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Two-Family Duplex
New
For Sale
$510,000

440 Gold St, Manchester, NH 03103

The second residence offers rental income potential alongside a separate unit for occupancy.

Property Size1,432 SF
Price / SF$356.15
Days on Market5

Property Features for 440 Gold St

General Information

Standard status Active
Size 1,432 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1945
Buildings 1
Listing Agency: Keller Williams Realty-Metropolitan
Listed By: Michael Caouette
Source: 603luxury
Added: Oct 2 Changed: Oct 3 Last Checked: Oct 5 at 8:11PM

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 Keller Williams Realty-Metropolitan

Investment Insights

Based on property information with market context.

This duplex contains two residential units within a 1,432-square-foot building constructed in 1945. Its two-unit configuration provides separate living spaces, with one unit available for occupancy and the other offering rental income potential.

The property is at 440 Gold St in Manchester, New Hampshire. The source information notes proximity to major highways, shopping, dining, schools, and downtown Manchester.

Key Highlights

  • Two residential units
  • 1,432‑square‑foot building
  • Built in 1945

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$19,324
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,480 $386.5K
Cap Rate 7%
$276,057 $276.1K
Cap Rate 9%
$214,711 $214.7K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$29.2K $20.40/SF
− Vacancy
−$1.6K −$1.12/SF
EGI
$27.6K $19.28/SF
− OpEx
−$8.3K −$5.78/SF
NOI
$19.3K $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%
$386,480
Cap Rate 7%
$276,057
Cap Rate 9%
$214,711

Alternative Uses

Best Use
Multifamily LT 5
$276.1K
$241.6K – $322.1K (±1% cap)
NOI $19,324 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$257.1K
$224.9K – $299.9K (±1% cap)
NOI $17,995 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$351.7K
$307.7K – $410.3K (±1% cap)
NOI $24,616 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Barber Shop Parking Lot & Garage Catering Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

374
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - The second residence offers rental income potential alongside a separate unit for occupancy.
Where is this duplex located?
The property is located at 440 Gold St Manchester, NH.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two residential units; 1,432‑square‑foot building; Built in 1945
More about this property
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