Two-Unit Duplex with Separate
For Sale
$530,000
606 Hanover St, Manchester, NH 03104
Each residence has its own outdoor area, with a deck serving one unit and a patio serving the other.
Property Size1,792 SF
Price / SF$295.76
Days on Market10
Property Features for 606 Hanover St
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,772
Amenities
deck
patio
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Ann Bennett
(603) 682-7744
Source:
Exprealty
Added: Oct 1
Changed: Oct 8
Last Checked: Oct 7 at 2:25PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Outdoor space is divided between a deck at Unit 1 and a private patio at Unit 2. Both units have recently installed water heaters, and each has a separate driveway. The property occupies a corner lot in Manchester, New Hampshire.
Tenants pay their own utilities. The two-unit configuration and separate outdoor areas provide distinct living spaces within one property.
Tenants pay their own utilities. The two-unit configuration and separate outdoor areas provide distinct living spaces within one property.
Key Highlights
- Two‑unit duplex totaling 1,792 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Unit 1 includes a deck; Unit 2 has a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,182
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,640
$483.6K
Cap Rate 7%
$345,457
$345.5K
Cap Rate 9%
$268,689
$268.7K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$36.6K $20.40/SF
− Vacancy
−$2.0K −$1.12/SF
EGI
$34.5K $19.28/SF
− OpEx
−$10.4K −$5.78/SF
NOI
$24.2K $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%
$483,640
Cap Rate 7%
$345,457
Cap Rate 9%
$268,689
Alternative Uses
Best Use
Multifamily LT 5
$345.5K
$302.3K – $403.0K
NOI $24,182 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.3K
NOI $22,519 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,366
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own outdoor area, with a deck serving one unit and a patio serving the other.
Where is this duplex located?
The property is located at 606 Hanover St Manchester, NH.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,792 square feet; Each unit has 2 bedrooms and 1 bathroom; Unit 1 includes a deck; Unit 2 has a private patio
