Updated Two-Unit Duplex with
For Sale
$560,000
43 Cartier Street, Manchester, NH 03102
Multi-Family, Manchester, NH
Property Size2,247 SF
Lot Size0.13 Acres
Price / SF$249.22
Days on Market58
Property Features for 43 Cartier Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Lot features
City Lot
High school
Manchester West High School
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Standard status
Active
Size
2,247 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6959
Utilities
Utilities
Cable Available
Heating system
Oil
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Kristi Whitten
(603) 232-8282
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 5114934
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.
This 2,247-square-foot duplex contains two two-bedroom apartments. The first-floor unit has updated hardwood and tile finishes, along with a newer kitchen and bathroom. On the second floor, both the kitchen and bathroom have also been redone. Heating has been updated, and the building has central air conditioning and a new hot water heater.
A detached, oversized two-car garage provides additional upper-level storage. The property occupies a 0.13-acre lot in Manchester and is zoned R2. Built in 1920, the building is wood-frame construction with vinyl siding and a shingle roof. Public water and cable availability are listed.
A detached, oversized two-car garage provides additional upper-level storage. The property occupies a 0.13-acre lot in Manchester and is zoned R2. Built in 1920, the building is wood-frame construction with vinyl siding and a shingle roof. Public water and cable availability are listed.
Key Highlights
- Two units, each with two bedrooms
- 2,247 square feet on a 0.13‑acre lot
- Detached oversized two‑car garage with upper‑level storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,322
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,440
$606.4K
Cap Rate 7%
$433,171
$433.2K
Cap Rate 9%
$336,911
$336.9K
Market Conditions
NOI Build-Up for 2,247 SF
Gross rent
$45.8K $20.40/SF
− Vacancy
−$2.5K −$1.12/SF
EGI
$43.3K $19.28/SF
− OpEx
−$13.0K −$5.78/SF
NOI
$30.3K $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%
$606,440
Cap Rate 7%
$433,171
Cap Rate 9%
$336,911
Alternative Uses
Best Use
Multifamily LT 5
$433.2K
$379.0K – $505.4K
NOI $30,322 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.6K
NOI $28,237 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$551.8K
$482.8K – $643.8K
NOI $38,626 @ 7.0% cap · market cap 6.90%
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
1,450
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments pair recent interior work with whole-house central air and a detached garage.
Where is this duplex located?
The property is located at 43 Cartier Street Manchester, NH.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two units, each with two bedrooms; 2,247 square feet on a 0.13‑acre lot; Detached oversized two‑car garage with upper‑level storage
