Duplex with Updated Building
For Sale
$429,900
481 Hall St, Manchester, NH 03103
Two-unit property with separate utilities, off-street parking, porches, decks, and residential interiors featuring hardwood flooring.
Property Size1,474 SF
Price / SF$291.66
Days on Market47
Property Features for 481 Hall St
General Information
Standard status
Active
Size
1,474 SF
Property subtype
Multi-Family
Amenities
enclosed porch
eat-in kitchen with dishwasher
built in coffee station
laundry room
hardwood floors
walk-in tile shower
built-ins
patio area
deck
Building Details
Year Built
1915
Listing Agency:
Erwin Real Estate
Listed By:
Kristy Morency
(603) 345-4024
Source:
Katieoddy
Added: Sep 2
Changed: Oct 9
Last Checked: Oct 7 at 5:43PM
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 Erwin Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains 1,474 square feet and was built in 1915. The property includes two residential units, with each unit paying its own utilities. Building updates include boilers, hot water heaters, vinyl windows, and blown-in insulation. Interior details include hardwood flooring, built-in storage, and distinctive arched doorways. The first-floor unit offers an enclosed porch, eat-in kitchen with dishwasher, coffee station, laundry room, and tile shower. The second-floor unit includes a deck, while the property also has a patio and off-street parking.
Positioned on a corner lot near a park, the property is located at 481 Hall Street in Manchester, New Hampshire. Zoning is RX1, and the property is offered with tenants at will.
Positioned on a corner lot near a park, the property is located at 481 Hall Street in Manchester, New Hampshire. Zoning is RX1, and the property is offered with tenants at will.
Key Highlights
- 1,474‑square‑foot duplex on a corner lot near a park
- Built in 1915 with updated boilers, hot water heaters, vinyl windows, and blown‑in insulation
- Each unit pays its own utilities; tenancy is TAW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,891
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,820
$397.8K
Cap Rate 7%
$284,157
$284.2K
Cap Rate 9%
$221,011
$221.0K
Market Conditions
NOI Build-Up for 1,474 SF
Gross rent
$30.1K $20.40/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$28.4K $19.28/SF
− OpEx
−$8.5K −$5.78/SF
NOI
$19.9K $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%
$397,820
Cap Rate 7%
$284,157
Cap Rate 9%
$221,011
Alternative Uses
Best Use
Multifamily LT 5
$284.2K
$248.6K – $331.5K
NOI $19,891 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$264.6K
$231.5K – $308.7K
NOI $18,523 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$362.0K
$316.7K – $422.3K
NOI $25,338 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,586
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?
Duplex - Two-unit property with separate utilities, off-street parking, porches, decks, and residential interiors featuring hardwood flooring.
Where is this duplex located?
The property is located at 481 Hall St Manchester, NH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 1,474‑square‑foot duplex on a corner lot near a park; Built in 1915 with updated boilers, hot water heaters, vinyl windows, and blown‑in insulation; Each unit pays its own utilities; tenancy is TAW
