Multifamily Property in Manchester's North End

247 Walnut St, Manchester, NH 03104

View on Map

For Sale

$624,900

Well-maintained duplex in desirable location with income and value-add potential.

Type:Investment

Property size:

2,600 SF

Price / SF:

$240/SF

HighLights

Located in Manchester's desirable North End with a Walk Score of 91 (Walker's Paradise).
Well‑maintained multifamily property suitable for owner‑occupants or investors.
Two residential units, each approximately 1300 sq ft, both tenant occupied with private screened‑in porches.
Detached two‑car garage for storage or potential rental income.
Newer roof (3 years old) and heating systems (1 and 5 years old +/-).
Unfinished attic space offers potential for future expansion.

We can help!

Listing Contact

Jenn Poirier

Learn more

For Sale

$624,900

Well-maintained duplex in desirable location with income and value-add potential.

Type:Investment

Property size:

2,600 SF

Price / SF:

$240/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 4:43 pm

Property Features for 247 Walnut St

General Information

Standard status: Active
Size: 2,600 SF
Property subtype: Investment

Building Details

Year Built: 1901

We can help!

Listing Contact

Jenn Poirier

Listing agent Jenn Poirier

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Jenn Poirier

HighLights

Located in Manchester's desirable North End with a Walk Score of 91 (Walker's Paradise).
Well‑maintained multifamily property suitable for owner‑occupants or investors.
Two residential units, each approximately 1300 sq ft, both tenant occupied with private screened‑in porches.
Detached two‑car garage for storage or potential rental income.
Newer roof (3 years old) and heating systems (1 and 5 years old +/-).
Unfinished attic space offers potential for future expansion.

Overview

This well-maintained multifamily property is located in the desirable North End of Manchester. It presents an opportunity for both owner-occupants and investors. The property is configured as two residential units, each approximately 1300 square feet. One unit has two bedrooms and one bathroom, while the other has two bedrooms and two bathrooms. Both units are tenant occupied and feature private screened-in porches. A detached two-car garage provides additional storage. The roof is approximately 3 years old, and the heating systems are approximately 1 and 5 years old. There is unfinished attic space that presents potential for future expansion or additional living area, subject to due diligence, zoning review, and municipal approvals. Conceptual renderings are available for illustrative purposes. The property is located in a Walker's Paradise with a walk score of 91, and is somewhat bikeable with a bike score of 37.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$53.0k	$20.40
− Vacancy	−$2.9k	−$1.12
EGI	$50.1k	$19.28
− OpEx	−$15.0k	−$5.78
NOI	$35.1k	$13.49

2,600 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$501.2K

$438.6K – $584.8K (±1% cap)

NOI $35,086 @ 7.0% cap · market cap 5.61%

Second Best

Apartment 5plus

$466.8K

$408.4K – $544.6K (±1% cap)

NOI $32,673 @ 7.0% cap · market cap 5.23%

Theoretical Best

Specialty Retail

$638.5K

$558.7K – $744.9K (±1% cap)

NOI $44,694 @ 7.0% cap · market cap 7.15%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Manchester
County: Merrimack
State: New Hampshire
Longitude: -71.4576054
Latitude: 43.0017621

Nearby Similar for Sale

$1,899,900

11,120 SF

9-Unit Multifamily Residential Building

Nine residential units with washer and dryer hookups, offering an efficient 3-bedroom and 4-bedroom mix.

101-107 Putnam Street, Manchester, NH 03102

View Details
$850,000

4,320 SF

Four-Unit Multifamily Income Property

Four well-maintained units with separate utilities, off-street parking, and washer/dryer hookups, offering flexible month-to-month occupancy.

575 Summer Street, Manchester, NH 03103

View Details
$710,000

4,136 SF

Three-Unit Residential Income Property

Triplex with 3-bedroom, 1-bath units, separate utilities, and eight off-street parking spaces, currently fully rented.

217 Spruce Street, Manchester, NH 03103

View Details
$525,000

1,432 SF

Two-Family Residential Income Property

Well-maintained two-family home with one unit for owner occupancy and rental income from the second.

440 Gold Street, Manchester, NH 03103

View Details
$625,000

2,183 SF

Triplex with Fenced Back Yard

Three-story triplex offers off-street parking, a partially fenced yard, and multiple washer/dryer hookups in the basement.

308 Bartlett Street, Manchester, NH 03102

View Details
$569,900

2,080 SF

Updated Three-Unit Residential Property

Three renovated units offer income-generating living arrangements with refreshed flooring and modern interior finishes.

37 - 39 Mead Street, Manchester, NH 03104

View Details
$549,900

1,728 SF

North End Duplex with Updated Systems

Two 2-bedroom units with hardwood floors, garages, and updated heating and roof, with one unit currently vacant.

77 Merrow Street, Manchester, NH 03104

View Details
$637,500

2,252 SF

Updated Two-Family Residence with Porch

Newly updated two-unit home with screened porch, updated kitchens, vinyl replacement windows, and washer/dryer hook-ups in-unit.

78 Pennacook Street, Manchester, NH 03104

View Details
$675,000

2,478 SF

Three-Family Residential Income Property

Well-maintained three-family with separate basements, laundry, and parking, plus tenant-paid utilities for straightforward operations.

40 Morgan Street, Manchester, NH 03102

View Details
$1,050,000

5,178 SF

Six-Unit Residential Income Property

Six fully rented units with separate utilities and one parking space per unit, backed by valid COC through June 2027.

102 Orange Street, Manchester, NH 03104

View Details
$3,129,900

12,271 SF

Multi-Family Portfolio Opportunity

19-unit portfolio across three nearby properties offers a varied unit mix for rental housing in Manchester.

187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104

View Details
$425,000

2,026 SF

Two-Unit Craftsman Duplex

Updated duplex with off-street parking, fenced yard, and move-in-ready units—priced as a residential income property.

427 Wilson Street, Manchester, NH 03103

View Details

For sale
Duplexes
NH
Manchester
03104
247 Walnut St

What type of property is this?

Duplex - Well-maintained duplex in desirable location with income and value-add potential.

Where is this duplex located?

The property is located at 247 Walnut St Manchester, NH.

What is the asking price?

The asking price for this property is $624,900.

What are key features of this property?

This property features: Located in Manchester's desirable North End with a Walk Score of 91 (Walker's Paradise).; Well‑maintained multifamily property suitable for owner‑occupants or investors.; Two residential units, each approximately 1300 sq ft, both tenant occupied with private screened‑in porches.