Three-Unit Residential Income
401 Cedar Street Manchester, NH 03103
New
For Sale
$619,900
Triplex offering three 3-bedroom units with separate utilities, off-street parking for five, storage, and a fenced yard.
Property Size3,348 SF
Price / SF$185.16
Days on Market5
Property Features for 401 Cedar Street
General Information
Standard status
Active
Size
3,348 SF
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
Realty ONE Group NEST
(978) 360-3069
Listed By:
Billy Pozo · License #9537607
(978) 360-3069
Source:
Laerrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 27 at 2:40AM
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 Realty ONE Group NEST
Investment Insights
Based on property information with market context.
This triplex provides three spacious 3-bedroom units with separate utilities. The property includes off-street parking for five vehicles, a storage shed, and a fenced yard.
Located at 401 Cedar Street in Manchester, NH, the property is positioned near downtown and offers convenient access to shopping, dining, schools, parks, and major commuter routes.
With multiple well-sized residential units and practical on-site features for tenants, this is a straightforward residential income opportunity suitable for either an owner-occupant or an investor seeking a three-unit building.
Located at 401 Cedar Street in Manchester, NH, the property is positioned near downtown and offers convenient access to shopping, dining, schools, parks, and major commuter routes.
With multiple well-sized residential units and practical on-site features for tenants, this is a straightforward residential income opportunity suitable for either an owner-occupant or an investor seeking a three-unit building.
Key Highlights
- Triplex with three 3‑bedroom units
- Separate utilities for each unit
- Off‑street parking for 5 vehicles
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 | $68.3k | $20.40 |
| − Vacancy | −$3.8k | −$1.12 |
| EGI | $64.5k | $19.28 |
| − OpEx | −$19.4k | −$5.78 |
| NOI | $45.2k | $13.49 |
3,348 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$645.4K
$564.8K – $753.0K
NOI $45,180 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$601.0K
$525.9K – $701.2K
NOI $42,072 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$822.2K
$719.4K – $959.2K
NOI $57,552 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering three 3-bedroom units with separate utilities, off-street parking for five, storage, and a fenced yard.
Where is this triplex located?
The property is located at 401 Cedar Street Manchester, NH.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Triplex with three 3‑bedroom units; Separate utilities for each unit; Off‑street parking for 5 vehicles
