Triplex with Off-Street
For Sale
$669,000
217 Spruce Street, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size4,136 SF
Lot Size0.80 Acres
Price / SF$161.75
Days on Market66
Property Features for 217 Spruce Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2, R-3
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 9, Basement, Bathroom 1, Bathroom 3
Lot features
City Lot
Elementary school
Beech Street School
Middle school
Southside Middle School
High school
Manchester Central High Sch
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Directions
From Beech Street turn left on Spruce Street and the house is on your right side before you arrive to Lincoln Street.
Standard status
Active
Size
4,136 SF
Lot size
0.80 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7731
Utilities
Utilities
Cable Available
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Majlinda Shishko · License #76562
(603) 647-8000
Added: Sep 2
Changed: Nov 5
Last Checked: Nov 6 at 10:06AM
MLS# 5107905
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 three-unit residential property contains 4,136 square feet on a 0.8-acre lot. Each apartment has three bedrooms and one full bathroom, and all units are currently rented. Separate utilities serve the units, and the property has eight off-street parking spaces.
Zoning is R-2 and R-3. The building dates to 1900 and has wood-frame construction with vinyl siding, a shingle roof, and hot-water baseboard heating. Public water is available, along with cable service. Shopping, restaurants, schools, public transportation, and major commuter routes are described as nearby.
Zoning is R-2 and R-3. The building dates to 1900 and has wood-frame construction with vinyl siding, a shingle roof, and hot-water baseboard heating. Public water is available, along with cable service. Shopping, restaurants, schools, public transportation, and major commuter routes are described as nearby.
Key Highlights
- Three units, each with 3 bedrooms and 1 full bathroom
- 4,136 square feet on a 0.8‑acre lot
- All units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,814
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,280
$1.1M
Cap Rate 7%
$797,343
$797.3K
Cap Rate 9%
$620,156
$620.2K
Market Conditions
NOI Build-Up for 4,136 SF
Gross rent
$84.4K $20.40/SF
− Vacancy
−$4.6K −$1.12/SF
EGI
$79.7K $19.28/SF
− OpEx
−$23.9K −$5.78/SF
NOI
$55.8K $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%
$1,116,280
Cap Rate 7%
$797,343
Cap Rate 9%
$620,156
Alternative Uses
Best Use
Multifamily LT 5
$797.3K
$697.7K – $930.2K
NOI $55,814 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$742.5K
$649.7K – $866.3K
NOI $51,975 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$1.02M
$888.7K – $1.18M
NOI $71,098 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,823
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 - Each residence has three bedrooms and one full bathroom, with separate utilities serving the units.
Where is this triplex located?
The property is located at 217 Spruce Street Manchester, NH.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 1 full bathroom; 4,136 square feet on a 0.8‑acre lot; All units currently rented
