Two-Unit Duplex with
New
For Sale
$475,000
301 Amherst Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size3,327 SF
Lot Size0.14 Acres
Price / SF$142.77
Days on Market2
Property Features for 301 Amherst Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Basement, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 1
Parking features
Garage, Driveway
Exterior features
Garden Space
Lot features
Near Hospital, Near School(s)
Standard status
Active
Size
3,327 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7433
Utilities
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1906
Floors in Building
3
Number of units
2
Flooring type
Vinyl, Hardwood, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Mark Lynch
(603) 647-8000
Added: Oct 5
Last Checked: Oct 6 at 3:06AM
MLS# 5112861
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.
Investment Insights
Based on property information with market context.
Built in 1906, this duplex contains two three-bedroom residences with nearly 1,300 square feet per unit. Interior finishes include hardwood, vinyl, and carpet flooring, while enclosed side porches extend the living areas. Three additional rooms occupy the third floor and are ready for finishing or remodeling. The property has vinyl siding and a slate roof.
At 301 Amherst Street in Manchester, the 0.14-acre parcel includes a two-car garage, paved parking for 2–3 additional vehicles, and garden space with mature trees. Separate utilities serve the residences, with natural-gas hot-water heating.
At 301 Amherst Street in Manchester, the 0.14-acre parcel includes a two-car garage, paved parking for 2–3 additional vehicles, and garden space with mature trees. Separate utilities serve the residences, with natural-gas hot-water heating.
Key Highlights
- Two three‑bedroom residences, each with nearly 1,300 sq. ft.
- 3,327‑square‑foot building on a 0.14‑acre lot
- Three third‑floor rooms ready for finishing or remodeling
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
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
Check the figures for this property
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 - Separate utilities and natural-gas hot-water heat serve both residences.
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 three‑bedroom residences, each with nearly 1,300 sq. ft.; 3,327‑square‑foot building on a 0.14‑acre lot; Three third‑floor rooms ready for finishing or remodeling
