Four-Unit Property with Three-Car
317 Prospect St, Manchester, NH 03104
For Sale
New
$649,900
Hardwood flooring, updated roof, and hardwired smoke detectors serve this multifamily asset.
Property Size2,484 SF
Price / SF$261.63
Days on Market2
Property Features for 317 Prospect St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Jason Bellaud Of Laer Realty Partners/Goffstown
Listed By:
Dempsey Realty Group
(603) 321-5891
Source:
Dempseyteam
Added: Nov 8
Last Checked: Nov 8 at 3:10PM
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 Jason Bellaud Of Laer Realty Partners/Goffstown
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Investment Insights
Based on property information with market context.
This 1932 quadplex contains 2,484 square feet and includes a three-car garage. Interior finishes include hardwood floors, with laminate flooring in the kitchens. The property also has a new roof and newly hardwired smoke detectors.
The sale excludes 313 Prospect Street; that parcel is not part of the offering.
The sale excludes 313 Prospect Street; that parcel is not part of the offering.
Key Highlights
- Four‑family property with 2,484 square feet
- Three‑car garage
- New roof and newly hardwired smoke detectors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,521
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,420
$670.4K
Cap Rate 7%
$478,871
$478.9K
Cap Rate 9%
$372,456
$372.5K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$50.7K $20.40/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$47.9K $19.28/SF
− OpEx
−$14.4K −$5.78/SF
NOI
$33.5K $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%
$670,420
Cap Rate 7%
$478,871
Cap Rate 9%
$372,456
Alternative Uses
Best Use
Multifamily LT 5
$478.9K
$419.0K – $558.7K
NOI $33,521 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$445.9K
$390.2K – $520.3K
NOI $31,215 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$610.0K
$533.8K – $711.7K
NOI $42,700 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
568
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
Frequently Asked Questions
What type of property is this?
Quadplex - Hardwood flooring, updated roof, and hardwired smoke detectors serve this multifamily asset.
Where is this quadplex located?
The property is located at 317 Prospect St Manchester, NH.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four‑family property with 2,484 square feet; Three‑car garage; New roof and newly hardwired smoke detectors
