Three-Story Residential Income
308 Bartlett Street Manchester, NH 03102
308 Bartlett Street, Manchester, NH, 03102
$625,000
For Sale
$625,000
Three-story duplex with generous parking, a partially fenced yard, and multiple washer/dryer hookups in the basement.
Property Size2,183 SF
Price / SF$286.30
Days on Market83
Property Features for 308 Bartlett Street
General Information
- Standard status
- Active
- Size
- 2,183 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams Realty-Metropolitan
Listed by
T.j. Potter
(603) 763-4932
Source
Harborlightrealty
Added: Apr 27 Checked: Jun 11 at 2:37 am
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
This three-story residential income duplex is nicely laid out and includes off-street parking for 3+ cars plus a large back yard that is partially fenced in. There are washer and dryer hookups for three sets located in the basement. The first floor unit includes a third bedroom without a closet. First and third floor units are currently vacant, offering flexibility for owner-occupant buyers while still maintaining income potential.
The building is a few blocks from Parkside Middle School and Gossler Park Elementary School, and it is within walking distance to Piscataqua River Park.
From a leasing and occupancy standpoint, the home’s configuration can support a house-hack style living arrangement with one unit used by the owner and others used for rental. Tenants are responsible for heat and electric, which can simplify monthly expense management. The vacant first and third floor units may also appeal to buyers who want the option to update and move into a space while keeping the overall property functional as a residential income asset.
The building is a few blocks from Parkside Middle School and Gossler Park Elementary School, and it is within walking distance to Piscataqua River Park.
From a leasing and occupancy standpoint, the home’s configuration can support a house-hack style living arrangement with one unit used by the owner and others used for rental. Tenants are responsible for heat and electric, which can simplify monthly expense management. The vacant first and third floor units may also appeal to buyers who want the option to update and move into a space while keeping the overall property functional as a residential income asset.
Key Highlights
- 3‑story duplex built in 1920 with first- and third‑floor units currently vacant for owner‑occupied buyers
- Tenants pay heat and electric
- Includes 3 sets of washer and dryer hookups in the basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $20.40 |
| − Vacancy | −$2.4k | −$1.12 |
| EGI | $42.1k | $19.28 |
| − OpEx | −$12.6k | −$5.78 |
| NOI | $29.5k | $13.49 |
2,183 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $491.0K
NOI $29,459 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$391.9K
$342.9K – $457.2K
NOI $27,432 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$536.1K
$469.1K – $625.4K
NOI $37,526 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-story duplex with generous parking, a partially fenced yard, and multiple washer/dryer hookups in the basement.
Where is this duplex located?
The property is located at 308 Bartlett Street Manchester, NH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3‑story duplex built in 1920 with first- and third‑floor units currently vacant for owner‑occupied buyers; Tenants pay heat and electric; Includes 3 sets of washer and dryer hookups in the basement
