37 - 39 Mead Street, Manchester, NH 03104
Well-maintained three-family property with updated interiors, offering flexible living or rental income across three units.
- Added:
- Jun 12, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 14 at 1:41 am
Property Features for 37 - 39 Mead Street
General Information
- Standard status
- Active
- Size
- 2,985 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1910
Listing agent Kyle Waszeciak (603) 995-6156
Listing office Realty One Group Next Level (603) 995-6156
Listing date Jun 12, 2026
Source Threehillsres
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HighLights
- 1910‑built, well‑maintained 3‑family property in Manchester’s Straw/Smyth neighborhood
- All three units have been updated with refreshed flooring and modern interior finishes
- Located just blocks from Derryfield Park
- Minutes to the North End with access to shopping, dining, schools, and major commuter routes
Overview
The property is located in Manchester’s Straw/Smyth neighborhood, just blocks from Derryfield Park and minutes from the North End. The area provides convenient access to shopping, dining, schools, and major commuter routes, which can be useful for tenants who value day-to-day convenience and reliable commuting options.
For investors, the three-unit setup provides a straightforward way to add multiple rental units in one purchase. For owner-occupants, the property can support mixed-use living by allowing one unit to be occupied while the other units generate rental income. With updates already completed across all units, the property may be easier to transition into immediate use compared to a unit that still requires cosmetic modernization.
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 | $60.9k | $20.40 |
| − Vacancy | −$3.3k | −$1.12 |
| EGI | $57.5k | $19.28 |
| − OpEx | −$17.3k | −$5.78 |
| NOI | $40.3k | $13.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4454301
- Latitude
- 42.9965364
