Duplex with Fenced
For Sale
$535,000
Pending
440 Kelley St, Manchester, NH 03102
Two-level configuration offers seven bedrooms across two residential units with flexible occupancy options.
Property Size3,492 SF
Days on Market53
Property Features for 440 Kelley St
General Information
Standard status
Pending
Size
3,492 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Rimmon Heights
Additional Details
Multifamily Units
2
Amenities
fenced-in yard
patio
basketball hoop
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Aaron Woods Of Badger Peabody & Smith Realty/Plymouth
Listed By:
Chadd Dempsey Real Estate Experts
(603) 472-1010
Source:
Dempseyteam
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 24 at 4:48PM
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 Aaron Woods Of Badger Peabody & Smith Realty/Plymouth
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Investment Insights
Based on property information with market context.
Located at 440 Kelley St in Manchester, this duplex contains two residential units arranged in an up-and-down configuration. The property provides 3,492 square feet of finished space, with 7 bedrooms and 3 bathrooms in total. Both units include galley kitchens, and the building has received updates over time. Constructed in 1930, it combines established residential character with substantial interior space.
Exterior amenities include a fenced yard, a large patio, and a basketball hoop. The layout can accommodate an owner-occupant who lives in one unit while leasing the other, or an investor seeking a two-unit residential property. Walk Score is 65, rated Somewhat Walkable, while Bike Score is 55, rated Bikeable.
Exterior amenities include a fenced yard, a large patio, and a basketball hoop. The layout can accommodate an owner-occupant who lives in one unit while leasing the other, or an investor seeking a two-unit residential property. Walk Score is 65, rated Somewhat Walkable, while Bike Score is 55, rated Bikeable.
Key Highlights
- Two‑unit duplex with 3,492 square feet of finished space
- 7 bedrooms and 3 bathrooms
- Up‑and‑down unit arrangement with galley kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,123
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,460
$942.5K
Cap Rate 7%
$673,186
$673.2K
Cap Rate 9%
$523,589
$523.6K
Market Conditions
NOI Build-Up for 3,492 SF
Gross rent
$71.2K $20.40/SF
− Vacancy
−$3.9K −$1.12/SF
EGI
$67.3K $19.28/SF
− OpEx
−$20.2K −$5.78/SF
NOI
$47.1K $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%
$942,460
Cap Rate 7%
$673,186
Cap Rate 9%
$523,589
Alternative Uses
Best Use
Multifamily LT 5
$673.2K
$589.0K – $785.4K
NOI $47,123 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$626.9K
$548.5K – $731.4K
NOI $43,882 @ 7.0% cap · market cap 8.20%
Theoretical Best
Specialty Retail
$857.5K
$750.3K – $1.00M
NOI $60,027 @ 7.0% cap · market cap 11.22%
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
388
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-level configuration offers seven bedrooms across two residential units with flexible occupancy options.
Where is this duplex located?
The property is located at 440 Kelley St Manchester, NH.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,492 square feet of finished space; 7 bedrooms and 3 bathrooms; Up‑and‑down unit arrangement with galley kitchens
