3-Unit Residential Income
For Sale
$675,000
18 South St, Manchester, NH 03104
Three matching residences provide consistent layouts, with off-street parking and tenants in place.
Property Size3,416 SF
Price / SF$197.60
Days on Market34
Property Features for 18 South St
General Information
Standard status
Active
Size
3,416 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,385
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
EXP Realty
(888) 398-7062
Listed By:
Christine Tatro
(603) 738-3000
Source:
Exprealty
Added: Sep 3
Changed: Oct 3
Last Checked: Oct 5 at 8:35PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 3,416-square-foot triplex contains three vertically arranged residences with matching floor plans. Each unit has three bedrooms and one full bathroom. All three apartments are occupied by long-term tenants, and the property includes an off-street parking lot.
The building is at 18 South St in Manchester, east of Downtown in the Corey Square neighborhood.
The building is at 18 South St in Manchester, east of Downtown in the Corey Square neighborhood.
Key Highlights
- 3,416‑square‑foot triplex with three stacked units
- Each apartment includes 3 bedrooms and 1 full bathroom
- All three units are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,098
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,960
$922.0K
Cap Rate 7%
$658,543
$658.5K
Cap Rate 9%
$512,200
$512.2K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$69.7K $20.40/SF
− Vacancy
−$3.8K −$1.12/SF
EGI
$65.9K $19.28/SF
− OpEx
−$19.8K −$5.78/SF
NOI
$46.1K $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%
$921,960
Cap Rate 7%
$658,543
Cap Rate 9%
$512,200
Alternative Uses
Best Use
Multifamily LT 5
$658.5K
$576.2K – $768.3K
NOI $46,098 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$613.2K
$536.6K – $715.5K
NOI $42,927 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$838.9K
$734.0K – $978.7K
NOI $58,721 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three matching residences provide consistent layouts, with off-street parking and tenants in place.
Where is this triplex located?
The property is located at 18 South St Manchester, NH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,416‑square‑foot triplex with three stacked units; Each apartment includes 3 bedrooms and 1 full bathroom; All three units are occupied by long‑term tenants
