Three-Family Residential Income
421 Laurel Street Manchester, NH 03103
421 Laurel Street, Manchester, NH, 03103
$750,000
For Sale
$750,000
Well-maintained three-unit multifamily on a city lot with off-street parking and a backyard.
Property Size4,096 SF
Price / SF$183.11
Days on Market51
Property Features for 421 Laurel Street
General Information
- Standard status
- Active
- Size
- 4,096 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
Coldwell Banker Classic Realty
Listed by
Michelle Gannon
(603) 763-6033
Source
Dolanre
Added: May 30 Checked: Jul 19 at 2:25 am
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 Coldwell Banker Classic Realty
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income property offers approximately 4,900 square feet of living space across three levels. Built in 1900 with a remodel date of 1983, the layout provides one unit on each floor. The first-floor unit includes 3 bedrooms plus additional finished lower-level space, while the upper units each offer spacious 3-bedroom layouts. The property has received updates over the years and includes off-street parking and a backyard for outdoor use.
Located in Manchester, the property offers convenient access to downtown Manchester, schools, shopping, dining, and major commuter routes. The home is situated on a city lot.
Scheduled showings are Thursday, June 25th from 2:00 PM to 4:00 PM.
Located in Manchester, the property offers convenient access to downtown Manchester, schools, shopping, dining, and major commuter routes. The home is situated on a city lot.
Scheduled showings are Thursday, June 25th from 2:00 PM to 4:00 PM.
Key Highlights
- Three‑family multifamily built in 1900 with remodel date of 1983
- Approximately 4,900 SF total living space with one unit on each floor
- Each unit offers a spacious 3‑bedroom layout, with the first‑floor unit also including additional finished lower‑level space
Local 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 | $83.6k | $20.40 |
| − Vacancy | −$4.6k | −$1.12 |
| EGI | $79.0k | $19.28 |
| − OpEx | −$23.7k | −$5.78 |
| NOI | $55.3k | $13.49 |
4,096 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$789.6K
$690.9K – $921.2K
NOI $55,274 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$735.3K
$643.4K – $857.9K
NOI $51,472 @ 7.0% cap · market cap 6.86%
Theoretical Best
Specialty Retail
$1.01M
$880.1K – $1.17M
NOI $70,410 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit multifamily on a city lot with off-street parking and a backyard.
Where is this triplex located?
The property is located at 421 Laurel Street Manchester, NH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑family multifamily built in 1900 with remodel date of 1983; Approximately 4,900 SF total living space with one unit on each floor; Each unit offers a spacious 3‑bedroom layout, with the first‑floor unit also including additional finished lower‑level space
