Two-Unit Duplex with
521 Merrimack Street, Manchester, NH 03103
For Sale
New
$510,000
Both residences have two bedrooms, one full bathroom, and in-unit laundry; the first-floor unit also includes a partially finished basement.
Property Size2,420 SF
Price / SF$210.74
Days on Market3
Property Features for 521 Merrimack Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
partially finished basement
Building Details
Year Built
Stories
Listing Agency:
EXP Realty
Listed By:
Tanya Roux
(603) 860-1812
Source:
Laerrealty
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:45PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This 2,420-square-foot duplex was built in 1970 and contains two residences. Each unit has two bedrooms, one full bathroom, and in-unit laundry. The first-floor residence also includes a partially finished basement, adding space beyond the main living area. The property is zoned Res.
Off-street parking serves the property. Its Manchester location is described as close to major highways, grocery stores, shopping, restaurants, and everyday amenities.
Off-street parking serves the property. Its Manchester location is described as close to major highways, grocery stores, shopping, restaurants, and everyday amenities.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- In‑unit laundry in both residences
- Partially finished basement connected to the first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,657
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,140
$653.1K
Cap Rate 7%
$466,529
$466.5K
Cap Rate 9%
$362,856
$362.9K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$49.4K $20.40/SF
− Vacancy
−$2.7K −$1.12/SF
EGI
$46.7K $19.28/SF
− OpEx
−$14.0K −$5.78/SF
NOI
$32.7K $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 Rate 5%
$653,140
Cap Rate 7%
$466,529
Cap Rate 9%
$362,856
Alternative Uses
Best Use
Multifamily LT 5
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$434.4K
$380.1K – $506.9K
NOI $30,411 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$594.3K
$520.0K – $693.3K
NOI $41,600 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,473
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
$313,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Manchester, NH
Properties on Market for Duplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one full bathroom, and in-unit laundry; the first-floor unit also includes a partially finished basement.
Where is this duplex located?
The property is located at 521 Merrimack Street Manchester, NH.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; In‑unit laundry in both residences; Partially finished basement connected to the first‑floor unit
