575 Summer Street, Manchester, NH 03103
Well-maintained four-unit building with separately metered utilities, natural gas service, and laundry hookups in multiple units.
- Added:
- Jun 6, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 13 at 3:05 am
Property Features for 575 Summer Street
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agent Nikki Kalantzis (603) 433-3350
Listing office Realty One Group Next Level
Listing date Jun 6, 2026
Source Greatislandrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Next Level
HighLights
- Well‑maintained 4‑unit multifamily building built in 1920
- Over 4,300 SF of rentable living space with two 3‑bedroom units and two 1‑bedroom units
- Separately metered utilities with tenant‑paid utility expenses to help reduce owner overhead
- Natural gas service and off‑street parking available
- Laundry hookups in both 3‑bedroom units, plus additional basement laundry hookups
Overview
Three of the four units are currently occupied on month-to-month leases, and all utilities are separately metered so tenants are responsible for their own utility expenses. Ownership is supported by a utility setup designed to limit owner overhead.
The property’s tenant-ready configuration makes it a straightforward fit for buyers seeking a small residential income asset with multiple unit types and straightforward utility billing. With three units on month-to-month terms, operations may be managed with standard day-to-day flexibility while maintaining the building’s established rental structure. Group showings are scheduled for Tuesday 6/9 at 6pm, Thursday 6/11 at 12pm, and Saturday 6/13 at 1pm, by appointment only.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.1k | $20.40 |
| − Vacancy | −$4.8k | −$1.12 |
| EGI | $83.3k | $19.28 |
| − OpEx | −$25.0k | −$5.78 |
| NOI | $58.3k | $13.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4483884
- Latitude
- 42.9841022
