Two-Unit Residential Income Property

455 Bridge Street Manchester, NH 03104

Claim this Listing
New
For Sale
$499,000

MULTI_FAMILY - Other - Manchester, NH

Property size:
2,230 SF
Lot size:
0.21 Acres
Price / SF:
$223/SF
Added:
Jul 9, 2026
Days on Market:
3
Last Refresh:
Jul 11 at 7:06 pm

Property Features for 455 Bridge Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2 Residential
Bedrooms
3
Bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Parking features
Garage, Off Street
Patio and Porch features
Porch
Exterior features
Garden Space, Enclosed Porch
Appliances
Electric Water Heater
Standard status
Active
Size
2,230 SF
Lot size
0.21 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7023

Utilities

Heating system
Electric (Heating), Oil, Hot Water(Heating)
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Softwood, Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other

Listing agent Greg Powers

Listing office Keller Williams Realty-Metropolitan 168 South River Rd., Bedford, NH

Listing date Jul 9, 2026

MLS# 5099039 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.


Investment Insights

Based on property information with market context.

This two-family residential income property offers a straightforward layout for rental use or conversion to a single-family home. The first floor includes two bedrooms, with one bedroom separated from the remainder of the unit by a hallway, and the second floor includes two bedrooms with potential for expansion into the large attic. Each unit has its own heat, including hot water baseboard heat via oil on the first floor and electric heat on the second, along with an individual 200-amp electric panel. Both units also include a generator hook-up and their own laundry.

The property includes a 2-car garage and plenty of parking and turnaround space. It is zoned R-2 Residential, and Derryfield Park is directly across the street.

Additional building systems noted include a boiler approximately six years old, serviced annually, and a roof that is about one year old. The home also features period details such as wood floors and natural woodwork, including a fireplace mantle on the first floor.

Key Highlights

  • 1900‑built 2‑family with garden space and enclosed porch, plus period features including wood floors and natural woodwork
  • Derryfield Park is across the street, with public recreation including playground, ball fields, tennis courts, and open fields
  • Each unit has its own heat: first floor hot water baseboard via oil, second floor electric hot water heating

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 $45.5k $20.40
− Vacancy −$2.5k −$1.12
EGI $43.0k $19.28
− OpEx −$12.9k −$5.78
NOI $30.1k $13.49
2,230 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$429.9K
$376.2K – $501.6K (±1% cap)
NOI $30,093 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$400.3K
$350.3K – $467.1K (±1% cap)
NOI $28,023 @ 7.0% cap · market cap 5.62%
Theoretical Best
Specialty Retail
$547.6K
$479.2K – $638.9K (±1% cap)
NOI $38,334 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Big Box & Wholesale Store Bakery Electrical Service Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Catering Service Daycare Center Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family property with separate heating, laundry, a 2-car garage, and ample parking under R-2 zoning.
Where is this duplex located?
The property is located at 455 Bridge Street Manchester, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1900‑built 2‑family with garden space and enclosed porch, plus period features including wood floors and natural woodwork; Derryfield Park is across the street, with public recreation including playground, ball fields, tennis courts, and open fields; Each unit has its own heat: first floor hot water baseboard via oil, second floor electric hot water heating
Contact an agent
More about this property
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