575 Summer Street, Manchester, NH 03103
MULTI_FAMILY - Other - Manchester, NH
- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 3:06 am
Property Features for 575 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential Multi Family
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bedroom 1, Bathroom 1
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9537
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Wood Frame
- Roof type
- Flat
- Architectural style
- Other
Listing agent Nikki Kalantzis (603) 389-6604
Listing office Realty One Group Next Level 40 Harvey Rd, Bedford, NH (603) 262-3500
Listing date Jun 8, 2026
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.
HighLights
- 4‑unit multifamily with over 4,300 sq ft of rentable living space
- Unit mix includes two 3‑bedroom units and two 1‑bedroom units
- All utilities are separately metered with tenants responsible for their own utility expenses
- Natural gas heating; wood‑frame construction; flat roof
- Hardwood flooring; off‑street parking included
- Laundry hookups in both 3‑bedroom units plus additional laundry hookups in the basement
Overview
Located at 575 Summer Street in Manchester, the property is set up for resident accountability with utilities separately metered for each unit. Tenants are responsible for their own utility expenses, helping streamline the owner’s utility overhead. The property sits on a 0.12-acre lot and is zoned for Residential Multi Family use.
From an ownership perspective, the unit mix supports a range of household needs while maintaining a consistent rental structure. As of now, three of the four units are occupied on month-to-month leases, which may offer flexibility for a buyer to manage occupancy timing. Group showings are scheduled for Tuesday 6/8 at 6pm, Thursday 6/10 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
- -71.4483545
- Latitude
- 42.9840966
