Updated Two-Unit
For Sale
$495,000
418 Central Street, Manchester, NH 03103
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 Market27
Property Features for 418 Central Street
General Information
Standard status
Active
Size
1,839 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
fenced-in yard
oversized detached garage with loft and separate workshop
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Redfin Corporation
Listed By:
Stacie Gallucci
(978) 831-7798
Source:
Sugarbushrealestate
Added: Sep 10
Changed: Oct 4
Last Checked: Oct 5 at 9:18PM
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
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
