Three-Unit Residential
For Sale
$615,000
334 Rimmon Street, Manchester, NH 03102
Multi-Family, Manchester, NH
Property Size2,594 SF
Lot Size0.12 Acres
Price / SF$237.09
Days on Market23
Property Features for 334 Rimmon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
On Street
Lot features
City Lot
Standard status
Active
Size
2,594 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6751
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
DiPietro Group Real Estate
(603) 216-5086
Listed By:
Joseph Pantaleo
(603) 327-9760
Added: Sep 14
Changed: Sep 24
Last Checked: Oct 6 at 2:06AM
MLS# 5109655
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 1920, this 2,594-square-foot triplex contains three apartments: one with two bedrooms and two with one bedroom each. One apartment is vacant, while the other two are occupied and have recently renewed leases. The property has forced-air heating, central air conditioning, a shingle roof, and public water. Its lot measures 0.12 acres, and parking is on the street.
Zoning is R. The vacant unit offers an owner-occupancy option, while the two leased apartments provide existing occupancy.
Zoning is R. The vacant unit offers an owner-occupancy option, while the two leased apartments provide existing occupancy.
Key Highlights
- Three apartments: one 2‑bedroom unit and two 1‑bedroom units
- 2,594 square feet on a 0.12‑acre lot
- One vacant unit; two occupied units with recently renewed leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,005
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,100
$700.1K
Cap Rate 7%
$500,071
$500.1K
Cap Rate 9%
$388,944
$388.9K
Market Conditions
NOI Build-Up for 2,594 SF
Gross rent
$52.9K $20.40/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$50.0K $19.28/SF
− OpEx
−$15.0K −$5.78/SF
NOI
$35.0K $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%
$700,100
Cap Rate 7%
$500,071
Cap Rate 9%
$388,944
Alternative Uses
Best Use
Multifamily LT 5
$500.1K
$437.6K – $583.4K
NOI $35,005 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$465.7K
$407.5K – $543.3K
NOI $32,597 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$637.0K
$557.4K – $743.2K
NOI $44,591 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,609
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
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?
Triplex - A vacant apartment sits alongside two occupied units with recently renewed leases.
Where is this triplex located?
The property is located at 334 Rimmon Street Manchester, NH.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom unit and two 1‑bedroom units; 2,594 square feet on a 0.12‑acre lot; One vacant unit; two occupied units with recently renewed leases
