Victorian Duplex with Updated
For Sale
$525,000
495 Manchester Street, Manchester, NH 03101
Two residential units combine high ceilings, in-unit laundry hookups, and attic storage.
Property Size2,396 SF
Price / SF$219.12
Days on Market8
Property Features for 495 Manchester Street
General Information
Standard status
Active
Size
2,396 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
in-unit laundry hookups
off-street parking
attic storage
front porch
Building Details
Year Built
1901
Buildings
1
Construction
Victorian
Listing Agency:
Prestige Homes Real Estate,LLC
Listed By:
Nicholas Pelletier
(978) 995-6936
Source:
Mbgre
Added: Oct 13
Changed: Oct 19
Last Checked: Oct 19 at 8:37AM
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 Prestige Homes Real Estate,LLC
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Investment Insights
Based on property information with market context.
This 1901 Victorian duplex contains two units with 2,396 square feet. Both offer spacious living areas, 10-foot ceilings, updated kitchens with granite countertops and newer appliances, and hookups for in-unit laundry. The property also includes attic storage and a front porch. Recent work includes a roof replacement in 2019, a remodeled farmer’s porch in 2020, whole-house insulation in 2021, exterior painting, updated bathroom floor tile, interior painting, and a pellet stove installed in 2020. Hot water tanks are three years old.
The second-floor unit is leased. The property is in Manchester’s Hanover Hill neighborhood, near Derryfield Park, downtown Manchester, shopping, restaurants, and major commuting routes. It also has off-street parking.
The second-floor unit is leased. The property is in Manchester’s Hanover Hill neighborhood, near Derryfield Park, downtown Manchester, shopping, restaurants, and major commuting routes. It also has off-street parking.
Key Highlights
- Two‑unit Victorian property built in 1901
- 2,396 square feet
- 10‑foot ceilings in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,333
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,660
$646.7K
Cap Rate 7%
$461,900
$461.9K
Cap Rate 9%
$359,256
$359.3K
Market Conditions
NOI Build-Up for 2,396 SF
Gross rent
$48.9K $20.40/SF
− Vacancy
−$2.7K −$1.12/SF
EGI
$46.2K $19.28/SF
− OpEx
−$13.9K −$5.78/SF
NOI
$32.3K $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%
$646,660
Cap Rate 7%
$461,900
Cap Rate 9%
$359,256
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.2K – $538.9K
NOI $32,333 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$430.1K
$376.4K – $501.8K
NOI $30,109 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$588.4K
$514.8K – $686.5K
NOI $41,187 @ 7.0% cap · market cap 7.85%
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
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 03101, NH
3,885
Population
2,247
Households
1.7
Avg Household Size
35
Median Age
49%
College-Educated
92%
High-School Grad
0.8 sq mi
ZIP Area
4,856
Density / Sq Mi
$80,483
Median Household Income
$56,974
Median Earnings
$1,587
Median Rent
$418,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine high ceilings, in-unit laundry hookups, and attic storage.
Where is this duplex located?
The property is located at 495 Manchester Street Manchester, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit Victorian property built in 1901; 2,396 square feet; 10‑foot ceilings in both units
