Two-Family Duplex with Fenced
For Sale
$499,900
538 Somerville Street, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size1,680 SF
Lot Size0.15 Acres
Price / SF$297.56
Days on Market27
Property Features for 538 Somerville Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
Exterior features
Balcony, Full Fence, Garden Space, Covered Porch, Screened Porch
Fencing
Fenced
Lot features
Level
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
Please use GPS
Standard status
Active
Size
1,680 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6168
Utilities
Heating system
Forced Air
Water source
Public
Amenities
fenced-in yard
patio
raised garden beds
off-street parking
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 North East · Century 21 Real Estate
(603) 893-8230
Listed By:
Amy Longtin
(617) 293-5235
Added: Sep 10
Changed: Oct 4
Last Checked: Oct 6 at 2:06AM
MLS# 5109301
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.
This 1950 duplex contains 1,680 square feet across two residential units, with each apartment arranged as two bedrooms and one full bathroom. The first-floor unit includes accessibility features for single-level use. Vinyl siding, forced-air heat, public water, shingle roofing, and a basement are among the property improvements.
The 0.15-acre parcel provides a level, fenced yard with a patio and raised garden beds. Additional exterior features include a covered porch, screened porch, balcony, and garden space. Generous off-street parking is provided, and the property is located in Manchester near shopping, dining, and commuter routes. Residential zoning supports the existing duplex configuration for owner-occupant or investor use.
The 0.15-acre parcel provides a level, fenced yard with a patio and raised garden beds. Additional exterior features include a covered porch, screened porch, balcony, and garden space. Generous off-street parking is provided, and the property is located in Manchester near shopping, dining, and commuter routes. Residential zoning supports the existing duplex configuration for owner-occupant or investor use.
Key Highlights
- Two‑unit duplex with 1,680 square feet of property size
- Each unit includes 2 bedrooms and 1 full bathroom
- First‑floor apartment offers accessibility features for single‑level living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,671
Cap Rate
4.54%
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 4.54%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,449
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 - Residentially zoned two-unit property with accessible first-floor living, off-street parking, and a level outdoor area.
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 $499,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet of property size; Each unit includes 2 bedrooms and 1 full bathroom; First‑floor apartment offers accessibility features for single‑level living
