357 Gray Street Manchester, NH 03103
MULTI_FAMILY - Other - Manchester, NH
Property Features for 357 Gray Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1B
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Standard status
- Active
- Size
- 3,080 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8485
Utilities
- Utilities
- Cable Available
- Heating system
- Hot Water(Heating), Oil, Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Richard Valentin Gutierrez (603) 647-8000
Listing office RE/MAX Synergy One Constitution Drive, Goffstown, NH (603) 472-3900
Listing date Jul 15, 2026
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.
The second-floor garden-style apartment includes three bedrooms and one full bath, with a private rear entrance. This unit has been recently renovated with an updated kitchen featuring stainless steel appliances, soft-close cabinetry, and granite countertops, along with luxury vinyl plank flooring. The bathroom has also been updated with granite countertops and luxury vinyl flooring.
Outside, the property includes an oversized detached two-car garage with ample shelving and workshop space, and a driveway that accommodates 4–6 additional vehicles. Additional on-site amenities include an eight-zone irrigation system with drip lines and smartphone app compatibility, along with leased solar panels transferring to the new owner at closing.
Key Highlights
- Colonial‑style duplex built in 1983 with two units and a valid Certificate of Compliance
- First‑floor owner unit: 4 bedrooms, 2 bathrooms, open‑concept living room, eat‑in kitchen, and full bath with laundry
- Partially finished basement includes a recreation area, utility/workshop space, and a private primary suite with a 3/4 bath
Local Financial Insights For Multifamily LT 5
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 | $62.8k | $20.40 |
| − Vacancy | −$3.5k | −$1.12 |
| EGI | $59.4k | $19.28 |
| − OpEx | −$17.8k | −$5.78 |
| NOI | $41.6k | $13.49 |
