Mixed-Use Three-Unit
649 Second Street Manchester, NH 03102
New
649 Second Street, Manchester, NH, 03102
$700,000
For Sale
$700,000
MULTI_FAMILY - Other - Manchester, NH
Property Size2,819 SF
Lot Size0.23 Acres
Price / SF$248.32
Days on Market6
Property Features for 649 Second Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BC-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1, Bathroom 2
- Standard status
- Active
- Size
- 2,819 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5983
Utilities
- Heating system
- Ductless (Heating), Forced Air, Natural Gas
- Cooling system
- Zoned, Ductless
- Water source
- Public
Building Details
- Year built
- 1894
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed by
Kelly Erwin
(603) 232-8282
Added: Jul 16 Updated: Jul 21 at 12:54AM Checked: Jul 21 at 10:06AM
MLS# 5100837
Copyright © 2026 PrimeMLS. 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 three-unit mixed-use property includes one commercial unit and two residential apartments. The building is configured with separate entrances and includes off-street parking to support independent access for occupants.
The property is located at 649 Second Street in Manchester, within the BC-2 General Business District. The seller notes that buyer should verify specific uses with the City.
With a combination of commercial and residential space under one roof, the property can support a mixed-income setup while maintaining flexible use based on confirmed zoning and approvals.
The property is located at 649 Second Street in Manchester, within the BC-2 General Business District. The seller notes that buyer should verify specific uses with the City.
With a combination of commercial and residential space under one roof, the property can support a mixed-income setup while maintaining flexible use based on confirmed zoning and approvals.
Key Highlights
- 3‑unit mixed‑use property in Manchester’s B‑2 General Business District with 1 commercial unit and 2 residential apartments
- Residential areas and commercial space with separate entrances plus off‑street parking
- Heating includes natural gas with ductless systems and forced air; cooling includes zoned and ductless
Local Financial Insights For Retail
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 | $60.9k | $21.60 |
| − Vacancy | −$3.0k | −$1.08 |
| EGI | $57.8k | $20.52 |
| − OpEx | −$17.4k | −$6.16 |
| NOI | $40.5k | $14.36 |
2,819 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$578.5K
$506.2K – $674.9K
NOI $40,492 @ 7.0% cap · market cap 5.78%
Second Best
Multifamily LT 5
$543.4K
$475.5K – $634.0K
NOI $38,041 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$692.3K
$605.7K – $807.7K
NOI $48,459 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gabe Cohen Associates
Real Estate Agency
Access Data Personnel
Employment Agency
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FAQs
What type of property is this?
Triplex - Three-unit property with one commercial unit and two residential apartments, zoned BC-2, with separate entrances and off-street parking.
Where is this triplex located?
The property is located at 649 Second Street Manchester, NH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3‑unit mixed‑use property in Manchester’s B‑2 General Business District with 1 commercial unit and 2 residential apartments; Residential areas and commercial space with separate entrances plus off‑street parking; Heating includes natural gas with ductless systems and forced air; cooling includes zoned and ductless
