Renovated Victorian Duplex with
For Sale
$739,000
Pending
283 Orange St, Manchester, NH 03104
Two-unit residence with garden grounds, fireplaces, and flexible upper-level rooms.
Property Size4,580 SF
Days on Market74
Property Features for 283 Orange St
General Information
Standard status
Pending
Size
4,580 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
patio
fire-pit
water fountain
wrap around front porch
private back porches
Building Details
Year Built
1891
Buildings
1
Construction
Victorian
Listing Agency:
Century 21 Dumont and Assoc.
Listed By:
Richard Dumont · License #1995
(603) 668-5100
Source:
Nhhomesearches
Added: Aug 3
Changed: Oct 1
Last Checked: Oct 14 at 11:13PM
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 Century 21 Dumont and Assoc.
Investment Insights
Based on property information with market context.
Built in 1891, this 4,580-square-foot Victorian duplex includes two full basements, separate back porches, and a renovated wraparound front porch. Exterior improvements include repointed granite block foundation and chimneys, a reset slate roof with replaced valleys and ridges, and refreshed outdoor areas with a retaining wall, patio, fire pit, water fountain, planter beds, and perennial landscaping.
The owner’s unit features original tin ceiling details, restored hardwood flooring, a renovated first-floor three-quarter bath, and an open arrangement connecting the kitchen, dining area, and family/living rooms. The second floor has three bedrooms and a full bath, while the third floor contains six rooms spanning the building; three are used as bedrooms in the owner’s unit and three above the tenant unit are used for storage. Located in Manchester’s North End near shopping, dining, parks, schools, downtown amenities, and major commuter routes.
The owner’s unit features original tin ceiling details, restored hardwood flooring, a renovated first-floor three-quarter bath, and an open arrangement connecting the kitchen, dining area, and family/living rooms. The second floor has three bedrooms and a full bath, while the third floor contains six rooms spanning the building; three are used as bedrooms in the owner’s unit and three above the tenant unit are used for storage. Located in Manchester’s North End near shopping, dining, parks, schools, downtown amenities, and major commuter routes.
Key Highlights
- 4,580‑square‑foot two‑family property built in 1891
- Renovated wraparound porch plus two private rear porches
- Owner’s unit includes 3 bedrooms, full bath, and 3/4 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,805
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,100
$1.2M
Cap Rate 7%
$882,929
$882.9K
Cap Rate 9%
$686,722
$686.7K
Market Conditions
NOI Build-Up for 4,580 SF
Gross rent
$93.4K $20.40/SF
− Vacancy
−$5.1K −$1.12/SF
EGI
$88.3K $19.28/SF
− OpEx
−$26.5K −$5.78/SF
NOI
$61.8K $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%
$1,236,100
Cap Rate 7%
$882,929
Cap Rate 9%
$686,722
Alternative Uses
Best Use
Multifamily LT 5
$882.9K
$772.6K – $1.03M
NOI $61,805 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$822.2K
$719.4K – $959.2K
NOI $57,554 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$1.12M
$984.1K – $1.31M
NOI $78,730 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,684
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with garden grounds, fireplaces, and flexible upper-level rooms.
Where is this duplex located?
The property is located at 283 Orange St Manchester, NH.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 4,580‑square‑foot two‑family property built in 1891; Renovated wraparound porch plus two private rear porches; Owner’s unit includes 3 bedrooms, full bath, and 3/4 bath
