Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Family Home: Investment Opportunity Title is generated by Realmo AI

    358 Auburn Street, Manchester, NH 03103

    View on Map
    Claim this Listing
    For Sale
    $469,500

    Multi-Family - Manchester, NH

    Property size:
    2,110 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $222/SF
    Added:
    Mar 9, 2026
    Days on Market:
    69
    Last Refresh:
    May 16 at 12:06 pm

    Property Features for 358 Auburn Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    2
    Parking features
    Garage, Paved or Surfaced
    EntryLevel
    Unit 1: 1,Unit 2: 2
    Basement Y/N
    1
    Standard status
    Active
    Size
    2,110 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6149

    Utilities

    Heating system
    Natural Gas, Oil

    Building Details

    Year built
    1870
    Floors in Building
    2.5
    Number of units
    2
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Blaise Blouin

    Listing agent Blaise Blouin

    Listing office Coldwell Banker Realty Bedford NH 166 Rte 101, Bedford, NH

    Listing date Mar 9, 2026

    MLS# 5078625 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.

    HighLights

    • Strong income potential with solid market rates
    • Prime, accessible location ensures long‑term rental demand
    • Two units, each with two bedrooms
    • Garage on‑site adds convenience
    • Potential for third‑floor expansion (buyer to verify)
    • Historic character with original woodwork

    Overview

    This two-family property, constructed in 1870, presents an investment opportunity in a New England location. The property features two units, both currently rented. Each unit includes two bedrooms, hardwood flooring, and an enclosed porch that can serve as a home office, den, or guest area. Original woodwork is present throughout the home. The property has been maintained and offers potential for third-floor expansion, subject to buyer verification. A garage is located on site. The property is situated in a desirable location. The building size is 2110 square feet and the lot size is 0.12 acres.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $316.4K
    NOI $28,474 @ 9.00% cap · cautious / downside scenario
    Moderate
    $406.8K
    NOI $28,474 @ 7.00% cap · market / base-case scenario
    Aggressive
    $569.5K
    NOI $28,474 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $43.0k $20.40
    − Vacancy −$2.4k −$1.12
    EGI $40.7k $19.28
    − OpEx −$12.2k −$5.78
    NOI $28.5k $13.49
    2,110 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $406.8K
    $355.9K – $474.6K (±1% cap)
    NOI $28,474 @ 7.0% cap · market cap 6.06%
    Second Best
    Apartment 5plus
    $378.8K
    $331.4K – $441.9K (±1% cap)
    NOI $26,515 @ 7.0% cap · market cap 5.65%
    Theoretical Best
    Specialty Retail
    $518.2K
    $453.4K – $604.5K (±1% cap)
    NOI $36,271 @ 7.0% cap · market cap 7.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4539155
    Latitude
    42.9852508

    Nearby Similar for Sale

    • $599,000
      3,370 SF

      Renovated Two-Family Residence

      Fully renovated two-family residence with modern luxury and timeless character.
      286 Lake Avenue, Manchester, NH 03103
      View Details
    • $2,000,000
      11,120 SF

      Manchester Multifamily Investment Opportunity

      Nine-unit residential building offering steady, reliable returns for investors.
      101-107 Putnam Street, Manchester, NH 03102
      View Details
    • $549,900
      1,728 SF

      North End Duplex in Manchester

      North End duplex with updated systems and convenient location.
      77 Merrow Street, Manchester, NH 03104
      View Details
    • $589,500
      1,924 SF

      Charming Two-Family Investment Property

      Well-maintained two-family property in a strong rental market.
      227 Laval Street, Manchester, NH 03102
      View Details
    • $1,300,000
      40,000 SF

      Historic Manchester School Redevelopment Opportunity

      Redevelopment opportunity in Manchester with over 40,000 square feet.
      555 Cedar Street, Manchester, NH 03103
      View Details
    • $565,000
      1,638 SF

      South End Two-Family Home

      Well-located Manchester two-family home with modern updates and immediate occupancy.
      30 LONGWOOD Avenue, Manchester, NH 03109
      View Details
    • $474,900
      1,603 SF

      Manchester Multifamily Investment Opportunity

      Well-maintained two-unit property with income growth potential in Manchester.
      53 Lafayette Street, Manchester, NH 03102
      View Details
    • $1,495,000
      4,580 SF

      High-Visibility Commercial Property in Manchester

      8,030 SF commercial building with redevelopment potential in Manchester, NH.
      25 S Maple Street, Manchester, NH 03103
      View Details
    • $425,000
      2,026 SF

      Updated Multi-Family with Income Potential

      Well-maintained multi-family property, ideal for house-hacking or conversion.
      427 Wilson Street, Manchester, NH 03103
      View Details
    • $500,000
      1,916 SF

      Manchester Multi-Family with Views

      Two-family property with views, updated systems, and on-site parking.
      477-479 Calef Road, Manchester, NH 03103
      View Details
    • $400,000
      2,179 SF

      Manchester Two-Family Home For Sale

      Two-unit home with garage and barn on .17 acres.
      326 Lake Avenue, Manchester, NH 03103
      View Details
    • $429,900
      1,368 SF

      Turnkey Duplex in Quiet Location

      Well-maintained duplex with immediate income potential in a convenient location.
      65-67 Lucille Street, Manchester, NH 03103
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming two-family property with income potential in a prime location.
    Where is this duplex located?
    The property is located at 358 Auburn Street Manchester, NH.
    What is the asking price?
    The asking price for this property is $469,500.
    What are key features of this property?
    This property features: Strong income potential with solid market rates; Prime, accessible location ensures long‑term rental demand; Two units, each with two bedrooms
    (603) 494-9798
    We can help!
    Listing Contact
    Blaise Blouin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    358 Auburn Street, Manchester, NH 03103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!