Two-Family Duplex with Finished
New
For Sale
$599,900
6 Ray Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size3,628 SF
Lot Size0.12 Acres
Price / SF$165.35
Days on Market1
Property Features for 6 Ray Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-1
Rooms
Basement
Lot features
City Lot
Standard status
Active
Size
3,628 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7378
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Next Level
(603) 262-3500
Listed By:
JoJo Koszalka
(603) 389-6604
Added: Oct 18
Last Checked: Oct 18 at 5:06PM
MLS# 5114773
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.
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Investment Insights
Based on property information with market context.
This 1910 duplex contains two units in a 3,628-square-foot building on a 0.12-acre lot. Both residences have hardwood floors, updated kitchens, and in-unit laundry. A walk-up attic is finished with flooring, drywall, paint, a full bathroom, heating, and its own electrical panel.
Recent work includes a roof replacement, a new boiler, and conversion from oil to natural gas. The property has vinyl siding, a shingle roof, natural gas heat, and public water. It is located at 6 Ray Street in Manchester, New Hampshire, and is zoned B-1.
Recent work includes a roof replacement, a new boiler, and conversion from oil to natural gas. The property has vinyl siding, a shingle roof, natural gas heat, and public water. It is located at 6 Ray Street in Manchester, New Hampshire, and is zoned B-1.
Key Highlights
- Two‑unit duplex built in 1910
- 3,628‑square‑foot building on a 0.12‑acre lot
- Both units include hardwood floors, updated kitchens, and in‑unit laundry
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Explore this area
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 residences include updated kitchens, hardwood flooring, and in-unit laundry, with a finished attic adding flexible space.
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 built in 1910; 3,628‑square‑foot building on a 0.12‑acre lot; Both units include hardwood floors, updated kitchens, and in‑unit laundry
