4-Unit Multifamily
For Sale
$775,000
274 E High Street, Manchester, NH 03104
Separate utilities, natural gas service, basement laundry hookups, and off-street parking support the property's residential configuration.
Property Size2,471 SF
Price / SF$313.64
Days on Market9
Property Features for 274 E High Street
General Information
Standard status
Active
Size
2,471 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Corey Square
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR, 2 x 1BR
Multifamily Units
4
Amenities
washer and dryer hookups
yard
storage shed
off-street parking
Building Details
Year Built
1920
Listing Agency:
Realty One Group Next Level
Listed By:
Nikki Kalantzis
(603) 389-6604
Source:
Burkelordrealestate
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 11:22AM
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 Realty One Group Next Level
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Investment Insights
Based on property information with market context.
This 2,471-square-foot multifamily property, built in 1920, contains four apartments: one with three bedrooms, one with two, and two with one bedroom each. One of the one-bedroom units also has an additional room that could be converted to a second bedroom. Separate utilities serve the units, and the building has natural gas and a newer roof.
Basement washer and dryer hookups, a yard, a storage shed, and off-street parking are also part of the property.
Basement washer and dryer hookups, a yard, a storage shed, and off-street parking are also part of the property.
Key Highlights
- Four apartments with a 3‑bedroom, 2‑bedroom, and two 1‑bedroom layouts
- One 1‑bedroom apartment includes an additional room with potential for conversion to a second bedroom
- 2,471 square feet; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,345
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,900
$666.9K
Cap Rate 7%
$476,357
$476.4K
Cap Rate 9%
$370,500
$370.5K
Market Conditions
NOI Build-Up for 2,471 SF
Gross rent
$50.4K $20.40/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$47.6K $19.28/SF
− OpEx
−$14.3K −$5.78/SF
NOI
$33.3K $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%
$666,900
Cap Rate 7%
$476,357
Cap Rate 9%
$370,500
Alternative Uses
Best Use
Multifamily LT 5
$476.4K
$416.8K – $555.8K
NOI $33,345 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$443.6K
$388.2K – $517.5K
NOI $31,052 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$606.8K
$531.0K – $707.9K
NOI $42,476 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
Explore this area
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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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?
Quadplex - Separate utilities, natural gas service, basement laundry hookups, and off-street parking support the property's residential configuration.
Where is this quadplex located?
The property is located at 274 E High Street Manchester, NH.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four apartments with a 3‑bedroom, 2‑bedroom, and two 1‑bedroom layouts; One 1‑bedroom apartment includes an additional room with potential for conversion to a second bedroom; 2,471 square feet; built in 1920
