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Six-Unit Multifamily Investment

339 Amherst Street Manchester, NH 03104

339 Amherst Street, Manchester, NH, 03104
$1,375,000
For Sale
Claim this Listing
$1,375,000

MULTI_FAMILY - Other - Manchester, NH

Property Size8,310 SF
Lot Size0.15 Acres
Price / SF$165.46
AddedJul 9
Days on Market8
Last RefreshJul 16 at 2:06 am

Property Features for 339 Amherst Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MX-2
Bedrooms
24
Bathrooms
6
Rooms
Basement, Bedroom 1, Bedroom 17, Bedroom 10, Bathroom 2, Bathroom 3, Bedroom 13, Bedroom 12, Bathroom 6, Bedroom 22, Bathroom 5, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 11, Bedroom 15, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 20, Bedroom 2, Bedroom 14, Bedroom 23, Bedroom 24, Bedroom 18, Bedroom 4, Bedroom 21, Bedroom 16, Bedroom 19
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Porch
Standard status
Active
Size
8,310 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
15364

Utilities

Utilities
Cable Available
Heating system
Hot Water(Heating), Natural Gas
Water source
Public

Building Details

Year built
1860
Floors in Building
3
Number of units
6
Flooring type
Vinyl, Carpet
Building materials
T1-11 Exterior, Vinyl Siding
Roof type
Shingle
Architectural style
Other

Listing agent Debra Hull

Listing office Debra Hull Realty, LLC 46 Benton Rd. Unit C, Manchester, NH

Listing date Jul 9, 2026

MLS# 5099133 Listing URL

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.

This six-unit multifamily property is well-maintained and fully occupied. Each spacious unit includes 4 bedrooms and 1 bathroom, with washer and dryer hookups, a refrigerator, and a gas or electric range. Four units offer private decks, and some bedrooms do not have closets. Tenants pay their own electricity and hot water, while the owner pays heat, water, and sewer. The basement includes two forced hot water heating systems.

The property provides off-street parking for 7 vehicles and includes 5 storage units. The Certificate of Compliance (COC) is current, and the property has been managed and maintained by the same owners for more than 22 years, supporting an established rental history.

For sale as a turnkey, income-producing asset, the building is zoned MX-2.

Key Highlights

  • 6‑unit multifamily building with approximately $10,300 monthly gross income and is fully occupied
  • Each unit includes 4 bedrooms and 1 bathroom, with washer and dryer hookups plus refrigerator and gas or electric range
  • Tenants pay their own electricity and hot water; owner pays heat, water, and sewer

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $199.4k $24.00
− Vacancy −$9.6k −$1.15
EGI $189.9k $22.85
− OpEx −$85.4k −$10.28
NOI $104.4k $12.57
8,310 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M (±1% cap)
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 (±1% cap)
NOI $142,849 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Bakery Wine and Liquor Store (Bike/Boat/Book/etc) Store Butcher Florist (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Catering Service Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six fully occupied units with private decks, washer/dryer hookups, off-street parking, and storage units.
Where is this apartment building located?
The property is located at 339 Amherst Street 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: 6‑unit multifamily building with approximately $10,300 monthly gross income and is fully occupied; Each unit includes 4 bedrooms and 1 bathroom, with washer and dryer hookups plus refrigerator and gas or electric range; Tenants pay their own electricity and hot water; owner pays heat, water, and sewer
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