New Englander Multifamily
For Sale
$469,500
358 Auburn Street, Manchester, NH 03103
Residential building with paved exterior areas, basement storage, and walk-up access.
Property Size4,108 SF
Price / SF$222.51
Days on Market224
Property Features for 358 Auburn Street
General Information
Standard status
Active
Size
4,108 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
Res
Taxes and HOA fees
Annual Taxes
$6,149
Amenities
Natural Gas, Oil, Forced Air
Concrete, Dirt Floor, Storage Space, Interior Entry, Walk-Up Access, Full
Paved
Multi-Family, New Englander
Building Details
Building Size
4,108 SF
Year Built
1870
Stories
2
Listing Agency:
Coldwell Banker Realty
Listed By:
Blaise B Blouin
(603) 494-9798
Source:
Evrealestate
Added: Mar 9
Changed: Oct 9
Last Checked: Oct 16 at 7:28AM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 358 Auburn Street includes 2,110 square feet of building area and dates to 1870. The New Englander-style structure features paved exterior areas and a basement with concrete and dirt floor sections, storage space, interior entry, and walk-up access. Interior systems include natural gas, oil, and forced-air heating. The property is located in Manchester, New Hampshire, and carries Res zoning. Its address is 358 Auburn Street, Manchester, NH 03103.
Key Highlights
- 2,110‑square‑foot multifamily property
- New Englander‑style building constructed in 1870
- Res zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,515
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,300
$530.3K
Cap Rate 7%
$378,786
$378.8K
Cap Rate 9%
$294,611
$294.6K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$50.6K $24.00/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$48.2K $22.85/SF
− OpEx
−$21.7K −$10.28/SF
NOI
$26.5K $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%
$530,300
Cap Rate 7%
$378,786
Cap Rate 9%
$294,611
Alternative Uses
Best Use
Apartment 5plus
$378.8K
$331.4K – $441.9K
NOI $26,515 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.2K
$453.4K – $604.5K
NOI $36,271 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
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?
Multifamily property - Residential building with paved exterior areas, basement storage, and walk-up access.
Where is this multifamily property 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: 2,110‑square‑foot multifamily property; New Englander‑style building constructed in 1870; Res zoning
