Corner Two-Family
2484 Elm Street Manchester, NH 03104
New
For Sale
$785,000
MULTI_FAMILY - Federal - Manchester, NH
Property Size3,322 SF
Lot Size0.13 Acres
Price / SF$236.30
Days on Market2
Property Features for 2484 Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
2 Family
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Basement, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Garden Space, Natural Shade, Covered Porch
Appliances
Gas Water Heater, Separate Water Heater
Standard status
Active
Size
3,322 SF
Lot size
0.13 Acres
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
Tile, Hardwood, Carpet
Building materials
Clapboard Exterior
Roof type
Shingle
Architectural style
Federal
Listing Agency:
Coldwell Banker Classic Realty
(603) 647-5718
Listed By:
Michelle Gannon
(603) 647-5718
Added: Jul 28
Last Checked: Jul 29 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This two-family residence on a corner lot offers flexible living across three levels. The first-floor owner’s unit is updated and features two bedrooms and approximately 1,340 square feet of living space, with direct access to outdoor living. The second unit spans the second and third floors, providing nearly 2,000 square feet with four bedrooms and two baths, plus additional flexible living space on the third floor. Both apartments include separate utilities and their own laundry areas. A full walkout basement adds storage or workshop space, and the property also features a detached two-car garage, a paved driveway, and a private backyard.
Zoned for 2-family use, the home is located in Manchester with access to downtown and nearby services, including Elliot Hospital, Catholic Medical Center, major highways, shopping, restaurants, and neighborhood parks.
Zoned for 2-family use, the home is located in Manchester with access to downtown and nearby services, including Elliot Hospital, Catholic Medical Center, major highways, shopping, restaurants, and neighborhood parks.
Key Highlights
- Two‑family Federal‑style home built in 1920 with clapboard exterior and shingle roof
- First‑floor owner unit offers approx. 1,340 SF with 2 bedrooms and modern updates
- Second unit spans the second and third floors with nearly 2,000 SF, 4 bedrooms, and 2 bathrooms
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.7k | $24.00 |
| − Vacancy | −$3.8k | −$1.15 |
| EGI | $75.9k | $22.85 |
| − OpEx | −$34.2k | −$10.28 |
| NOI | $41.7k | $12.57 |
3,322 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$596.4K
$521.8K – $695.8K
NOI $41,746 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$815.8K
$713.8K – $951.8K
NOI $57,105 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-family home with separate utilities and in-unit laundry, plus walkout basement and detached two-car garage.
Where is this multifamily property located?
The property is located at 2484 Elm Street Manchester, NH.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑family Federal‑style home built in 1920 with clapboard exterior and shingle roof; First‑floor owner unit offers approx. 1,340 SF with 2 bedrooms and modern updates; Second unit spans the second and third floors with nearly 2,000 SF, 4 bedrooms, and 2 bathrooms
