Two-Unit Duplex with
New
For Sale
$475,000
301 Amherst Street, Manchester, NH 03104
Both residences have separate utilities, including natural gas hot-water heating.
Property Size3,327 SF
Price / SF$142.77
Days on Market4
Property Features for 301 Amherst Street
General Information
Standard status
Active
Size
3,327 SF
Property subtype
Multi Family
Zoning
res
Property Condition
Severity
Repairs Needed
Evidence
ready for finishing or remodeling
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,433
Amenities
hardwood floors
enclosed side porches
side yard with mature trees
Building Details
Year Built
1906
Stories
3
Listing Agency:
RE/MAX Synergy
Listed By:
Mark Lynch
(603) 488-6260
Source:
Laerrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This 1906 duplex contains two residences, each with three bedrooms and nearly 1,300 square feet. Hardwood flooring and enclosed side porches are among the existing features. Each unit has separate utilities, with natural gas hot-water heating. Vinyl siding completes the exterior, and a two-car garage is joined by paved parking for two to three additional vehicles.
Three rooms on the third floor are available for finishing or remodeling. The space may be combined with the second-floor residence to form a townhouse-style layout. A side yard with mature trees provides additional outdoor space and privacy. The property is zoned residential and is located at 301 Amherst Street in Manchester, New Hampshire.
Three rooms on the third floor are available for finishing or remodeling. The space may be combined with the second-floor residence to form a townhouse-style layout. A side yard with mature trees provides additional outdoor space and privacy. The property is zoned residential and is located at 301 Amherst Street in Manchester, New Hampshire.
Key Highlights
- Two residences, each with 3 bedrooms and nearly 1,300 square feet
- Three unfinished third‑floor rooms could be combined with the second‑floor unit
- Separate utilities, including natural gas hot‑water heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,808
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,160
$836.2K
Cap Rate 7%
$597,257
$597.3K
Cap Rate 9%
$464,533
$464.5K
Market Conditions
NOI Build-Up for 3,327 SF
Gross rent
$79.8K $24.00/SF
− Vacancy
−$3.8K −$1.15/SF
EGI
$76.0K $22.85/SF
− OpEx
−$34.2K −$10.28/SF
NOI
$41.8K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,160
Cap Rate 7%
$597,257
Cap Rate 9%
$464,533
Alternative Uses
Best Use
Multifamily LT 5
$641.4K
$561.2K – $748.3K
NOI $44,897 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$597.3K
$522.6K – $696.8K
NOI $41,808 @ 7.0% cap · market cap 8.80%
Theoretical Best
Specialty Retail
$817.0K
$714.9K – $953.2K
NOI $57,191 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,046
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utilities, including natural gas hot-water heating.
Where is this duplex located?
The property is located at 301 Amherst Street Manchester, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and nearly 1,300 square feet; Three unfinished third‑floor rooms could be combined with the second‑floor unit; Separate utilities, including natural gas hot‑water heating
