Duplex with Separate
422 Hevey Street, Manchester, NH 03102
For Sale
$585,000
Each residence has its own utilities, laundry, porch, and entrance.
Property Size2,832 SF
Price / SF$206.57
Days on Market40
Property Features for 422 Hevey Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
laundry
porches
patio area
Building Details
Year Built
Buildings
Listing Agency:
BHHS Verani Concord
(603) 224-0700
Listed By:
Jeremy White · License #Jeremy White
(603) 573-5353
Source:
Dohertyproperties
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 8 at 7:32PM
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 BHHS Verani Concord
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Investment Insights
Based on property information with market context.
This 2,832-square-foot duplex, built in 1910, contains two similarly arranged residences. Each has a kitchen, dining room, full bath, three bedrooms, a bonus room, and a 256-square-foot flex room. Ceilings exceed 8 feet. Hardwood flooring, built-in features, decorative hardware, and double-pane replacement windows are among the interior details. The first-floor kitchen includes butcher block counters, a farmhouse sink, and a dishwasher. A poured-concrete basement offers storage space, while the grounds include paved off-street parking, a yard, and a patio.
The property is on Hevey Street in Manchester’s West Side. Restaurants, parks, schools, and Catholic Medical Center are within walking distance. Downtown Manchester, Manchester-Boston Regional Airport, and Interstate 293 are accessible from the property.
The property is on Hevey Street in Manchester’s West Side. Restaurants, parks, schools, and Catholic Medical Center are within walking distance. Downtown Manchester, Manchester-Boston Regional Airport, and Interstate 293 are accessible from the property.
Key Highlights
- Two residences, each with three bedrooms and a bonus room
- 2,832‑square‑foot duplex built in 1910
- Each unit includes a 256‑square‑foot flex room and ceilings over 8 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,217
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,340
$764.3K
Cap Rate 7%
$545,957
$546.0K
Cap Rate 9%
$424,633
$424.6K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$57.8K $20.40/SF
− Vacancy
−$3.2K −$1.12/SF
EGI
$54.6K $19.28/SF
− OpEx
−$16.4K −$5.78/SF
NOI
$38.2K $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%
$764,340
Cap Rate 7%
$545,957
Cap Rate 9%
$424,633
Alternative Uses
Best Use
Multifamily LT 5
$546.0K
$477.7K – $637.0K
NOI $38,217 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$508.4K
$444.9K – $593.1K
NOI $35,588 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$695.5K
$608.5K – $811.4K
NOI $48,682 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 its own utilities, laundry, porch, and entrance.
Where is this duplex located?
The property is located at 422 Hevey Street Manchester, NH.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms and a bonus room; 2,832‑square‑foot duplex built in 1910; Each unit includes a 256‑square‑foot flex room and ceilings over 8 feet
