Two-Unit
6 Ray Street, Manchester, NH 03104
For Sale
$599,900
Both residences include laundry facilities and updated kitchens.
Property Size3,628 SF
Price / SF$165.35
Days on Market23
Property Features for 6 Ray Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
updated kitchens
in-unit laundry
walk-up attic
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Realty One Group Next Level
(888) 888-7653
Listed By:
Jojo Koszalka
(603) 867-0033
Source:
Appleisland
Added: Oct 18
Changed: Nov 4
Last Checked: Nov 8 at 3:46AM
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 at 6 Ray Street in Manchester, New Hampshire, dates to 1910. Its two residences have hardwood flooring, updated kitchens, and in-unit laundry. The building also includes a walk-up attic finished with drywall and flooring, with a full bathroom, heating, and a dedicated electrical panel.
Recent building work includes a new roof and boiler, along with a change from oil to natural gas. The property is zoned B-1.
Recent building work includes a new roof and boiler, along with a change from oil to natural gas. The property is zoned B-1.
Key Highlights
- Two residential units in a 3,628‑square‑foot duplex
- Both units have hardwood floors, updated kitchens, and in‑unit laundry
- Walk‑up attic has a full bathroom, heat, a dedicated electric panel, drywall, 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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Property Analytics
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Open Analytics
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
$364,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences include laundry facilities 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 residential units in a 3,628‑square‑foot duplex; Both units have hardwood floors, updated kitchens, and in‑unit laundry; Walk‑up attic has a full bathroom, heat, a dedicated electric panel, drywall, and finished flooring
