Four-Unit Corner-Lot
364 Manchester St, Manchester, NH 03103
For Sale
$775,000
Owner-occupied multifamily property with updated mechanical systems, varied unit layouts, landscaped grounds, and a fenced parking area.
Property Size3,857 SF
Price / SF$200.93
Days on Market56
Property Features for 364 Manchester St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Pierre Peloquin Realty
Listed By:
Pierre J Peloquin
(603) 668-9923
Source:
Langelange
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 2:43PM
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 Pierre Peloquin Realty
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Investment Insights
Based on property information with market context.
This 3,857-square-foot quadplex, built in 1910, contains four residential units with a varied configuration. The first-floor residence offers three bedrooms, hardwood and laminate flooring, and tile in the kitchen. Two one-bedroom apartments include exterior porches, while the third-floor two-bedroom unit features a large bathroom and skylight. Mechanical systems have been updated and maintained by the owner over a 48-year period.
Located at 364 Manchester St in Manchester, NH, the property occupies a corner lot with mature landscaping, a fenced yard, and on-site parking. The long-term owner occupancy and mix of one-, two-, and three-bedroom units provide a clearly defined multifamily layout for an owner-occupant or investor.
Located at 364 Manchester St in Manchester, NH, the property occupies a corner lot with mature landscaping, a fenced yard, and on-site parking. The long-term owner occupancy and mix of one-, two-, and three-bedroom units provide a clearly defined multifamily layout for an owner-occupant or investor.
Key Highlights
- Four‑unit quadplex with 3,857 square feet
- Unit mix includes one 3‑bedroom, two 1‑bedroom, and one 2‑bedroom residence
- Owner occupied for 48 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,049
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,980
$1.0M
Cap Rate 7%
$743,557
$743.6K
Cap Rate 9%
$578,322
$578.3K
Market Conditions
NOI Build-Up for 3,857 SF
Gross rent
$78.7K $20.40/SF
− Vacancy
−$4.3K −$1.12/SF
EGI
$74.4K $19.28/SF
− OpEx
−$22.3K −$5.78/SF
NOI
$52.0K $13.49/SF
Area
Manchester, NH
Vacancy
5.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,980
Cap Rate 7%
$743,557
Cap Rate 9%
$578,322
Alternative Uses
Best Use
Multifamily LT 5
$743.6K
$650.6K – $867.5K
NOI $52,049 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$692.4K
$605.9K – $807.8K
NOI $48,469 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$947.2K
$828.8K – $1.11M
NOI $66,302 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Owner-occupied multifamily property with updated mechanical systems, varied unit layouts, landscaped grounds, and a fenced parking area.
Where is this quadplex located?
The property is located at 364 Manchester St Manchester, NH.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,857 square feet; Unit mix includes one 3‑bedroom, two 1‑bedroom, and one 2‑bedroom residence; Owner occupied for 48 years
