Well-Maintained Six-Unit Apartment
For Sale
$1,350,000
Pending
670 Harvard Street, Manchester, NH 03103
Six-unit apartment building with spacious units and off-street parking.
Property Size9,692 SF
Days on Market226
Property Features for 670 Harvard Street
General Information
Standard status
Pending
Size
9,692 SF
Property subtype
Residential Income
Zoning
MDL-03
Site & Location
Neighborhood
Somerville
Taxes and HOA fees
Annual Taxes
$13,188
Amenities
Concrete, Dirt Floor, Walk-Out Access
Paved
Apartment Building
Building Details
Building Size
9,692 SF
Year Built
1920
Stories
3
Listed By:
Norman Boyd
(603) 296-7047
Source:
Evrealestate
Added: Mar 12
Changed: Oct 20
Last Checked: Oct 23 at 7:26AM
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 Norman Boyd
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Investment Insights
Based on property information with market context.
This well-maintained apartment building features six units, each offering three bedrooms and one bathroom. The units are equipped with gas heat, and each includes one off-street parking space. The property offers consistent rental appeal with generously sized units and practical amenities for tenants. The location has a Walk Score of 98, indicating it is a Walker's Paradise, and a Bike Score of 54, indicating it is Bikeable. This property presents a solid investment opportunity with strong income potential.
Key Highlights
- Walker's Paradise with a Walk Score of 98
- Six spacious three‑bedroom, one‑bath units
- Strong income potential for investors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,345
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,826,900
$1.8M
Cap Rate 7%
$1,304,929
$1.3M
Cap Rate 9%
$1,014,944
$1.0M
Market Conditions
NOI Build-Up for 7,269 SF
Gross rent
$174.5K $24.00/SF
− Vacancy
−$8.4K −$1.15/SF
EGI
$166.1K $22.85/SF
− OpEx
−$74.7K −$10.28/SF
NOI
$91.3K $12.57/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,826,900
Cap Rate 7%
$1,304,929
Cap Rate 9%
$1,014,944
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,345 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.08M
NOI $124,954 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
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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?
Apartment building - Six-unit apartment building with spacious units and off-street parking.
Where is this apartment building located?
The property is located at 670 Harvard Street Manchester, NH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Walker's Paradise with a Walk Score of 98; Six spacious three‑bedroom, one‑bath units; Strong income potential for investors
