North End Duplex with
77 Merrow Street Manchester, NH 03104
77 Merrow Street, Manchester, NH, 03104
$549,900
For Sale
$549,900
Two-unit residential income property on a dead-end cul-de-sac, offering 2 bed/1 bath units and updated major systems.
Property Size2,592 SF
Price / SF$212.15
Days on Market46
Property Features for 77 Merrow Street
General Information
- Standard status
- Active
- Size
- 2,592 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1950
Listing Agency
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed by
Frank Didonato
(603) 232-8282
Source
Threehillsres
Added: Jun 3 Checked: Jul 17 at 9:53 am
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
This North End duplex is set up as a straightforward two-family residential income property, with each unit offering 2 bedrooms, 1 bathroom, and a 1-car garage. The units feature hardwood floors and provide plenty of storage throughout. The property also has updates to major components, with heating systems and the roof updated within the last 5 to 7 years.
The duplex is located on a dead-end cul-de-sac, providing a quieter setting for occupants. A certificate of occupancy is indicated as being in good standing until April 2027, supporting continued residential use.
For owner-occupants and investors, the building offers a clean, practical configuration with two separate, similarly sized units. The combination of unit-level layouts, in-unit storage, garages, and relatively recent updates to heating and roofing can support long-term residential operations while providing flexibility for either occupying one unit or maintaining both as income units. Quick closing is noted as possible by the seller—schedule an appointment to review the property details.
The duplex is located on a dead-end cul-de-sac, providing a quieter setting for occupants. A certificate of occupancy is indicated as being in good standing until April 2027, supporting continued residential use.
For owner-occupants and investors, the building offers a clean, practical configuration with two separate, similarly sized units. The combination of unit-level layouts, in-unit storage, garages, and relatively recent updates to heating and roofing can support long-term residential operations while providing flexibility for either occupying one unit or maintaining both as income units. Quick closing is noted as possible by the seller—schedule an appointment to review the property details.
Key Highlights
- North End duplex on a dead‑end cul‑de‑sac with two units
- Each unit has 2 beds, 1 bath, and a 1‑car garage
- Hardwood floors and plenty of storage in both units
Local 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 | $52.9k | $20.40 |
| − Vacancy | −$2.9k | −$1.12 |
| EGI | $50.0k | $19.28 |
| − OpEx | −$15.0k | −$5.78 |
| NOI | $35.0k | $13.49 |
2,592 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.7K
$437.2K – $583.0K
NOI $34,978 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$465.3K
$407.2K – $542.9K
NOI $32,572 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$636.5K
$557.0K – $742.6K
NOI $44,556 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit residential income property on a dead-end cul-de-sac, offering 2 bed/1 bath units and updated major systems.
Where is this duplex located?
The property is located at 77 Merrow Street Manchester, NH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: North End duplex on a dead‑end cul‑de‑sac with two units; Each unit has 2 beds, 1 bath, and a 1‑car garage; Hardwood floors and plenty of storage in both units
