6-Unit Apartment Building with
For Sale
$1,375,000
339 Amherst St, Manchester, NH 03104
Fully occupied multifamily property with off-street parking, storage units, and washer and dryer hookups in every apartment.
Property Size8,310 SF
Price / SF$165.46
Days on Market78
Property Features for 339 Amherst St
General Information
Standard status
Active
Size
8,310 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
6 x 4BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$123,600
Amenities
washer and dryer hookups
refrigerator
gas or electric range
private deck
storage units
Building Details
Year Built
1860
Listing Agency:
Debra Hull Realty, LLC
Listed By:
Debra Hull
(603) 493-4555
Source:
Teamtringali
Added: Aug 2
Changed: Oct 10
Last Checked: Oct 7 at 1:17PM
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 Debra Hull Realty, LLC
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Investment Insights
Based on property information with market context.
This 8,310-square-foot apartment building contains six units, each with four bedrooms, one bathroom, a refrigerator, a gas or electric range, and washer and dryer hookups. Four apartments include private decks, while some bedrooms do not have closets. The property was built in 1860 and includes two forced hot water heating systems in the basement.
Located at 339 Amherst St in Manchester, NH, the property provides off-street parking for seven vehicles and five storage units. Tenants pay their own electricity and hot water; ownership covers heat, water, and sewer. The Certificate of Compliance is current, and the same owners have managed and maintained the property for more than 22 years. The building is fully occupied.
Located at 339 Amherst St in Manchester, NH, the property provides off-street parking for seven vehicles and five storage units. Tenants pay their own electricity and hot water; ownership covers heat, water, and sewer. The Certificate of Compliance is current, and the same owners have managed and maintained the property for more than 22 years. The building is fully occupied.
Key Highlights
- Six‑unit multifamily property with 8,310 SF of building area
- Each apartment includes 4 bedrooms and 1 bathroom
- Four units have private decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,427
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,088,540
$2.1M
Cap Rate 7%
$1,491,814
$1.5M
Cap Rate 9%
$1,160,300
$1.2M
Market Conditions
NOI Build-Up for 8,310 SF
Gross rent
$199.4K $24.00/SF
− Vacancy
−$9.6K −$1.15/SF
EGI
$189.9K $22.85/SF
− OpEx
−$85.4K −$10.28/SF
NOI
$104.4K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,088,540
Cap Rate 7%
$1,491,814
Cap Rate 9%
$1,160,300
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,427 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,849 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,851
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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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?
Apartment building - Fully occupied multifamily property with off-street parking, storage units, and washer and dryer hookups in every apartment.
Where is this apartment building located?
The property is located at 339 Amherst St Manchester, NH.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Six‑unit multifamily property with 8,310 SF of building area; Each apartment includes 4 bedrooms and 1 bathroom; Four units have private decks
