Tenant-Occupied
For Sale
$450,000
292 Main St, Manchester, NH 03102
Both residential units have long-term occupants, with a fenced yard and on-site parking.
Property Size1,720 SF
Price / SF$261.63
Days on Market17
Property Features for 292 Main St
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,611
Amenities
fenced in yard
Listing Agency:
EXP Realty
(888) 398-7062
Listed By:
Nicole M Provencher
(603) 657-6622
Source:
Exprealty
Added: Sep 20
Changed: Oct 3
Last Checked: Oct 4 at 3:51PM
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
Investment Insights
Based on property information with market context.
This 1,720-square-foot duplex contains two residential units, both occupied by long-term tenants. The property also includes a fenced yard and parking for approximately four cars.
The property is near a hospital, shopping, restaurants, and downtown Manchester.
The property is near a hospital, shopping, restaurants, and downtown Manchester.
Key Highlights
- Two‑unit duplex with 1,720 square feet
- Long‑term tenants occupy both units
- Fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,211
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,220
$464.2K
Cap Rate 7%
$331,586
$331.6K
Cap Rate 9%
$257,900
$257.9K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$35.1K $20.40/SF
− Vacancy
−$1.9K −$1.12/SF
EGI
$33.2K $19.28/SF
− OpEx
−$9.9K −$5.78/SF
NOI
$23.2K $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%
$464,220
Cap Rate 7%
$331,586
Cap Rate 9%
$257,900
Alternative Uses
Best Use
Multifamily LT 5
$331.6K
$290.1K – $386.9K
NOI $23,211 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$308.8K
$270.2K – $360.2K
NOI $21,614 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$422.4K
$369.6K – $492.8K
NOI $29,567 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residential units have long-term occupants, with a fenced yard and on-site parking.
Where is this duplex located?
The property is located at 292 Main St 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 duplex with 1,720 square feet; Long‑term tenants occupy both units; Fenced yard
