered south‑facing balconies; Two additional 4‑room units configured for 1- or 2‑bedroom use
