Two-Unit Duplex with
For Sale
Under Contract
$769,999
2484 Elm Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size3,322 SF
Lot Size0.13 Acres
Price / SF$231.79
Days on Market94
Property Features for 2484 Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
2 Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Basement
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Garden Space, Natural Shade, Covered Porch
Appliances
Gas Water Heater, Separate Water Heater
Lot features
Corner, Landscaped
Elementary school
Webster Elementary School
High school
Manchester Central High Sch
Elementary school district
Manchester School District
Middle school district
Manchester School District
High school district
Manchester School District
Standard status
Active Under Contract
Size
3,322 SF
Lot size
0.13 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9515
Utilities
Utilities
Cable Available
Heating system
Forced Air
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Clapboard Exterior
Roof type
Shingle
Architectural style
Federal
Buildings
1
Listing Agency:
Coldwell Banker Classic Realty · Coldwell Banker Real Estate
Listed By:
Michelle Gannon
(603) 647-5718
Added: Jul 28
Changed: Oct 24
Last Checked: Oct 29 at 4:06AM
MLS# 5102113
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 3322-square-foot duplex dates to 1920 and combines Federal architecture with updated interior features. The first-floor apartment provides approximately 1,340 square feet, two bedrooms, and direct outdoor access. The second residence occupies the upper two levels and offers nearly 2,000 square feet, four bedrooms, and two bathrooms. Hardwood, tile, and carpet flooring appear throughout, with forced-air heating and separate water heaters serving the property.
Set on a 0.13-acre corner lot in Manchester’s North End, the property includes a covered porch, landscaped outdoor areas, a paved driveway, and a detached two-car garage. Separate utilities and laundry spaces support independent apartment operation, while the full walkout basement adds storage or workshop capacity. Downtown Manchester, Elliot Hospital, Catholic Medical Center, shopping, restaurants, parks, and major highways are all described as minutes away.
Set on a 0.13-acre corner lot in Manchester’s North End, the property includes a covered porch, landscaped outdoor areas, a paved driveway, and a detached two-car garage. Separate utilities and laundry spaces support independent apartment operation, while the full walkout basement adds storage or workshop capacity. Downtown Manchester, Elliot Hospital, Catholic Medical Center, shopping, restaurants, parks, and major highways are all described as minutes away.
Key Highlights
- Two‑unit duplex with 3322 square feet of total property size
- First‑floor unit offers approximately 1,340 square feet and 2 bedrooms
- Upper residence spans the second and third floors with nearly 2,000 square feet and 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,829
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,580
$896.6K
Cap Rate 7%
$640,414
$640.4K
Cap Rate 9%
$498,100
$498.1K
Market Conditions
NOI Build-Up for 3,322 SF
Gross rent
$67.8K $20.40/SF
− Vacancy
−$3.7K −$1.12/SF
EGI
$64.0K $19.28/SF
− OpEx
−$19.2K −$5.78/SF
NOI
$44.8K $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%
$896,580
Cap Rate 7%
$640,414
Cap Rate 9%
$498,100
Alternative Uses
Best Use
Multifamily LT 5
$640.4K
$560.4K – $747.2K
NOI $44,829 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$596.4K
$521.8K – $695.8K
NOI $41,746 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$815.8K
$713.8K – $951.8K
NOI $57,105 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
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 - 1920 Federal-style home with separate utilities, dedicated laundry areas, and a full walkout basement.
Where is this duplex located?
The property is located at 2484 Elm Street Manchester, NH.
What is the asking price?
The asking price for this property is $769,999.
What are key features of this property?
This property features: Two‑unit duplex with 3322 square feet of total property size; First‑floor unit offers approximately 1,340 square feet and 2 bedrooms; Upper residence spans the second and third floors with nearly 2,000 square feet and 4 bedrooms
