Two-Unit Duplex with Full
42-44 Glendale Avenue, Manchester, NH 03103
For Sale
New
$550,000
Multi-Family, Manchester, NH
Property Size1,976 SF
Lot Size0.12 Acres
Price / SF$278.34
Days on Market3
Property Features for 42-44 Glendale Avenue
General Information
Property type
Property subtype
Zoning
Rooms
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
laundry
storage
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Coldwell Banker Realty Gilford NH · Coldwell Banker Real Estate
(603) 524-2255
Listed By:
Joshua Matthews
(603) 781-4030
Added: Nov 12
Last Checked: Nov 14 at 1:06AM
MLS# 5117726
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.
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Investment Insights
Based on property information with market context.
Built in 1987 as a duplex, the property contains two residences totaling 1,976 square feet on a 0.12-acre lot. Each side includes two bedrooms and one and a half baths, along with a full basement that provides laundry and storage space. Separate high-efficiency gas boilers serve the units. The building has a wood-frame Colonial design and shingle roof.
One residence has recently been updated and is vacant; the other is occupied by a tenant who has been in place for a decade. Public water serves the property, which is zoned R1.
One residence has recently been updated and is vacant; the other is occupied by a tenant who has been in place for a decade. Public water serves the property, which is zoned R1.
Key Highlights
- Purpose‑built duplex constructed in 1987
- Two units, each with 2 bedrooms and 1.5 baths
- Full basement laundry and storage in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,665
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,300
$533.3K
Cap Rate 7%
$380,929
$380.9K
Cap Rate 9%
$296,278
$296.3K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$40.3K $20.40/SF
− Vacancy
−$2.2K −$1.12/SF
EGI
$38.1K $19.28/SF
− OpEx
−$11.4K −$5.78/SF
NOI
$26.7K $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%
$533,300
Cap Rate 7%
$380,929
Cap Rate 9%
$296,278
Alternative Uses
Best Use
Multifamily LT 5
$380.9K
$333.3K – $444.4K
NOI $26,665 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$354.7K
$310.4K – $413.9K
NOI $24,831 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$485.2K
$424.6K – $566.1K
NOI $33,967 @ 7.0% cap · market cap 6.18%
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
690
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 - Each residence has two bedrooms, one and a half baths, and its own high-efficiency gas boiler.
Where is this duplex located?
The property is located at 42-44 Glendale Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Purpose‑built duplex constructed in 1987; Two units, each with 2 bedrooms and 1.5 baths; Full basement laundry and storage in both residences
