Corner Duplex with Separate
651 Summer Street Manchester, NH 03103
For Sale
$550,000
Well-maintained corner lot duplex with two units, separate utilities, and washer/dryer hook-ups.
Property Size2,394 SF
Price / SF$229.74
Days on Market341
Property Features for 651 Summer Street
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Multi Family
Building Details
Year Built
1910
Listing Agency:
EXP Realty
(603) 548-3016
Listed By:
Sara Lucas
(603) 548-3016
Source:
Compass
Added: Aug 21, 2025
Changed: Jul 21
Last Checked: Jul 23 at 7:05AM
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 EXP Realty
Investment Insights
Based on property information with market context.
Well-maintained duplex on a corner lot featuring two separate units. The first unit offers three bedrooms and two bathrooms, while the second unit offers two bedrooms and one bathroom. Both units include washer and dryer hook-ups, and utilities are separated for tenant convenience and operational clarity.
A paved driveway provides parking space for up to four cars, supporting straightforward day-to-day access for residents.
The property is configured as a duplex with distinct unit layouts and independent utilities, making it suitable for rental use or owner-occupation where applicable.
A paved driveway provides parking space for up to four cars, supporting straightforward day-to-day access for residents.
The property is configured as a duplex with distinct unit layouts and independent utilities, making it suitable for rental use or owner-occupation where applicable.
Key Highlights
- Duplex on a corner lot with 2 units and separate utilities
- Unit 1 features 3 bedrooms, 2 full bathrooms, and washer/dryer hook‑ups
- Unit 2 features 2 bedrooms, 1 full bathroom, and washer/dryer hook‑ups
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 | $48.8k | $20.40 |
| − Vacancy | −$2.7k | −$1.12 |
| EGI | $46.2k | $19.28 |
| − OpEx | −$13.8k | −$5.78 |
| NOI | $32.3k | $13.49 |
2,394 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.5K
$403.8K – $538.4K
NOI $32,306 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$429.8K
$376.1K – $501.4K
NOI $30,084 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$587.9K
$514.4K – $685.9K
NOI $41,153 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained corner lot duplex with two units, separate utilities, and washer/dryer hook-ups.
Where is this duplex located?
The property is located at 651 Summer Street Manchester, NH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex on a corner lot with 2 units and separate utilities; Unit 1 features 3 bedrooms, 2 full bathrooms, and washer/dryer hook‑ups; Unit 2 features 2 bedrooms, 1 full bathroom, and washer/dryer hook‑ups
