Two-Family Residential Income
384 Bridge Street Manchester, NH 03104
New
384 Bridge Street, Manchester, NH, 03104
$484,900
For Sale
$484,900
MULTI_FAMILY - Other - Manchester, NH
Property Size2,330 SF
Lot Size0.15 Acres
Price / SF$208.11
Days on Market1
Property Features for 384 Bridge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MX-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Basement, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- Size
- 2,330 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6393
Utilities
- Utilities
- Cable Available
- Heating system
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Carpet
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed by
Laura Gamache
(603) 232-8282
Added: Jul 21 Checked: Jul 21 at 7:06PM
MLS# 5100987
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 two-family residential income property offers two units, each with two bedrooms and one bathroom. The home includes off-street parking and separate utilities for the units. Additional space is available in an unfinished, walk-up third-floor attic and an unfinished basement that provides washer/dryer hookups and storage.
The property is located at 384 Bridge Street in Manchester, New Hampshire. It is described as conveniently located next to Derryfield Park and minutes to I-93, and it is offered under MX-1 zoning.
With a total property size of 2,330 square feet and an estimated lot size of 0.15 acres, this is a straightforward two-family configuration that already includes separate utility setups and dedicated parking, along with unfinished areas that may be suited to future finishing or expanded use.
The property is located at 384 Bridge Street in Manchester, New Hampshire. It is described as conveniently located next to Derryfield Park and minutes to I-93, and it is offered under MX-1 zoning.
With a total property size of 2,330 square feet and an estimated lot size of 0.15 acres, this is a straightforward two-family configuration that already includes separate utility setups and dedicated parking, along with unfinished areas that may be suited to future finishing or expanded use.
Key Highlights
- 2‑family property with separate utilities and off‑street parking
- Includes 4 bedrooms total with 2 bathrooms
- Unfinished walk‑up 3rd‑floor attic plus basement for additional space and storage
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence with off-street parking, separate utilities, and unfinished attic and basement areas with washer/dryer hookups.
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: 2‑family property with separate utilities and off‑street parking; Includes 4 bedrooms total with 2 bathrooms; Unfinished walk‑up 3rd‑floor attic plus basement for additional space and storage
