Renovated Duplex with Two-Car
For Sale
$599,000
5 Rosemont Avenue, Manchester, NH 03103
Two-unit property with private outdoor areas, separate electric services, and an owner-occupant layout in a residential setting.
Property Size1,832 SF
Price / SF$326.97
Days on Market9
Property Features for 5 Rosemont Avenue
General Information
Standard status
Active
Size
1,832 SF
Total Parking Spaces
2
Property subtype
Multi Family
Zoning
multi
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,546
Amenities
fenced yard
walk out basement
side deck
covered porch
Building Details
Year Built
1891
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
LAER Realty Partners/Goffstown
(603) 731-7228
Listed By:
Dana Ford
(603) 731-7228
Source:
Laerrealty
Added: Aug 1
Changed: Aug 8
Last Checked: Aug 9 at 4:52AM
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 LAER Realty Partners/Goffstown
Investment Insights
Based on property information with market context.
This 1,832-square-foot duplex, built in 1891, has undergone a recent interior renovation and includes a full walk-out basement, large fenced yard, two-car garage, and newer side deck serving the first floor. Each unit has a covered front porch, while separate electric services and a house meter for common utilities support distinct unit operations. The property is zoned multi and is configured for an owner occupant or investment ownership.
Set on Rosemont Avenue in South Manchester, the property occupies a residential street surrounded primarily by single-family homes. The roof is less than 1 year old, adding a recent improvement to the building’s existing features.
Set on Rosemont Avenue in South Manchester, the property occupies a residential street surrounded primarily by single-family homes. The roof is less than 1 year old, adding a recent improvement to the building’s existing features.
Key Highlights
- 1,832 SF duplex built in 1891
- Recent interior renovation and roof less than 1 year old
- Two‑car garage, large fenced yard, and full walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,440
$494.4K
Cap Rate 7%
$353,171
$353.2K
Cap Rate 9%
$274,689
$274.7K
Market Conditions
NOI Build-Up for 1,832 SF
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.
Gross rent
$37.4K $20.40/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$35.3K $19.28/SF
− OpEx
−$10.6K −$5.78/SF
NOI
$24.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,440
Cap Rate 7%
$353,171
Cap Rate 9%
$274,689
Alternative Uses
Best Use
Multifamily LT 5
$353.2K
$309.0K – $412.0K
NOI $24,722 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$328.9K
$287.8K – $383.7K
NOI $23,022 @ 7.0% cap · market cap 3.84%
Theoretical Best
Specialty Retail
$449.9K
$393.7K – $524.9K
NOI $31,492 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
549
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with private outdoor areas, separate electric services, and an owner-occupant layout in a residential setting.
Where is this duplex located?
The property is located at 5 Rosemont Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,832 SF duplex built in 1891; Recent interior renovation and roof less than 1 year old; Two‑car garage, large fenced yard, and full walk‑out basement
