Two-Unit Duplex on
New
For Sale
$499,000
202 Leda Avenue, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size1,888 SF
Lot Size1.42 Acres
Price / SF$264.30
Days on Market4
Property Features for 202 Leda Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Basement
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Enclosed Porch
Appliances
Electric Water Heater
Lot features
Level
Elementary school
Smyth Road School
Middle school
Hillside Middle School
High school
Central High School
Directions
USE GPS, plenty of parking on dead end street or on driveway.
Standard status
Active
Size
1,888 SF
Lot size
1.42 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6407
Utilities
Utilities
Cable Available
Heating system
Forced Air, Oil
Water source
Well
Amenities
laundry
storage
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Nashua · Coldwell Banker Real Estate
(603) 673-4000
Listed By:
Alan Qiu
(603) 848-9559
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 5115076
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,888-square-foot duplex contains two residences on a 1.42-acre parcel. The first-floor unit has two bedrooms, one bathroom, and 1,080 square feet, with direct entry to the basement, which includes storage and that unit’s laundry. The upper apartment has a separate laundry setup and was updated with a new bathroom, carpet, recessed lighting, and tiled kitchen flooring. It is leased through December 2, 2026.
Built in 1920, the wood-frame property has a shingle roof and an enclosed porch. The roof and septic system were completed in 2025. Heating is forced-air oil, the water source is a well, and cable service is available. The property is zoned R and includes driveway and off-street parking.
Built in 1920, the wood-frame property has a shingle roof and an enclosed porch. The roof and septic system were completed in 2025. Heating is forced-air oil, the water source is a well, and cable service is available. The property is zoned R and includes driveway and off-street parking.
Key Highlights
- Two‑unit duplex with 1,888 square feet on 1.42 acres
- First‑floor residence offers 2 bedrooms, 1 bathroom, and 1,080 square feet
- Upper unit lease runs through December 2, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,478
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,560
$509.6K
Cap Rate 7%
$363,971
$364.0K
Cap Rate 9%
$283,089
$283.1K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$38.5K $20.40/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$36.4K $19.28/SF
− OpEx
−$10.9K −$5.78/SF
NOI
$25.5K $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%
$509,560
Cap Rate 7%
$363,971
Cap Rate 9%
$283,089
Alternative Uses
Best Use
Multifamily LT 5
$364.0K
$318.5K – $424.6K
NOI $25,478 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$338.9K
$296.6K – $395.4K
NOI $23,725 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$463.6K
$405.7K – $540.9K
NOI $32,455 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
401
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry, with the first-floor home also connecting directly to basement storage.
Where is this duplex located?
The property is located at 202 Leda Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,888 square feet on 1.42 acres; First‑floor residence offers 2 bedrooms, 1 bathroom, and 1,080 square feet; Upper unit lease runs through December 2, 2026
