Duplex with Attached
273 Walnut St, Manchester, NH 03104
For Sale
$569,900
Two-family property with separate utilities, updated exterior components, and flexible room layouts on both floors.
Property Size2,608 SF
Price / SF$218.52
Days on Market55
Property Features for 273 Walnut St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Godzyk Real Estate Services
Listed By:
Scott Godzyk
(603) 661-2121
Source:
Lawanaandcompany
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 5:22PM
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 Godzyk Real Estate Services
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Investment Insights
Based on property information with market context.
This two-family property contains 2,608 square feet arranged with four rooms on each floor. The larger fourth room on both levels may serve as a second bedroom, subject to applicable requirements. Each unit has separate utilities, and the building includes an attached 1-car garage.
Recent improvements include two brand-new water heaters, replacement exterior doors, new railings, and a rubber roof. Built in 1891, the property is located at 273 Walnut St in Manchester, New Hampshire.
Recent improvements include two brand-new water heaters, replacement exterior doors, new railings, and a rubber roof. Built in 1891, the property is located at 273 Walnut St in Manchester, New Hampshire.
Key Highlights
- 2,608‑square‑foot duplex with four rooms on each floor
- Large fourth room on each level can function as a second bedroom
- Attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,194
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,880
$703.9K
Cap Rate 7%
$502,771
$502.8K
Cap Rate 9%
$391,044
$391.0K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$53.2K $20.40/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$50.3K $19.28/SF
− OpEx
−$15.1K −$5.78/SF
NOI
$35.2K $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%
$703,880
Cap Rate 7%
$502,771
Cap Rate 9%
$391,044
Alternative Uses
Best Use
Multifamily LT 5
$502.8K
$439.9K – $586.6K
NOI $35,194 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$468.2K
$409.7K – $546.2K
NOI $32,773 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$640.5K
$560.4K – $747.2K
NOI $44,832 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,349
Businesses Nearby
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Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Manchester, NH
Properties on Market for Duplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate utilities, updated exterior components, and flexible room layouts on both floors.
Where is this duplex located?
The property is located at 273 Walnut St Manchester, NH.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: 2,608‑square‑foot duplex with four rooms on each floor; Large fourth room on each level can function as a second bedroom; Attached 1‑car garage
