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Two-Family Residential Income Property

644 Pine Street Manchester, NH 03104

644 Pine Street, Manchester, NH, 03104

$525,000

For Sale

$525,000

Well-positioned two-unit property with in-unit laundry, separate utilities, and dedicated parking for both units.

Property Size2,136 SF

Price / SF$245.79

AddedJul 8

Days on Market9

Last RefreshJul 16 at 6:18 am

Property Features for 644 Pine Street

General Information

Standard status: Active
Size: 2,136 SF
Property subtype: 2 Family - 2 Units Up/Down

Building Details

Year Built: 1920

Listing office RE/MAX Triumph Realty

Listing date Jul 8, 2026

Source Lockandkeyre

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 RE/MAX Triumph Realty

Investment Insights

Based on property information with market context.

This two-family residential income property includes two separate units, with laundry facilities available in each unit. The first-floor unit is currently occupied, while the second-floor unit is vacant and ready for immediate occupancy. The property features shared front entrance with separate back entrances for each unit.

Both units include their own parking. Utilities are separated, with separate heating, hot water, and electrical services for each unit.

The current setup supports either owner-occupancy with a tenant on the other level or leasing both units. Shared access at the front and separate entrances at the rear provide practical day-to-day separation between the units.

Key Highlights

Two‑family property built in 1920 with two separate units
Each unit includes its own laundry
First‑floor unit is currently occupied; second‑floor unit is vacant

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.6k	$20.40
− Vacancy	−$2.4k	−$1.12
EGI	$41.2k	$19.28
− OpEx	−$12.4k	−$5.78
NOI	$28.8k	$13.49

2,136 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$411.8K

$360.3K – $480.4K (±1% cap)

NOI $28,824 @ 7.0% cap · market cap 5.49%

Second Best

Apartment 5plus

$383.5K

$335.5K – $447.4K (±1% cap)

NOI $26,842 @ 7.0% cap · market cap 5.11%

Theoretical Best

Specialty Retail

$524.5K

$459.0K – $612.0K (±1% cap)

NOI $36,718 @ 7.0% cap · market cap 6.99%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Duplexes
NH
Manchester
03104
644 Pine Street

What type of property is this?

Duplex - Well-positioned two-unit property with in-unit laundry, separate utilities, and dedicated parking for both units.

Where is this duplex located?

The property is located at 644 Pine Street Manchester, NH.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Two‑family property built in 1920 with two separate units; Each unit includes its own laundry; First‑floor unit is currently occupied; second‑floor unit is vacant