Georgian-Style Duplex with Private
For Sale
$589,000
754 Rimmon St, Manchester, NH 03102
Vacant two-family property with separate utilities, fenced outdoor space, and flexible bonus rooms in each residence.
Property Size2,734 SF
Price / SF$215.44
Days on Market21
Property Features for 754 Rimmon St
General Information
Standard status
Active
Size
2,734 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,556
Amenities
fenced yard
patio
storage shed
full basement
third-floor walk-up attic
private off-street parking
Building Details
Buildings
1
Construction
Georgian-style
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
The Coa Group
(603) 377-6698
Source:
Exprealty
Added: Sep 16
Changed: Oct 2
Last Checked: Oct 5 at 9:54PM
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 LLC
Investment Insights
Based on property information with market context.
Built in 1912, this Georgian-style duplex includes two residences with matching layouts of 7 rooms, 3 bedrooms, and a bonus room per unit. Architectural details include substantial entry pillars, hardwood flooring, and strong natural light. Each residence has separate natural gas heat, hot water, and utility service. The property also includes a full basement, third-floor walk-up attic, storage shed, patio, fenced yard, and private off-street parking.
Located at 754 Rimmon St in Manchester, the property offers highway access and a neighborhood setting. It is zoned RES and will be delivered vacant at closing. The existing configuration supports owner occupancy, investment use, or leasing to independently selected tenants.
Located at 754 Rimmon St in Manchester, the property offers highway access and a neighborhood setting. It is zoned RES and will be delivered vacant at closing. The existing configuration supports owner occupancy, investment use, or leasing to independently selected tenants.
Key Highlights
- Two residences, each with 7 rooms, 3 bedrooms, and a bonus room
- Separate natural gas heat, hot water, and utilities for each unit
- Built in 1912 with Georgian‑style architectural details and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,894
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,880
$737.9K
Cap Rate 7%
$527,057
$527.1K
Cap Rate 9%
$409,933
$409.9K
Market Conditions
NOI Build-Up for 2,734 SF
Gross rent
$55.8K $20.40/SF
− Vacancy
−$3.1K −$1.12/SF
EGI
$52.7K $19.28/SF
− OpEx
−$15.8K −$5.78/SF
NOI
$36.9K $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%
$737,880
Cap Rate 7%
$527,057
Cap Rate 9%
$409,933
Alternative Uses
Best Use
Multifamily LT 5
$527.1K
$461.2K – $614.9K
NOI $36,894 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$490.8K
$429.5K – $572.6K
NOI $34,357 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$671.4K
$587.5K – $783.3K
NOI $46,997 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
902
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family property with separate utilities, fenced outdoor space, and flexible bonus rooms in each residence.
Where is this duplex located?
The property is located at 754 Rimmon St Manchester, NH.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two residences, each with 7 rooms, 3 bedrooms, and a bonus room; Separate natural gas heat, hot water, and utilities for each unit; Built in 1912 with Georgian‑style architectural details and hardwood floors
