Two-Unit Duplex with Separate
For Sale
$475,000
644 Pine Street, Manchester, NH 03104
Residential Income, Manchester, NH
Property Size2,136 SF
Lot Size0.09 Acres
Price / SF$222.38
Days on Market114
Property Features for 644 Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking
6
Directions
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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
Amenities
in-unit laundry
parking
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Triumph Realty · RE/MAX International
(978) 262-9665
Listed By:
Paul Dunton
(978) 857-0351
Added: Jul 8
Changed: Oct 29
Last Checked: Oct 29 at 4:06AM
MLS# 73546681
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,136 square feet and was built in 1920. Both apartments have their own laundry and parking. A shared front entry serves the property, while each unit also has a separate rear entrance. Heating, hot water, and electrical service are separately metered or provided for each unit.
The first-floor apartment is occupied, and the second-floor unit is vacant. The property is zoned Res and sits on a 0.09-acre lot in Manchester, New Hampshire.
The first-floor apartment is occupied, and the second-floor unit is vacant. The property is zoned Res and sits on a 0.09-acre lot in Manchester, New Hampshire.
Key Highlights
- Two residential units totaling 2,136 square feet
- Built in 1920 on a 0.09‑acre lot
- Laundry and parking provided for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,824
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,480
$576.5K
Cap Rate 7%
$411,771
$411.8K
Cap Rate 9%
$320,267
$320.3K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$43.6K $20.40/SF
− Vacancy
−$2.4K −$1.12/SF
EGI
$41.2K $19.28/SF
− OpEx
−$12.4K −$5.78/SF
NOI
$28.8K $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%
$576,480
Cap Rate 7%
$411,771
Cap Rate 9%
$320,267
Alternative Uses
Best Use
Multifamily LT 5
$411.8K
$360.3K – $480.4K
NOI $28,824 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$383.5K
$335.5K – $447.4K
NOI $26,842 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$524.5K
$459.0K – $612.0K
NOI $36,718 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,337
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has in-unit laundry, parking, and independent heating, hot water, and electrical systems.
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 $475,000.
What are key features of this property?
This property features: Two residential units totaling 2,136 square feet; Built in 1920 on a 0.09‑acre lot; Laundry and parking provided for both units
