Three-Unit Residential Income
266 Douglas Street Manchester, NH 03102
266 Douglas Street, Manchester, NH, 03102
$544,000
For Sale
$544,000
Three-family building with two occupied units, featuring newer Rinnai wall heaters and hot water heaters in two units.
Property Size2,524 SF
Price / SF$215.53
Days on Market95
Property Features for 266 Douglas Street
General Information
- Standard status
- Active
- Size
- 2,524 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1888
Listing agency
Downtown Realty
Listed by
Matthew Lefebvre
(603) 763-6033
Source
Dolanre
Added: Apr 19 Updated: Jul 22 at 4:48AM Checked: Jul 22 at 4:48AM
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 Downtown Realty
Investment Insights
Based on property information with market context.
This three-family residential income property includes three separate units within a single multifamily building. Two units are currently occupied, and one unit has been renovated. Units 2 and 3 have newer Rinnai wall heaters and hot water heaters, while the remaining unit could benefit from cosmetic updates as it becomes vacant.
The property is located on Manchester’s West Side. The listing emphasizes a mix of current rental income and potential value through routine unit refreshes over time.
Ownership offers flexibility for a buyer looking to operate as an owner-occupant with additional rental income from the other units, or to add to a residential income portfolio.
The property is located on Manchester’s West Side. The listing emphasizes a mix of current rental income and potential value through routine unit refreshes over time.
Ownership offers flexibility for a buyer looking to operate as an owner-occupant with additional rental income from the other units, or to add to a residential income portfolio.
Key Highlights
- 3‑family property built in 1888 with two units currently occupied
- Two units feature newer Rinnai wall heaters and hot water heaters
- One unit has been renovated
Local Financial Insights For Multifamily LT 5
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 | $51.5k | $20.40 |
| − Vacancy | −$2.8k | −$1.12 |
| EGI | $48.7k | $19.28 |
| − OpEx | −$14.6k | −$5.78 |
| NOI | $34.1k | $13.49 |
2,524 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$486.6K
$425.8K – $567.7K
NOI $34,060 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$453.1K
$396.5K – $528.6K
NOI $31,718 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$619.8K
$542.4K – $723.1K
NOI $43,388 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family building with two occupied units, featuring newer Rinnai wall heaters and hot water heaters in two units.
Where is this triplex located?
The property is located at 266 Douglas Street Manchester, NH.
What is the asking price?
The asking price for this property is $544,000.
What are key features of this property?
This property features: 3‑family property built in 1888 with two units currently occupied; Two units feature newer Rinnai wall heaters and hot water heaters; One unit has been renovated
