Duplex with Finished
For Sale
$599,900
6 Ray Street, Manchester, NH 03104
Two separate residences offer in-unit laundry, hardwood flooring, and updated kitchens.
Property Size3,628 SF
Price / SF$165.35
Days on Market13
Property Features for 6 Ray Street
General Information
Standard status
Active
Size
3,628 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Straw/ Smyth
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
walk-up attic
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Realty One Group Next Level
Listed By:
JoJo Koszalka
(603) 673-7314
Source:
Proctorandgreene
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 24 at 9:09PM
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 Realty One Group Next Level
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Investment Insights
Based on property information with market context.
This 3,628-square-foot duplex, built in 1910, contains two units with hardwood floors, updated kitchens, and in-unit laundry. A walk-up attic adds finished space with a full bathroom, heating, a dedicated electric panel, drywall, paint, and finished flooring. Recent work includes a new roof and boiler, along with a switch from oil to natural gas.
The property is at 6 Ray Street in Manchester’s North End.
The property is at 6 Ray Street in Manchester’s North End.
Key Highlights
- Two‑unit duplex totaling 3628 SF
- Both units have hardwood floors, updated kitchens, and in‑unit laundry
- Walk‑up attic has a full bathroom, heating, dedicated electric panel, drywall, paint, and finished flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,958
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,160
$979.2K
Cap Rate 7%
$699,400
$699.4K
Cap Rate 9%
$543,978
$544.0K
Market Conditions
NOI Build-Up for 3,628 SF
Gross rent
$74.0K $20.40/SF
− Vacancy
−$4.1K −$1.12/SF
EGI
$69.9K $19.28/SF
− OpEx
−$21.0K −$5.78/SF
NOI
$49.0K $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%
$979,160
Cap Rate 7%
$699,400
Cap Rate 9%
$543,978
Alternative Uses
Best Use
Multifamily LT 5
$699.4K
$612.0K – $816.0K
NOI $48,958 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$651.3K
$569.9K – $759.9K
NOI $45,591 @ 7.0% cap · market cap 7.60%
Theoretical Best
Specialty Retail
$890.9K
$779.6K – $1.04M
NOI $62,365 @ 7.0% cap · market cap 10.40%
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
1,315
Businesses Nearby
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Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer in-unit laundry, hardwood flooring, and updated kitchens.
Where is this duplex located?
The property is located at 6 Ray Street Manchester, NH.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 3628 SF; Both units have hardwood floors, updated kitchens, and in‑unit laundry; Walk‑up attic has a full bathroom, heating, dedicated electric panel, drywall, paint, and finished flooring
