379 Manchester St Manchester, NH 03103
Three-building multifamily portfolio in Manchester, NH with value-add potential.
- Added:
- Nov 25, 2025
- Days on Market:
- 229
- Last Refresh:
- May 19 at 9:56 pm
Property Features for 379 Manchester St
General Information
- Standard status
- Active
- Size
- 6,193 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1898
Listing office New England Realty Advisors LLC (781) 334-8044
Listing date Nov 25, 2025
Source Nerealtyadvisors
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 New England Realty Advisors LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Opportunity to increase rents to market rate for immediate cash flow improvement.
- Portfolio of three well‑maintained, professionally managed buildings.
- Desirable unit mix of one and two‑bedroom apartments.
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 | $126.3k | $20.40 |
| − Vacancy | −$6.9k | −$1.12 |
| EGI | $119.4k | $19.28 |
| − OpEx | −$35.8k | −$5.78 |
| NOI | $83.6k | $13.49 |