Two-Unit Duplex with Fenced
538 Somerville Street, Manchester, NH 03103
For Sale
$475,000
Two-bedroom apartments include a first-floor layout with accessibility features and private outdoor amenities.
Property Size1,680 SF
Price / SF$282.74
Days on Market59
Property Features for 538 Somerville Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fenced-in yard
patio
raised garden beds
accessibility features
Building Details
Year Built
Listing Agency:
Century 21 North East
Listed By:
Amy Longtin · License NH #7565
(978) 702-6566
Source:
Findanhhome
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 8 at 2:48AM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1950, contains two apartments with matching two-bedroom, one-bath layouts. The first-floor unit includes accessibility features supporting single-level living. Exterior amenities include a level fenced yard, patio, and raised garden beds, along with off-street parking.
The property is located at 538 Somerville St in Manchester, NH, near shopping, dining, and commuter routes. Its two-unit configuration accommodates both owner-occupant and investment use, subject to applicable requirements.
The property is located at 538 Somerville St in Manchester, NH, near shopping, dining, and commuter routes. Its two-unit configuration accommodates both owner-occupant and investment use, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 1,680 square feet
- Each apartment offers 2 bedrooms and 1 full bath
- First‑floor unit includes accessibility features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,671
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,420
$453.4K
Cap Rate 7%
$323,871
$323.9K
Cap Rate 9%
$251,900
$251.9K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$34.3K $20.40/SF
− Vacancy
−$1.9K −$1.12/SF
EGI
$32.4K $19.28/SF
− OpEx
−$9.7K −$5.78/SF
NOI
$22.7K $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%
$453,420
Cap Rate 7%
$323,871
Cap Rate 9%
$251,900
Alternative Uses
Best Use
Multifamily LT 5
$323.9K
$283.4K – $377.9K
NOI $22,671 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 6.08%
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
1,449
Businesses Nearby
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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 - Two-bedroom apartments include a first-floor layout with accessibility features and private outdoor amenities.
Where is this duplex located?
The property is located at 538 Somerville Street Manchester, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet; Each apartment offers 2 bedrooms and 1 full bath; First‑floor unit includes accessibility features
