Three-Unit Residential Income
217 Spruce Street, Manchester, NH 03103
New
MULTI_FAMILY - Other - Manchester, NH
Property size:
4,136 SFLot size:
0.08 AcresPrice / SF:
$171/SF- Added:
- Jun 6, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 6 at 3:06 pm
Property Features for 217 Spruce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 9, Bedroom 1, Bedroom 7, Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 6, Bedroom 5
- Parking features
- Off Street, Assigned
- Appliances
- Natural Gas Water Heater, Owned Water Heater
- Standard status
- Active
- Size
- 4,136 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7731
Utilities
- Utilities
- Cable Available
- Heating system
- Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Vinyl, Hardwood, Carpet, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Tar/Gravel
- Architectural style
- Other
Listing agent Majlinda Shishko (603) 647-8000
Listing office RE/MAX Synergy One Constitution Drive, Goffstown, NH (603) 472-3900
Listing date Jun 6, 2026
MLS# 5093171
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.
HighLights
- All units are currently rented, providing income for the next owner.
- Multi‑family setup with each unit featuring 3 bedrooms and 1 full bathroom.
- 8 off‑street parking spaces plus assigned off‑street parking for residents and visitors.
- Public water supply; separate utilities are noted to help simplify management and maintenance.
- Heating includes hot water (heating) and baseboard; natural gas water heater listed.
- Wood‑frame construction with vinyl siding; tar/gravel roof; flooring includes vinyl, hardwood, carpet, and laminate.
Overview
This for-sale triplex offers three separate residential units, each with three bedrooms and one full bathroom. The units are described as having spacious rooms and functional layouts, and all units are currently rented. Separate utilities are in place, which can simplify day-to-day maintenance and help streamline budgeting and service coordination across the property. The exterior provides eight off-street parking spaces for residents and visitors.
Located in Manchester, New Hampshire, the property sits on a small lot and is positioned for convenient access to everyday needs. The listing notes proximity to shopping, restaurants, schools, public transportation, and major commuter routes.
Designed to fit both investor and owner-occupant goals, the property’s current occupancy supports immediate rental operations. With separate living spaces and separate utility arrangements, an owner can consider occupying one unit while continuing to receive rental income from the other units. The eight off-street parking spaces add practical value for tenants and guests, supporting day-to-day usability for a multi-family setup.
Located in Manchester, New Hampshire, the property sits on a small lot and is positioned for convenient access to everyday needs. The listing notes proximity to shopping, restaurants, schools, public transportation, and major commuter routes.
Designed to fit both investor and owner-occupant goals, the property’s current occupancy supports immediate rental operations. With separate living spaces and separate utility arrangements, an owner can consider occupying one unit while continuing to receive rental income from the other units. The eight off-street parking spaces add practical value for tenants and guests, supporting day-to-day usability for a multi-family setup.
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 | $84.4k | $20.40 |
| − Vacancy | −$4.6k | −$1.12 |
| EGI | $79.7k | $19.28 |
| − OpEx | −$23.9k | −$5.78 |
| NOI | $55.8k | $13.49 |
4,136 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$797.3K
$697.7K – $930.2K
NOI $55,814 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$742.5K
$649.7K – $866.3K
NOI $51,975 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$1.02M
$888.7K – $1.18M
NOI $71,098 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4546652
- Latitude
- 42.9864048
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex with 3-bedroom, 1-bath units, separate utilities, and eight off-street parking spaces, currently fully rented.
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 $710,000.
What are key features of this property?
This property features: All units are currently rented, providing income for the next owner.; Multi‑family setup with each unit featuring 3 bedrooms and 1 full bathroom.; 8 off‑street parking spaces plus assigned off‑street parking for residents and visitors.
