Duplex with Accessibility
For Sale
$450,000
272 Lake Avenue, Manchester, NH 03103
The two-unit property has established renters and retains original character.
Property Size2,044 SF
Price / SF$220.16
Days on Market40
Property Features for 272 Lake Avenue
General Information
Standard status
Active
Size
2,044 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Kalivas/ Union
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
accessibility ramp
Building Details
Year Built
1911
Listing Agency:
EXP Realty
(888) 398-7062
Listed By:
Nicole Provencher · License #Nicole M Provencher
(603) 657-6622
Source:
Longviewcre
Added: Sep 23
Changed: Oct 28
Last Checked: Oct 28 at 4:07PM
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 EXP Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1911, this 2,044-square-foot duplex has two residential units and an accessibility ramp. The building retains original details, and established renters are in place. It has been maintained over the years while preserving much of its earlier character.
Located at 272 Lake Avenue in Manchester, New Hampshire, the property is offered for sale.
Located at 272 Lake Avenue in Manchester, New Hampshire, the property is offered for sale.
Key Highlights
- Two‑unit residential property
- 2,044 square feet
- Built in 1911
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,583
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,660
$551.7K
Cap Rate 7%
$394,043
$394.0K
Cap Rate 9%
$306,478
$306.5K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$41.7K $20.40/SF
− Vacancy
−$2.3K −$1.12/SF
EGI
$39.4K $19.28/SF
− OpEx
−$11.8K −$5.78/SF
NOI
$27.6K $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%
$551,660
Cap Rate 7%
$394,043
Cap Rate 9%
$306,478
Alternative Uses
Best Use
Multifamily LT 5
$394.0K
$344.8K – $459.7K
NOI $27,583 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$366.9K
$321.1K – $428.1K
NOI $25,686 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$501.9K
$439.2K – $585.6K
NOI $35,136 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,823
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property has established renters and retains original character.
Where is this duplex located?
The property is located at 272 Lake Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit residential property; 2,044 square feet; Built in 1911
