New Construction
New
For Sale
$689,000
379 Concord Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size2,352 SF
Lot Size0.15 Acres
Price / SF$292.94
Days on Market4
Property Features for 379 Concord Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R-3
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4
Parking features
Driveway
Patio and Porch features
Deck
Exterior features
Deck
Appliances
Electric Water Heater, Owned Water Heater
Lot features
City Lot, Interior Lot, Level, Near Shopping, Neighborhood
Directions
East on Hanover left on Ashland Street and right onto Concord Street. New 2-Family on right
Standard status
Active
Size
2,352 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7600
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Pierre Peloquin Realty
Listed By:
Pierre Peloquin
(603) 668-9923
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 7:06AM
MLS# 5109312
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.
Investment Insights
Based on property information with market context.
This duplex at 379 Concord Street is a 2,352-square-foot property with two three-bedroom units, each offering 1,176 square feet of living space. The under-construction building is planned with laminate flooring, carpeted bedrooms, white shaker-style cabinetry, granite countertops, and stainless steel appliances. Forced-air heating, Lennox systems, vinyl siding, a shingle roof, and a full basement are included. Each unit also has access to a deck.
The property occupies a 0.15-acre lot with a 130-foot depth and paved driveway parking for 4+ cars. Public water serves the property, which is zoned R-3 and scheduled for completion in 2026. The duplex is located in Manchester, NH, with immediate occupancy identified in the listing details.
The property occupies a 0.15-acre lot with a 130-foot depth and paved driveway parking for 4+ cars. Public water serves the property, which is zoned R-3 and scheduled for completion in 2026. The duplex is located in Manchester, NH, with immediate occupancy identified in the listing details.
Key Highlights
- Two‑unit duplex with 2,352 square feet of total building area
- Each unit includes 1,176 square feet and three bedrooms
- R‑3 zoning on a 0.15‑acre lot with 130‑foot depth
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,739
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,780
$634.8K
Cap Rate 7%
$453,414
$453.4K
Cap Rate 9%
$352,656
$352.7K
Market Conditions
NOI Build-Up for 2,352 SF
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.
Gross rent
$48.0K $20.40/SF
− Vacancy
−$2.6K −$1.12/SF
EGI
$45.3K $19.28/SF
− OpEx
−$13.6K −$5.78/SF
NOI
$31.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,780
Cap Rate 7%
$453,414
Cap Rate 9%
$352,656
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$422.2K
$369.5K – $492.6K
NOI $29,556 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$577.6K
$505.4K – $673.9K
NOI $40,431 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
Explore this area
Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature granite kitchens, decks, and paved parking.
Where is this duplex located?
The property is located at 379 Concord Street Manchester, NH.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,352 square feet of total building area; Each unit includes 1,176 square feet and three bedrooms; R‑3 zoning on a 0.15‑acre lot with 130‑foot depth
