Fully Leased 9-Unit Apartment
269 Cedar Street Manchester, NH 03103
269 Cedar Street, Manchester, NH, 03103
$2,295,000
For Sale
$2,295,000
A nine-unit multifamily property with six four-bedroom units and three three-bedroom units, fully leased.
Property Size10,215 SF
Price / SF$224.67
Days on Market35
Property Features for 269 Cedar Street
General Information
- Standard status
- Active
- Size
- 10,215 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
MFH Realty
Listed by
Craig Labrecque
(603) 673-7314
Source
Proctorandgreene
Added: Jun 17 Updated: Jul 20 at 5:19PM Checked: Jul 21 at 6:52AM
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 MFH Realty
Investment Insights
Based on property information with market context.
Located at 269–273 Cedar Street in Manchester, this fully leased nine-unit apartment building features six four-bedroom apartments and three three-bedroom apartments, creating a mixed bedroom-count configuration. Tenants are responsible for their own heat, hot water, and electricity, which can help keep operating expenses controlled.
The property’s current Certificate of Occupancy is valid through May 15, 2028, providing continuity for the next owner.
The property’s current Certificate of Occupancy is valid through May 15, 2028, providing continuity for the next owner.
Key Highlights
- Fully leased 9‑unit multifamily at 269‑273 Cedar Street
- Unit mix: six 4‑bedroom apartments and three 3‑bedroom apartments
- Certificate of Occupancy valid through May 15, 2028
Local 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 | $245.2k | $24.00 |
| − Vacancy | −$11.8k | −$1.15 |
| EGI | $233.4k | $22.85 |
| − OpEx | −$105.0k | −$10.28 |
| NOI | $128.4k | $12.57 |
10,215 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,366 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.93M
NOI $175,596 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - A nine-unit multifamily property with six four-bedroom units and three three-bedroom units, fully leased.
Where is this apartment building located?
The property is located at 269 Cedar Street Manchester, NH.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Fully leased 9‑unit multifamily at 269‑273 Cedar Street; Unit mix: six 4‑bedroom apartments and three 3‑bedroom apartments; Certificate of Occupancy valid through May 15, 2028
