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Six-Unit Apartment Building
New
For Sale
$835,000

373 LAKE Ave, Manchester, NH 03103

Well-maintained six-unit building with one-bedroom units, rear parking, and recent exterior and systems updates.

Days on Market3

Property Features for 373 LAKE Ave

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Investment

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Additional Details

Gross Income $78,840

Amenities

side yard

Building Details

Year Built 1900
Listing Agency: Pierre J. Peloquin Realty
Listed By: Pierre J Peloquin
Source: Elliman
Added: Jul 29 Changed: Jul 30 Last Checked: Jul 30 at 3:51AM

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 J. Peloquin Realty

Investment Insights

Based on property information with market context.

This six-unit apartment building features one-bedroom units currently rented to single occupants. The exterior has been recently painted, including the porches, and the property includes a small side yard for tenant use. Recent upgrades include a new asphalt roof, updated circuit breakers, and a newer natural gas steam heating system. A new 75-gallon gas hot water tank was added on July 17.

The property offers 8-car rear parking. Unit #1 is reported to need a new kitchen, bath, flooring, and paint, creating an opportunity to bring that unit fully up to standard.

A new Certificate of Compliance (COC) will be conveyed at closing. Showings begin Tuesday, July 28 from 12:00 to 1:30 at 373 Lake Ave, Manchester, NH 03103.

Key Highlights

  • Six one‑bedroom units currently rented to single occupants
  • New asphalt roof and recently painted exterior, including porches
  • New 75‑gallon gas hot water tank installed July 17

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Wine and Liquor Store Florist Catering Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,595
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained six-unit building with one-bedroom units, rear parking, and recent exterior and systems updates.
Where is this apartment building located?
The property is located at 373 LAKE Ave Manchester, NH.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Six one‑bedroom units currently rented to single occupants; New asphalt roof and recently painted exterior, including porches; New 75‑gallon gas hot water tank installed July 17
More about this property
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