Three-Unit Residential
217 Cartier Street Manchester, NH 03102
New
217 Cartier Street, Manchester, NH, 03102
$655,000
For Sale
$655,000
MULTI_FAMILY - Other - Manchester, NH
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$218.33
Days on Market2
Property Features for 217 Cartier Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 9, Bathroom 1, Bedroom 7, Bedroom 2
- Patio and Porch features
- Porch
- Exterior features
- Covered Porch, Enclosed Porch
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7076
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- Wood Frame
- Roof type
- Membrane
- Architectural style
- Other
Listing Agency
REAL Broker NH, LLC
(855) 450-0442
170 Commerce Way, Portsmouth, NH
Listed by
Kevin Cooper
(855) 450-0442
Added: Jul 19 Checked: Jul 20 at 11:06 am
MLS# 5100643
Listing URL
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.
Investment Insights
Based on property information with market context.
This fully occupied 3-family residential investment property includes three separate units, each with three bedrooms and one bathroom. Tenants pay their own utilities, while the owner pays water and sewer. The property provides off-street parking for 6+ vehicles and includes a detached 4-stall garage, with all garage bays currently rented.
Located in Manchester, the property is described as convenient to downtown, highways, shopping, and restaurants.
With below-market rents noted in the remarks, the configuration supports ongoing income generation while aligning with investors seeking rental performance improvement.
Located in Manchester, the property is described as convenient to downtown, highways, shopping, and restaurants.
With below-market rents noted in the remarks, the configuration supports ongoing income generation while aligning with investors seeking rental performance improvement.
Key Highlights
- Fully occupied 3‑family investment property in Manchester
- Each unit offers 3 bedrooms and 1 bathroom; tenants pay their own utilities
- Owner pays water and sewer, with Public water service available
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $20.40 |
| − Vacancy | −$3.4k | −$1.12 |
| EGI | $57.8k | $19.28 |
| − OpEx | −$17.4k | −$5.78 |
| NOI | $40.5k | $13.49 |
3,000 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.3K
$506.1K – $674.7K
NOI $40,484 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$736.7K
$644.6K – $859.5K
NOI $51,570 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied 3-family property offering three-bedroom, one-bath units with owner-paid water and sewer.
Where is this triplex located?
The property is located at 217 Cartier Street Manchester, NH.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Fully occupied 3‑family investment property in Manchester; Each unit offers 3 bedrooms and 1 bathroom; tenants pay their own utilities; Owner pays water and sewer, with Public water service available
