4-Unit Multifamily
New
For Sale
$775,000
274 E High Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size2,471 SF
Lot Size0.16 Acres
Price / SF$313.64
Days on Market2
Property Features for 274 E High Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family R2
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 3, Bedroom 7
Lot features
City Lot
Middle school
Hillside Middle School
High school
Central High School
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Standard status
Active
Size
2,471 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7070
Utilities
Heating system
Electric (Heating), Natural Gas
Water source
Public
Amenities
washer/dryer hookups
yard
storage shed
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Next Level
(603) 262-3500
Listed By:
Nikki Kalantzis
(603) 389-6604
Added: Oct 19
Last Checked: Oct 20 at 3:06AM
MLS# 5114846
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 2,471 square feet across four apartments: one with three bedrooms, one with two, and two with one bedroom each. One of the one-bedroom units includes an additional room that could be converted to a second bedroom. The building dates to 1920 and has a shingle roof, wood-frame construction, electric and natural gas heating, and a basement with washer and dryer hookups. A storage shed and yard are also part of the property.
The 0.16-acre site is in Manchester, New Hampshire, at 274 E High Street. Public water serves the property, and off-street parking is available. The zoning is Multi Family R2.
The 0.16-acre site is in Manchester, New Hampshire, at 274 E High Street. Public water serves the property, and off-street parking is available. The zoning is Multi Family R2.
Key Highlights
- Four‑unit property with 2,471 square feet
- Apartment mix: one 3‑bedroom, one 2‑bedroom, and two 1‑bedroom units
- One 1‑bedroom apartment has an additional room with potential for a second bedroom
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.
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Open Analytics
Lease Details
4
Residential units
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 - Four separate apartments offer a range of bedroom configurations, with utilities metered separately.
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‑unit property with 2,471 square feet; Apartment mix: one 3‑bedroom, one 2‑bedroom, and two 1‑bedroom units; One 1‑bedroom apartment has an additional room with potential for a second bedroom
