Three-Unit Multifamily
For Sale
$624,900
201 Auburn St, Manchester, NH 03103
Fully occupied triplex with separate utilities, in-unit laundry, and a detached garage generating additional rental income.
Property Size3,300 SF
Price / SF$189.36
Days on Market51
Property Features for 201 Auburn St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Kalivas/ Union
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$79,800
Amenities
in-unit laundry
basement storage
Building Details
Year Built
1900
Listing Agency:
Realty One Group Next Level
Listed By:
Steve Petz
(603) 389-6604
Source:
Lawanaandcompany
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 7 at 4:05PM
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
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Investment Insights
Based on property information with market context.
This Manchester triplex contains three three-bedroom, one-bath apartments with approximately 3,300 square feet of finished above-grade living area. Each residence follows a five-room layout, with updated flooring and kitchen finishes in select units. The first- and second-floor apartments include in-unit laundry. Separate electric meters, individual water heaters, and dedicated heating systems support streamlined utility management, while residents pay their own electric, heat, and hot water. A full unfinished basement provides supplemental storage and utility space.
The property also includes a detached garage at the rear that is separately rented and offers an open interior suitable for workshop use. A plumbed drain is already in place, with any bathroom addition subject to due diligence and required approvals. Located at 201 Auburn St in Manchester, the property is near downtown, shopping, restaurants, public transportation, schools, hospitals, and major commuting routes. All three apartments are occupied, and supporting lease and operating documentation is available upon request.
The property also includes a detached garage at the rear that is separately rented and offers an open interior suitable for workshop use. A plumbed drain is already in place, with any bathroom addition subject to due diligence and required approvals. Located at 201 Auburn St in Manchester, the property is near downtown, shopping, restaurants, public transportation, schools, hospitals, and major commuting routes. All three apartments are occupied, and supporting lease and operating documentation is available upon request.
Key Highlights
- Three 3‑bedroom, 1‑bath apartments with approximately 3,300 square feet of finished above‑grade living area
- Three residential units occupied, with additional income from a separately rented detached garage
- Separate electric meters, individual water heaters, and dedicated heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,532
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,640
$890.6K
Cap Rate 7%
$636,171
$636.2K
Cap Rate 9%
$494,800
$494.8K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$67.3K $20.40/SF
− Vacancy
−$3.7K −$1.12/SF
EGI
$63.6K $19.28/SF
− OpEx
−$19.1K −$5.78/SF
NOI
$44.5K $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%
$890,640
Cap Rate 7%
$636,171
Cap Rate 9%
$494,800
Alternative Uses
Best Use
Multifamily LT 5
$636.2K
$556.7K – $742.2K
NOI $44,532 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$592.4K
$518.4K – $691.2K
NOI $41,469 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$810.4K
$709.1K – $945.5K
NOI $56,727 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
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Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied triplex with separate utilities, in-unit laundry, and a detached garage generating additional rental income.
Where is this triplex located?
The property is located at 201 Auburn St Manchester, NH.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Three 3‑bedroom, 1‑bath apartments with approximately 3,300 square feet of finished above‑grade living area; Three residential units occupied, with additional income from a separately rented detached garage; Separate electric meters, individual water heaters, and dedicated heating systems
