Colonial Multifamily
227 Laval Street, Manchester, NH 03102
For Sale
$589,500
Natural gas service and a paved shared driveway are among the property's documented features.
Property Size2,886 SF
Price / SF$306.39
Days on Market14
Property Features for 227 Laval Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Concrete, Finished, Full, Partially Finished
Paved, Shared Driveway
Colonial, Multi-Family
Building Details
Building Size
Year Built
Stories
Listing Agency:
Coldwell Banker Realty
Listed By:
Blaise B Blouin
(603) 494-9798
Source:
Evrealestate
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 8 at 6:26AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This Colonial-style multifamily property at 227 Laval Street in Manchester, New Hampshire, was built in 1915. Interior features include natural gas and a full concrete basement with a partially finished area. The property has a paved shared driveway and is zoned Res.
Key Highlights
- Colonial‑style multifamily property
- Built in 1915
- Zoning: Res
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,178
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,560
$483.6K
Cap Rate 7%
$345,400
$345.4K
Cap Rate 9%
$268,644
$268.6K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$46.2K $24.00/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$44.0K $22.85/SF
− OpEx
−$19.8K −$10.28/SF
NOI
$24.2K $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%
$483,560
Cap Rate 7%
$345,400
Cap Rate 9%
$268,644
Alternative Uses
Best Use
Apartment 5plus
$345.4K
$302.2K – $403.0K
NOI $24,178 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.5K
$413.4K – $551.2K
NOI $33,074 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
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Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manchester, NH
Properties on Market for Residential income properties in Manchester
Frequently Asked Questions
What type of property is this?
Residential income property - Natural gas service and a paved shared driveway are among the property's documented features.
Where is this residential income property located?
The property is located at 227 Laval Street Manchester, NH.
What is the asking price?
The asking price for this property is $589,500.
What are key features of this property?
This property features: Colonial‑style multifamily property; Built in 1915; Zoning: Res
