Updated Two-Unit
418 Central Street, Manchester, NH 03103
For Sale
$495,000
Two-bedroom units feature separate systems, driveway parking, a fenced yard, and a detached garage with workshop space.
Property Size1,839 SF
Price / SF$269.17
Days on Market90
Property Features for 418 Central Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fenced-in yard
oversized detached garage with loft and separate workshop
Building Details
Year Built
Buildings
Listing Agency:
Redfin Corporation
Listed By:
Stacie Gallucci
(978) 831-7798
Source:
Sugarbushrealestate
Added: Aug 12
Changed: Nov 8
Last Checked: Nov 8 at 6:47AM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residential units with two bedrooms in each. The property includes updated kitchens and bathrooms, along with newer windows, siding, and roofing. Separate electrical and mechanical systems serve the units independently. A driveway provides off-street parking, while the fenced yard adds usable outdoor space.
The detached garage expands the property's functionality with a loft and a separate workshop. Located at 418 Central Street in Manchester, NH, the property offers a two-unit configuration with dedicated building systems and substantial storage and workspace improvements.
The detached garage expands the property's functionality with a loft and a separate workshop. Located at 418 Central Street in Manchester, NH, the property offers a two-unit configuration with dedicated building systems and substantial storage and workspace improvements.
Key Highlights
- Two units, each with two bedrooms
- Newer windows, siding, roof, kitchens, and bathrooms
- Separate electrical and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,817
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,340
$496.3K
Cap Rate 7%
$354,529
$354.5K
Cap Rate 9%
$275,744
$275.7K
Market Conditions
NOI Build-Up for 1,839 SF
Gross rent
$37.5K $20.40/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$35.5K $19.28/SF
− OpEx
−$10.6K −$5.78/SF
NOI
$24.8K $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%
$496,340
Cap Rate 7%
$354,529
Cap Rate 9%
$275,744
Alternative Uses
Best Use
Multifamily LT 5
$354.5K
$310.2K – $413.6K
NOI $24,817 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$330.1K
$288.9K – $385.2K
NOI $23,110 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$451.6K
$395.2K – $526.9K
NOI $31,612 @ 7.0% cap · market cap 6.39%
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
1,584
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-bedroom units feature separate systems, driveway parking, a fenced yard, and a detached garage with workshop space.
Where is this duplex located?
The property is located at 418 Central Street Manchester, NH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two units, each with two bedrooms; Newer windows, siding, roof, kitchens, and bathrooms; Separate electrical and mechanical systems
