Two-Unit Duplex with
415 Laurel Street, Manchester, NH 03103
For Sale
New
$325,000
Two two-bedroom apartments share a two-car garage, with additional off-street parking and a backyard.
Property Size1,876 SF
Lot Size0.12 Acres
Price / SF$173.24
Days on Market6
Property Features for 415 Laurel Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Cameron Real Estate Group
Listed By:
Ty Ignaszewski
(781) 808-3700
Source:
Greatislandrealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:55AM
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 Cameron Real Estate Group
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Investment Insights
Based on property information with market context.
This duplex contains two apartments, each configured with two bedrooms and one bathroom. The property has approximately 1,876 square feet of finished space and was built in 1950. A two-car garage, driveway parking for more than eight vehicles, and a large backyard are also part of the property.
The building is offered in its current as-is condition, with personal property and debris remaining at closing. Traditional financing may not be available; cash or specialized rehabilitation financing is indicated.
The building is offered in its current as-is condition, with personal property and debris remaining at closing. Traditional financing may not be available; cash or specialized rehabilitation financing is indicated.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Approximately 1,876 square feet of finished area
- Two‑car garage and driveway parking for 8+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,316
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,320
$506.3K
Cap Rate 7%
$361,657
$361.7K
Cap Rate 9%
$281,289
$281.3K
Market Conditions
NOI Build-Up for 1,876 SF
Gross rent
$38.3K $20.40/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$36.2K $19.28/SF
− OpEx
−$10.8K −$5.78/SF
NOI
$25.3K $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 Rate 5%
$506,320
Cap Rate 7%
$361,657
Cap Rate 9%
$281,289
Alternative Uses
Best Use
Multifamily LT 5
$361.7K
$316.5K – $421.9K
NOI $25,316 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 7.25%
Theoretical Best
Specialty Retail
$460.7K
$403.1K – $537.5K
NOI $32,248 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
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Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Manchester, NH
Properties on Market for Duplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments share a two-car garage, with additional off-street parking and a backyard.
Where is this duplex located?
The property is located at 415 Laurel Street Manchester, NH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Approximately 1,876 square feet of finished area; Two‑car garage and driveway parking for 8+ vehicles
