6-Unit Apartment
237-239 Notre Dame Avenue, Manchester, NH 03102
For Sale
$975,000
Six one-bedroom apartments include heat, hot water, laundry hookups, and individual storage.
Property Size4,554 SF
Price / SF$214.10
Days on Market61
Property Features for 237-239 Notre Dame Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry hook-ups
individual storage units
large shed
Yes
Hardwood,Vinyl Plank
High Speed Intrnt Avail
Appliances Included,Deck,Heat Included,Laundry Hookup,Electric Range,Refrigerator
Appliances Included,Deck,Heat Included,Laundry Hookup,Electric Range,Refrigerator,Storage
Appliances Included,Deck,Heat Included,Electric Range,Refrigerator,Storage
6
3
1
4
Month to Month
Leased
Annual
4554
Walk-up
Full,Unfinished
13
White
Paved
Granite
Level,Other
Garden
Public
0.23
Off Street,Parking Spaces 1 - 10,Paved,Unassigned
Deck
Paved,Public
10019
56
7
Building Details
Year Built
Stories
Listing Agency:
Pierre Peloquin Realty
Listed By:
Lorraine Angelo
Source:
Coarealtygroup
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 8 at 7:25PM
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 Pierre Peloquin Realty
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Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 4,554 square feet across units with mirrored layouts and additional third-floor bonus rooms. Apartments have high ceilings, decks, laundry hookups, and individual storage; heat and hot water are included. The 0.23-acre site has paved parking, an overflow lot, and a large storage shed. The building dates to 1900 and received vinyl siding in 2018. Other documented improvements include a chimney liner installed in 2019, tandem 275-gallon oil tanks installed in 2022, and a 60-gallon hot water tank installed in 2026. The flat tar-and-gravel roof is routinely inspected, and the heating system is serviced annually.
Located at 237-239 Notre Dame Avenue in Manchester, the property is near highways, the West-side library, CMC Hospital, restaurants, and stores. The property is zoned RES.
Located at 237-239 Notre Dame Avenue in Manchester, the property is near highways, the West-side library, CMC Hospital, restaurants, and stores. The property is zoned RES.
Key Highlights
- Six apartments with one‑bedroom layouts; 4,554 square feet total
- 0.23‑acre site with paved parking and an overflow lot off Flaherty Lane
- Heat and hot water included; units have laundry hookups, decks, and individual storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,227
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,540
$1.1M
Cap Rate 7%
$817,529
$817.5K
Cap Rate 9%
$635,856
$635.9K
Market Conditions
NOI Build-Up for 4,554 SF
Gross rent
$109.3K $24.00/SF
− Vacancy
−$5.2K −$1.15/SF
EGI
$104.0K $22.85/SF
− OpEx
−$46.8K −$10.28/SF
NOI
$57.2K $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%
$1,144,540
Cap Rate 7%
$817,529
Cap Rate 9%
$635,856
Alternative Uses
Best Use
Apartment 5plus
$817.5K
$715.3K – $953.8K
NOI $57,227 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$978.5K – $1.30M
NOI $78,283 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,738
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
$309,400
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Manchester, NH
Properties on Market for Apartment buildings in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom apartments include heat, hot water, laundry hookups, and individual storage.
Where is this apartment building located?
The property is located at 237-239 Notre Dame Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six apartments with one‑bedroom layouts; 4,554 square feet total; 0.23‑acre site with paved parking and an overflow lot off Flaherty Lane; Heat and hot water included; units have laundry hookups, decks, and individual storage
