Two-Unit Duplex with Rear
For Sale
$375,000
Pending
334 Massabesic ST, Manchester, NH 03103
R-2 zoning, newer heating systems, and off-street parking complement the two-unit residential layout.
Property Size1,667 SF
Days on Market162
Property Features for 334 Massabesic ST
General Information
Standard status
Pending
Size
1,667 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
R-2
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
rear deck
partially fenced yard
Building Details
Building Size
1,667 SF
Year Built
1905
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Christina Grover
(603) 965-5021
Source:
Hometown-team
Added: May 12
Changed: Sep 11
Last Checked: Aug 30 at 8:25PM
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
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Investment Insights
Based on property information with market context.
This 1,667-square-foot duplex, built in 1905, contains two one-bedroom, one-bath units. The first-floor residence is leased through November 2026, while the second-floor unit is vacant and identified for cosmetic updating. A rear deck, partially fenced yard, and two off-street parking spaces add practical exterior features.
Major property components include a 2-year-young architectural shingle roof, newer heating systems, and newer water heaters. The building is located just behind Elliot Hospital in Manchester, placing the property near a major medical facility. R-2 zoning supports the existing two-family configuration.
Major property components include a 2-year-young architectural shingle roof, newer heating systems, and newer water heaters. The building is located just behind Elliot Hospital in Manchester, placing the property near a major medical facility. R-2 zoning supports the existing two-family configuration.
Key Highlights
- Two one‑bedroom, one‑bath units in a 1,667 SF duplex
- First‑floor unit leased through November 2026
- Second‑floor unit is vacant and identified for cosmetic updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,495
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,900
$449.9K
Cap Rate 7%
$321,357
$321.4K
Cap Rate 9%
$249,944
$249.9K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$34.0K $20.40/SF
− Vacancy
−$1.9K −$1.12/SF
EGI
$32.1K $19.28/SF
− OpEx
−$9.6K −$5.78/SF
NOI
$22.5K $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%
$449,900
Cap Rate 7%
$321,357
Cap Rate 9%
$249,944
Alternative Uses
Best Use
Multifamily LT 5
$321.4K
$281.2K – $374.9K
NOI $22,495 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.1K
NOI $20,948 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$409.4K
$358.2K – $477.6K
NOI $28,656 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R-2 zoning, newer heating systems, and off-street parking complement the two-unit residential layout.
Where is this duplex located?
The property is located at 334 Massabesic ST Manchester, NH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units in a 1,667 SF duplex; First‑floor unit leased through November 2026; Second‑floor unit is vacant and identified for cosmetic updates
