Mixed-Use
For Sale
$700,000
649 Second Street, Manchester, NH 03102
Multi-Family, Manchester, NH
Property Size2,819 SF
Lot Size0.23 Acres
Price / SF$248.32
Days on Market97
Property Features for 649 Second Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BC-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 4
Lot features
City Lot, Level
Elementary school district
Manchester Sch Dst SAU #37
Middle school district
Manchester Sch Dst SAU #37
High school district
Manchester Sch Dst SAU #37
Directions
Use GPS, parking in the back
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
Natural Gas, Ductless (Heating), Forced Air
Cooling system
Ductless, Zoned
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
Listed By:
Kelly Erwin
(603) 232-8282
Added: Jul 16
Changed: Oct 15
Last Checked: Oct 20 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,819-square-foot mixed-use triplex contains one commercial unit and two residential apartments. Separate entrances support distinct occupancy, while off-street parking adds practical functionality for the building. The property was built in 1894 with wood-frame construction, vinyl siding, a shingle roof, and a basement. Heating includes natural gas, forced air, and ductless systems; cooling is ductless and zoned. Public water serves the property.
The 0.23-acre site is located at 649 Second Street in Manchester, with access to downtown, major highways, shopping, restaurants, and other area amenities. The commercial space offers flexibility for a business occupant, while the residential units provide additional occupancy options. Specific commercial uses should be verified with the city.
The 0.23-acre site is located at 649 Second Street in Manchester, with access to downtown, major highways, shopping, restaurants, and other area amenities. The commercial space offers flexibility for a business occupant, while the residential units provide additional occupancy options. Specific commercial uses should be verified with the city.
Key Highlights
- Three‑unit mixed‑use configuration with one commercial unit and two residential apartments
- 2,819 square feet on a 0.23‑acre lot
- Separate entrances and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,041
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,820
$760.8K
Cap Rate 7%
$543,443
$543.4K
Cap Rate 9%
$422,678
$422.7K
Market Conditions
NOI Build-Up for 2,819 SF
Gross rent
$57.5K $20.40/SF
− Vacancy
−$3.2K −$1.12/SF
EGI
$54.3K $19.28/SF
− OpEx
−$16.3K −$5.78/SF
NOI
$38.0K $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%
$760,820
Cap Rate 7%
$543,443
Cap Rate 9%
$422,678
Alternative Uses
Best Use
Multifamily LT 5
$543.4K
$475.5K – $634.0K
NOI $38,041 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$506.1K
$442.8K – $590.4K
NOI $35,425 @ 7.0% cap · market cap 5.06%
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 authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property combining commercial space with two residential apartments and separate entrances.
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: Three‑unit mixed‑use configuration with one commercial unit and two residential apartments; 2,819 square feet on a 0.23‑acre lot; Separate entrances and off‑street parking
