Side-by-Side Duplex with Fenced
New
For Sale
$570,000
22 Taylor Street, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size2,304 SF
Lot Size0.21 Acres
Price / SF$247.40
Days on Market1
Property Features for 22 Taylor Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch, Deck
Exterior features
Deck, Partial Fence, Covered Porch
Fencing
Partial
Lot features
Level
Directions
S Mapple St to Ciley Rd to S Taylor St
Standard status
Active
Size
2,304 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6598
Utilities
Utilities
Cable Available
Heating system
Other (Heating), Natural Gas
Water source
Public
Amenities
front porch
yard
private fenced-in area
washer and dryer
Building Details
Year built
1941
Floors in Building
3
Number of units
2
Flooring type
Vinyl
Building materials
Stucco Exterior
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Next Level
(603) 262-3500
Listed By:
Ryan Kalantzis
(603) 389-6604
Added: Sep 16
Last Checked: Sep 16 at 5:06PM
MLS# 5109968
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.
Located at 22 Taylor Street in Manchester, this side-by-side duplex contains 2,304 square feet on a 0.21-acre lot and was built in 1941. Each residence includes two bedrooms, separate front and rear entrances, and fresh interior paint. One unit also has an additional room suitable for flexible household use, while both sides include updated bathroom work and dedicated laundry appliances.
Outdoor features include a covered front porch, deck, partial fencing, and a fenced area within the rear yard. Off-street parking accommodates 4+ vehicles. The property is served by public water, has natural gas heating, a shingle roof, stucco exterior, and Residential zoning. Its two-unit layout supports separate living arrangements within one multifamily property.
Outdoor features include a covered front porch, deck, partial fencing, and a fenced area within the rear yard. Off-street parking accommodates 4+ vehicles. The property is served by public water, has natural gas heating, a shingle roof, stucco exterior, and Residential zoning. Its two-unit layout supports separate living arrangements within one multifamily property.
Key Highlights
- Two‑unit side‑by‑side duplex with 2,304 square feet
- 0.21‑acre lot with a large rear yard and fenced area
- Each unit has separate front and rear entrances
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate entrances, updated bathrooms, and off-street parking support flexible occupancy.
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: Two‑unit side‑by‑side duplex with 2,304 square feet; 0.21‑acre lot with a large rear yard and fenced area; Each unit has separate front and rear entrances
