3-Unit Triplex with Bonus
For Sale
$599,900
Pending
267 Cartier Street, Manchester, NH 03102
Three vacant apartments have separate utility meters and off-street parking.
Property Size2,706 SF
Days on Market21
Property Features for 267 Cartier Street
General Information
Standard status
Pending
Size
2,706 SF
Total Parking Spaces
5
Property subtype
Multifamily
Site & Location
Neighborhood
Notre Dame
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
1930
Listing Agency:
Irving Realty
(800) 316-3350
Listed By:
Raenna Leandro · License #Raenna S Leandro
Source:
Anotchaboverealestate
Added: Oct 12
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 Irving Realty
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Investment Insights
Based on property information with market context.
This 2,706-square-foot triplex, built in 1930, contains three vacant apartments. Each has two bedrooms and one bathroom; the third-floor unit also includes a bonus room. Separate utility meters serve all three units, and a driveway accommodates five cars for off-street parking.
The property is at 267 Cartier Street in Manchester, directly behind CMC Hospital. Gossler Park Elementary, Middle School at Parkside, and Manchester High School West are within a five-minute drive. Downtown Manchester, shopping, dining, everyday services, and major commuter routes are also minutes away.
The property is at 267 Cartier Street in Manchester, directly behind CMC Hospital. Gossler Park Elementary, Middle School at Parkside, and Manchester High School West are within a five-minute drive. Downtown Manchester, shopping, dining, everyday services, and major commuter routes are also minutes away.
Key Highlights
- Three vacant apartments, each with 2 bedrooms and 1 bathroom
- Third‑floor apartment includes an additional bonus room
- 2,706 square feet; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,516
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,320
$730.3K
Cap Rate 7%
$521,657
$521.7K
Cap Rate 9%
$405,733
$405.7K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$55.2K $20.40/SF
− Vacancy
−$3.0K −$1.12/SF
EGI
$52.2K $19.28/SF
− OpEx
−$15.6K −$5.78/SF
NOI
$36.5K $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%
$730,320
Cap Rate 7%
$521,657
Cap Rate 9%
$405,733
Alternative Uses
Best Use
Multifamily LT 5
$521.7K
$456.5K – $608.6K
NOI $36,516 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$485.8K
$425.1K – $566.8K
NOI $34,005 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$664.5K
$581.5K – $775.3K
NOI $46,516 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,645
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three vacant apartments have separate utility meters and off-street parking.
Where is this triplex located?
The property is located at 267 Cartier Street Manchester, NH.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three vacant apartments, each with 2 bedrooms and 1 bathroom; Third‑floor apartment includes an additional bonus room; 2,706 square feet; built in 1930
