Side-by-Side Duplex with Large
For Sale
$570,000
22 Taylor Street, Manchester, NH 03103
Two-family property with updated interiors, separate entrances, in-unit laundry, and outdoor space for residents.
Property Size2,304 SF
Price / SF$247.40
Days on Market16
Property Features for 22 Taylor Street
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR+bonus, 1 x 2BR
Multifamily Units
2
Amenities
front porch
private fenced-in area
washer and dryer
Building Details
Year Built
1941
Buildings
1
Listing Agency:
Realty One Group Next Level
Listed By:
Ryan Kalantzis
(603) 548-5315
Source:
Burkelordrealestate
Added: Sep 10
Changed: Sep 24
Last Checked: Sep 24 at 10:28AM
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
Investment Insights
Based on property information with market context.
Located at 22 Taylor Street in Manchester, this 2,304-square-foot duplex offers a side-by-side two-family layout built in 1941. Each unit includes two bedrooms, separate front and rear entrances, fresh paint, and a recently updated bathroom. Unit 2 also provides an additional room for flexible use, a large living room, and its own washer and dryer. Unit 1 has a new washer and dryer.
Exterior features include a front porch, parking for 4+ vehicles, and a substantial rear yard with a private fenced-in section. The separate entrances and two-unit configuration support owner-occupant use or continued operation as a residential income property.
Exterior features include a front porch, parking for 4+ vehicles, and a substantial rear yard with a private fenced-in section. The separate entrances and two-unit configuration support owner-occupant use or continued operation as a residential income property.
Key Highlights
- 2,304 SF side‑by‑side duplex built in 1941
- Each unit includes 2 bedrooms and separate front and rear entrances
- Unit 2 has an additional flexible‑use room and its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$621,840
$621.8K
Cap Rate 7%
$444,171
$444.2K
Cap Rate 9%
$345,467
$345.5K
Market Conditions
NOI Build-Up for 2,304 SF
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.
Gross rent
$47.0K $20.40/SF
− Vacancy
−$2.6K −$1.12/SF
EGI
$44.4K $19.28/SF
− OpEx
−$13.3K −$5.78/SF
NOI
$31.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$621,840
Cap Rate 7%
$444,171
Cap Rate 9%
$345,467
Alternative Uses
Best Use
Multifamily LT 5
$444.2K
$388.7K – $518.2K
NOI $31,092 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 5.08%
Theoretical Best
Specialty Retail
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with updated interiors, separate entrances, in-unit laundry, and outdoor space for residents.
Where is this duplex located?
The property is located at 22 Taylor Street Manchester, NH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2,304 SF side‑by‑side duplex built in 1941; Each unit includes 2 bedrooms and separate front and rear entrances; Unit 2 has an additional flexible‑use room and its own washer and dryer
