Duplex with Fenced
32 Mitchell St, Manchester, NH 03103
For Sale
$495,000
Two residential units with separate bedroom layouts, tenant-paid utilities, and outdoor storage on a maintained lot.
Property Size2,071 SF
Price / SF$239.01
Days on Market53
Property Features for 32 Mitchell St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Amenities
private deck
large fenced in yard
detached shed
large enclosed front porch
laundry hook-ups
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty Bedford NH
Listed By:
Kimberly Florence
(603) 582-8513
Source:
Carolslocum
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 5:13PM
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 Coldwell Banker Realty Bedford NH
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Investment Insights
Based on property information with market context.
This 2,071-square-foot duplex, built in 1915, includes two residential units with distinct layouts. The first-floor residence offers three bedrooms, one bathroom, and a private deck; the second-floor unit includes two bedrooms and one bathroom. Both units have access to updated heating systems, an updated hot water tank, laundry hookups, and a large enclosed front porch. Vinyl siding adds to the exterior package.
The property includes a fenced yard, detached shed, and a newer driveway with parking for 4+ vehicles. Long-term tenants occupy the units and pay all utilities. Located at 32 Mitchell St in Manchester, the property is near shopping and highway access.
The property includes a fenced yard, detached shed, and a newer driveway with parking for 4+ vehicles. Long-term tenants occupy the units and pay all utilities. Located at 32 Mitchell St in Manchester, the property is near shopping and highway access.
Key Highlights
- Two‑unit duplex with 2,071 square feet of living area
- First‑floor unit includes 3 bedrooms, 1 bathroom, and a private deck
- Second‑floor unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,947
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,940
$558.9K
Cap Rate 7%
$399,243
$399.2K
Cap Rate 9%
$310,522
$310.5K
Market Conditions
NOI Build-Up for 2,071 SF
Gross rent
$42.2K $20.40/SF
− Vacancy
−$2.3K −$1.12/SF
EGI
$39.9K $19.28/SF
− OpEx
−$12.0K −$5.78/SF
NOI
$27.9K $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%
$558,940
Cap Rate 7%
$399,243
Cap Rate 9%
$310,522
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.8K
NOI $27,947 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$371.8K
$325.3K – $433.8K
NOI $26,025 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$508.6K
$445.0K – $593.3K
NOI $35,600 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Manchester, NH
Properties on Market for Duplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with separate bedroom layouts, tenant-paid utilities, and outdoor storage on a maintained lot.
Where is this duplex located?
The property is located at 32 Mitchell St Manchester, NH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,071 square feet of living area; First‑floor unit includes 3 bedrooms, 1 bathroom, and a private deck; Second‑floor unit offers 2 bedrooms and 1 bathroom
