Multifamily
For Sale
$550,000
223 Green St, Manchester, NH 03103
The Manchester building offers 3,770 square feet for multifamily use.
Property Size3,770 SF
Price / SF$145.89
Days on Market25
Property Features for 223 Green St
General Information
Standard status
Active
Size
3,770 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Kalivas/ Union
Taxes and HOA fees
Annual Taxes
$7,322
Building Details
Tenancy
Multi
Listing Agency:
EXP Realty
(888) 398-7062
Listed By:
Hvizda Realty Group
(603) 557-6661
Source:
Exprealty
Added: Oct 8
Changed: Oct 29
Last Checked: Oct 30 at 4:42PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
Located at 223 Green St in Manchester, New Hampshire, this multifamily property contains 3,770 square feet. Its residential income classification supports multifamily use.
Key Highlights
- 3,770 square feet of building area
- Located at 223 Green St in Manchester, NH
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,375
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,500
$947.5K
Cap Rate 7%
$676,786
$676.8K
Cap Rate 9%
$526,389
$526.4K
Market Conditions
NOI Build-Up for 3,770 SF
Gross rent
$90.5K $24.00/SF
− Vacancy
−$4.3K −$1.15/SF
EGI
$86.1K $22.85/SF
− OpEx
−$38.8K −$10.28/SF
NOI
$47.4K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,500
Cap Rate 7%
$676,786
Cap Rate 9%
$526,389
Alternative Uses
Best Use
Apartment 5plus
$676.8K
$592.2K – $789.6K
NOI $47,375 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$925.8K
$810.1K – $1.08M
NOI $64,806 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,255
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
Frequently Asked Questions
What type of property is this?
Multifamily property - The Manchester building offers 3,770 square feet for multifamily use.
Where is this multifamily property located?
The property is located at 223 Green St Manchester, NH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,770 square feet of building area; Located at 223 Green St in Manchester, NH
