Two-Family Residential Income Property

644 Pine Street Manchester, NH 03104

Claim this Listing
New
For Sale
$525,000

MULTI_FAMILY - Manchester, NH

Property size:
2,136 SF
Lot size:
0.09 Acres
Price / SF:
$245/SF
Added:
Jul 8, 2026
Days on Market:
4
Last Refresh:
Jul 11 at 7:06 pm

Property Features for 644 Pine Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Parking
6
Standard status
Active
APN
340722
Size
2,136 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
6185

Building Details

Year built
1920
Floors in Building
2
Number of units
2

Listing agent Paul Dunton License #456001754

Listing office RE/MAX Triumph Realty 655 Boston Road, BIllerica, NH

Listing date Jul 8, 2026

MLS# 73546681 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-family residential income property offers two separate units with their own laundry. The first-floor unit is currently occupied, while the second-floor unit is vacant, providing flexibility for an owner-occupant setup or the ability to lease the second unit upon takeover. The layout includes a shared front entrance with separate back entrances for each unit.

The property includes parking for both units. Systems are separated, with individual heating, hot water, and electrical services for each unit.

Overall, it presents as a practical two-family configuration in a small lot setting, suited for buyers seeking a duplex with in-unit laundry and independent utilities.

Key Highlights

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

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Home Appliance Store (Bike/Boat/Book/etc) Store Florist Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Two-unit duplex with separate entrances, on-site laundry in each unit, and separate utilities.
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 home built in 1920 with two separate units; First floor is currently occupied; second‑floor unit is vacant; Each unit has its own laundry
Contact an agent
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