Duplex with Updated Mechanical
For Sale
$429,900
481 Hall Street, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size1,474 SF
Lot Size0.06 Acres
Price / SF$291.66
Days on Market37
Property Features for 481 Hall Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
rx1
Rooms
Basement
Patio and Porch features
Deck, Porch, Patio
Exterior features
Deck, Patio, Enclosed Porch
Appliances
Separate Water Heater
Lot features
Corner
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Directions
corner of Laurel and Hall St
Standard status
Active
Size
1,474 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5034
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
large enclosed porch
eat-in kitchen with dishwasher
built in coffee station
laundry room
hardwood floors
walk-in tile shower
built-ins
great patio area
arched doorways
good sized deck
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Erwin Real Estate
Listed By:
Kristy Morency
(603) 345-4024
Added: Aug 31
Changed: Sep 24
Last Checked: Oct 6 at 8:06AM
MLS# 5107503
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.
Built in 1915, this 1,474-square-foot duplex occupies a 0.06-acre corner lot at 481 Hall Street in Manchester. The property has a wood-frame structure, shingle roof, public water, natural-gas heat, and separate water heaters. Recent improvements include brand-new boilers, new hot water heaters, vinyl windows, and blown-in insulation.
The first-floor unit includes an enclosed porch, eat-in kitchen with dishwasher, built-in coffee station, laundry room, hardwood flooring, built-ins, and a tiled walk-in shower. The second floor features hardwood floors, arched doorways, built-ins, and a deck. A patio, additional deck space, and plenty of off-street parking serve the property. Each unit is responsible for its own utilities, and the property is zoned RX1.
The first-floor unit includes an enclosed porch, eat-in kitchen with dishwasher, built-in coffee station, laundry room, hardwood flooring, built-ins, and a tiled walk-in shower. The second floor features hardwood floors, arched doorways, built-ins, and a deck. A patio, additional deck space, and plenty of off-street parking serve the property. Each unit is responsible for its own utilities, and the property is zoned RX1.
Key Highlights
- 1,474‑square‑foot duplex on a 0.06‑acre corner lot
- Brand‑new boilers, new hot water heaters, vinyl windows, and blown‑in insulation
- Each unit pays its own utilities; separate water heaters included
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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate utility responsibility, off-street parking, outdoor areas, and a mix of original character and modern updates.
Where is this duplex located?
The property is located at 481 Hall Street 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 0.06‑acre corner lot; Brand‑new boilers, new hot water heaters, vinyl windows, and blown‑in insulation; Each unit pays its own utilities; separate water heaters included
