Two-Unit Duplex with Bonus
New
For Sale
$589,500
227 Laval Street, Manchester, NH 03102
Multi-Family, Manchester, NH
Property Size1,924 SF
Lot Size0.10 Acres
Price / SF$306.39
Days on Market3
Property Features for 227 Laval Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1
Lot features
City Lot, Curbing, Level, Street Lights, Near Shopping, Neighborhood, Near Public Transport, Near School(s)
Directions
Use address listred for GPS coordinates.
Standard status
Active
Size
1,924 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5898
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Water source
Public
Amenities
storage areas
washer and dryer hookups
outdoor space
Building Details
Year built
1915
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Architectural style
Colonial
Buildings
1
Listing Agency:
Coldwell Banker Realty Bedford NH · Coldwell Banker Real Estate
(603) 471-0777
Listed By:
Blaise Blouin
(603) 848-9559
Added: Oct 27
Last Checked: Oct 29 at 12:06AM
MLS# 5115915
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.
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Investment Insights
Based on property information with market context.
This 1915-built duplex contains two residential units with a combined 4 bedrooms and 2 bathrooms across 1,924 square feet. The first-floor residence has been updated, and a finished bonus room occupies part of the lower level. Storage areas and washer and dryer hookups add functional space. Parking is available on site, with outdoor space also included.
Both units are currently leased. Tenants are responsible for their own heat and electricity. The property is located near shopping, restaurants, schools, downtown Manchester amenities, and major commuter routes. Public water is available, and the zoning is listed as Res.
Both units are currently leased. Tenants are responsible for their own heat and electricity. The property is located near shopping, restaurants, schools, downtown Manchester amenities, and major commuter routes. Public water is available, and the zoning is listed as Res.
Key Highlights
- Two residential units with 4 bedrooms and 2 bathrooms combined
- 1,924 square feet of living space on a 0.1‑acre lot
- Finished lower‑level bonus room and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,964
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,280
$519.3K
Cap Rate 7%
$370,914
$370.9K
Cap Rate 9%
$288,489
$288.5K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$39.2K $20.40/SF
− Vacancy
−$2.2K −$1.12/SF
EGI
$37.1K $19.28/SF
− OpEx
−$11.1K −$5.78/SF
NOI
$26.0K $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 Rate 5%
$519,280
Cap Rate 7%
$370,914
Cap Rate 9%
$288,489
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.6K – $432.7K
NOI $25,964 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$345.4K
$302.2K – $403.0K
NOI $24,178 @ 7.0% cap · market cap 4.10%
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, and the property includes finished lower-level space.
Where is this duplex 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: Two residential units with 4 bedrooms and 2 bathrooms combined; 1,924 square feet of living space on a 0.1‑acre lot; Finished lower‑level bonus room and storage areas
