Two-Family with Off-Street
384 Bridge Street Manchester, NH 03104
New
For Sale
$484,900
Two-family residence features two bedrooms, one bath per unit, off-street parking, and separate utilities.
Property Size2,330 SF
Price / SF$208.11
Days on Market5
Property Features for 384 Bridge Street
General Information
- Standard status
- Active
- Size
- 2,330 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed By:
Laura Gamache
(603) 232-8282
Source:
Laerrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 26 at 3:43AM
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
This two-family property offers two bedrooms and one bath per unit, along with off-street parking and separate utilities. Additional space includes an unfinished, walk-up 3rd-floor attic and a basement with washer/dryer hookups and storage.
The building is located near Derryfield Park and is minutes to I-93, providing convenient access for tenants and occupants.
For buyers looking for income property space with potential for finishing the additional areas, the layout includes living units plus usable storage and utility support in the basement and attic.
The building is located near Derryfield Park and is minutes to I-93, providing convenient access for tenants and occupants.
For buyers looking for income property space with potential for finishing the additional areas, the layout includes living units plus usable storage and utility support in the basement and attic.
Key Highlights
- Two‑family residence built in 1920
- Each unit offers 2 bedrooms and 1 bathroom
- Off‑street parking available
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 | $47.5k | $20.40 |
| − Vacancy | −$2.6k | −$1.12 |
| EGI | $44.9k | $19.28 |
| − OpEx | −$13.5k | −$5.78 |
| NOI | $31.4k | $13.49 |
2,330 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.0K – $524.0K
NOI $31,442 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$418.3K
$366.0K – $488.0K
NOI $29,280 @ 7.0% cap · market cap 6.04%
Theoretical Best
Specialty Retail
$572.2K
$500.7K – $667.6K
NOI $40,053 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family residence features two bedrooms, one bath per unit, off-street parking, and separate utilities.
Where is this duplex located?
The property is located at 384 Bridge Street Manchester, NH.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two‑family residence built in 1920; Each unit offers 2 bedrooms and 1 bathroom; Off‑street parking available
