4-Unit
475 wilson Street, Manchester, NH 03103
For Sale
New
$779,900
Multi-Family, Manchester, NH
Property Size3,547 SF
Lot Size0.13 Acres
Price / SF$219.88
Days on Market5
Property Features for 475 wilson Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Andrew Caudill
(603) 384-8999
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 5117298
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 3,547-square-foot quadplex contains four apartments: one with 4 bedrooms and 1.5 bathrooms, one with 3 bedrooms and 2 bathrooms, and two with 1 bedroom and 1 bathroom each. All units received full renovations at turnover. The two one-bedroom apartments are rented; the other two units are vacant. The property was built in 1920 and has wood-frame construction with vinyl siding, a shingle roof, and oil, natural gas, and steam heating. Public water serves the building.
The 0.13-acre parcel includes off-street parking for four vehicles, with room to expand the parking area. Restaurants, downtown nightlife, parks, trails, hospitals, shopping, and highway access are described as within a 20-minute drive. The property is zoned MX-2.
The 0.13-acre parcel includes off-street parking for four vehicles, with room to expand the parking area. Restaurants, downtown nightlife, parks, trails, hospitals, shopping, and highway access are described as within a 20-minute drive. The property is zoned MX-2.
Key Highlights
- Four apartments: one 4‑bedroom/1.5‑bath, one 3‑bedroom/2‑bath, and two 1‑bedroom/1‑bath units
- 3,547 square feet on a 0.13‑acre lot
- Two one‑bedroom units are rented; the two larger units are vacant and turnkey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,865
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,300
$957.3K
Cap Rate 7%
$683,786
$683.8K
Cap Rate 9%
$531,833
$531.8K
Market Conditions
NOI Build-Up for 3,547 SF
Gross rent
$72.4K $20.40/SF
− Vacancy
−$4.0K −$1.12/SF
EGI
$68.4K $19.28/SF
− OpEx
−$20.5K −$5.78/SF
NOI
$47.9K $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%
$957,300
Cap Rate 7%
$683,786
Cap Rate 9%
$531,833
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,865 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$636.8K
$557.2K – $742.9K
NOI $44,573 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$871.0K
$762.2K – $1.02M
NOI $60,973 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two apartments are rented, while the two larger units are vacant and turnkey.
Where is this quadplex located?
The property is located at 475 wilson Street Manchester, NH.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Four apartments: one 4‑bedroom/1.5‑bath, one 3‑bedroom/2‑bath, and two 1‑bedroom/1‑bath units; 3,547 square feet on a 0.13‑acre lot; Two one‑bedroom units are rented; the two larger units are vacant and turnkey
