Two-Family Residential Income
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
Days on Market11
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 Agency
RE/MAX Triumph Realty
(978) 804-2242
Listed by
Dawn Sylvester · License #53883
(978) 804-2242
Source
Lockandkeyre
Added: Jul 8 Checked: Jul 17 at 6:04 am
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.
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
- 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
NOI $28,824 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$383.5K
$335.5K – $447.4K
NOI $26,842 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$524.5K
$459.0K – $612.0K
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
Duplexes
Similar For Sale Nearby
FAQs
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
