Two-Unit Craftsman
427 Wilson Street, Manchester, NH 03103
MULTI_FAMILY - Craftsman - Manchester, NH
Property size:
2,026 SFLot size:
0.12 AcresPrice / SF:
$209/SF- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 3:06 am
Property Features for 427 Wilson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bathroom 1
- Parking features
- Driveway, Garage, Off Street, Paved or Surfaced
- Patio and Porch features
- Porch
- Exterior features
- Dog Fence, Full Fence, Covered Porch, Storage, Window Screens, Double Pane Window(s)
- Fencing
- Fenced
- Appliances
- Gas Water Heater
- Standard status
- Active Under Contract
- Size
- 2,026 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5835
Utilities
- Heating system
- Steam, Oil
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Combination, Carpet
- Building materials
- Wood Frame, Vinyl Exterior, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Craftsman
- Additional Structures
- Storage
Listing agent Terri McGuinness (603) 232-8282
Listing office Keller Williams Realty-Metropolitan 168 South River Rd., Bedford, NH (603) 232-8282
Listing date Apr 29, 2026
MLS# 5085994
Listing URL
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.
HighLights
- 2,026 SF craftsman home built in 1940, currently configured as a clean, well‑maintained 2‑family (multi‑family).
- Brand new heating system, water heaters, and chimney liner (per public remarks).
- Spacious, flat yard that is fully fenced, with dog fencing and full fencing noted.
- Off‑street parking plus a garage and driveway; paved/surfaced parking.
- Double‑pane windows with window screens; gas water heater.
- Public utilities: public water source; sold "AS IS".
Overview
This updated Craftsman duplex is currently configured as a clean, well-maintained two-family home. The interior is described as impeccably clean and move-in ready, and recent improvements include a brand new heating system, water heaters, and a chimney liner. The property totals 2,026 square feet and includes two separate living levels, with the first floor offering over 1,000 square feet and the second floor offering over 950 square feet. Both levels include flexible floor-plan options, and the first-floor layout is noted as potentially well-suited to a two-bedroom rental.
Set on a 0.12-acre lot, the home includes a spacious, flat, fully fenced yard. Parking is supported by a private driveway, a garage, and additional parking area to the rear. The listing also notes a neighborhood Walk Score of 83 and proximity to Elliot Hospital.
For buyers seeking a residential income opportunity, the current two-unit configuration provides an option to maintain the property as a duplex. The seller also notes the home can be converted back toward its originally single-family layout if desired. The property is being sold “AS IS,” and agents are directed to review the Non Public Remarks for additional details.
Set on a 0.12-acre lot, the home includes a spacious, flat, fully fenced yard. Parking is supported by a private driveway, a garage, and additional parking area to the rear. The listing also notes a neighborhood Walk Score of 83 and proximity to Elliot Hospital.
For buyers seeking a residential income opportunity, the current two-unit configuration provides an option to maintain the property as a duplex. The seller also notes the home can be converted back toward its originally single-family layout if desired. The property is being sold “AS IS,” and agents are directed to review the Non Public Remarks for additional details.
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 | $41.3k | $20.40 |
| − Vacancy | −$2.3k | −$1.12 |
| EGI | $39.1k | $19.28 |
| − OpEx | −$11.7k | −$5.78 |
| NOI | $27.3k | $13.49 |
2,026 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.6K
$341.8K – $455.7K
NOI $27,340 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$363.7K
$318.3K – $424.3K
NOI $25,460 @ 7.0% cap · market cap 5.99%
Theoretical Best
Specialty Retail
$497.5K
$435.3K – $580.5K
NOI $34,827 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4479767
- Latitude
- 42.9860642
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated duplex with off-street parking, fenced yard, and move-in-ready units—priced as a residential income property.
Where is this duplex located?
The property is located at 427 Wilson Street Manchester, NH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,026 SF craftsman home built in 1940, currently configured as a clean, well‑maintained 2‑family (multi‑family).; Brand new heating system, water heaters, and chimney liner (per public remarks).; Spacious, flat yard that is fully fenced, with dog fencing and full fencing noted.
