Updated 2-Unit
739 Hall Street, Manchester, NH 03104
For Sale
New
$639,000
Two apartments combine updated interiors with separate laundry, outdoor space, and a garage.
Property Size2,085 SF
Price / SF$306.47
Days on Market5
Property Features for 739 Hall Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
washer and dryer
additional storage
hardwood flooring
yard space
off-street parking
garage
Building Details
Year Built
Stories
Listing Agency:
Nelson Real Estate NH, LLC
Listed By:
Kristyn Nelson
(603) 264-9808
Source:
Laerrealty
Added: Nov 10
Last Checked: Nov 12 at 5:00AM
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 Nelson Real Estate NH, LLC
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Investment Insights
Based on property information with market context.
This 2,085-square-foot duplex, built in 1910, contains two apartments. Each unit has two bedrooms, one full bathroom, a renovated kitchen with stainless steel appliances, and an updated bath. Hardwood floors, in-unit laundry, and additional storage are provided in both apartments. The property also includes a yard, off-street parking, and a garage.
Separate electricity and individual hot water tanks serve the units. The property is in Manchester’s North End, near downtown, retail and dining options, and major commuting routes.
Separate electricity and individual hot water tanks serve the units. The property is in Manchester’s North End, near downtown, retail and dining options, and major commuting routes.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 2,085 square feet; built in 1910
- Updated kitchens with stainless steel appliances and refreshed bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,136
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,720
$562.7K
Cap Rate 7%
$401,943
$401.9K
Cap Rate 9%
$312,622
$312.6K
Market Conditions
NOI Build-Up for 2,085 SF
Gross rent
$42.5K $20.40/SF
− Vacancy
−$2.3K −$1.12/SF
EGI
$40.2K $19.28/SF
− OpEx
−$12.1K −$5.78/SF
NOI
$28.1K $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%
$562,720
Cap Rate 7%
$401,943
Cap Rate 9%
$312,622
Alternative Uses
Best Use
Multifamily LT 5
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$374.3K
$327.5K – $436.7K
NOI $26,201 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$512.0K
$448.0K – $597.4K
NOI $35,841 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
464
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
$364,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Manchester, NH
Properties on Market for Duplexes in Manchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments combine updated interiors with separate laundry, outdoor space, and a garage.
Where is this duplex located?
The property is located at 739 Hall Street Manchester, NH.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 2,085 square feet; built in 1910; Updated kitchens with stainless steel appliances and refreshed bathrooms
