Corner-Lot Quadplex with Alley Access

806 Union Street Manchester, NH 03104

Claim this Listing
For Sale
$724,900

Four-unit quadplex with a 1/2/2/3-bedroom mix, vinyl siding, newer roof, and rear alley access for parking.

Type:Multi Family
Property size:
4,726 SF
Price / SF:
$153/SF
Added:
Jun 30, 2026
Days on Market:
12
Last Refresh:
Jul 1 at 6:21 am

Property Features for 806 Union Street

General Information

Standard status
Active
Size
4,726 SF
Property subtype
Multi Family

Building Details

Year Built
1900

Listing office Century 21 North East

Listing date Jun 30, 2026

Source Laerrealty

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 Century 21 North East


Investment Insights

Based on property information with market context.

This four-unit quadplex offers 4,726 square feet of living space with a unit mix of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. The 1-bedroom unit includes a layout that could support a second bedroom with the addition of a closet and is planned to be vacant as of July 1. The property’s exterior improvements include vinyl siding and a newer architectural shingle roof with portions of slate roofing. Four off-street parking spaces are provided, and the building sits on a corner lot with rear alley access. Kitchens and baths are described as in good functional condition with older cabinetry and countertops. Heating is split between a central boiler system for three units and a separate heat and hot water arrangement for one unit, which is paid by the tenant.

The property is located in Manchester’s North End, with access to downtown and nearby schools, hospitals, shopping, restaurants, and major commuter routes. A notice of a group showing is listed for June 30 (Tuesday) at 4:30 PM, with agents required to attend unless other arrangements have been made.

While the building has deferred maintenance, including porch repairs and future heating system improvements, it also presents a straightforward multi-unit structure for investors or owner-occupants. The current owner is intentionally not renting the 1-bedroom unit to provide an owner-occupant option. The property is described as generating approximately $71,400 in annual rental income.

Key Highlights

  • 4‑unit multi‑family property with 4,726 SF total living space and a 1/2/2/3‑bedroom unit mix
  • Approximately $71,400 in annual rental income; 1‑bedroom unit is scheduled to be vacant as of July 1
  • Exterior includes vinyl siding and a newer architectural shingle roof with portions of slate roofing

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 $96.4k $20.40
− Vacancy −$5.3k −$1.12
EGI $91.1k $19.28
− OpEx −$27.3k −$5.78
NOI $63.8k $13.49
4,726 SF · lease $20.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$911.1K
$797.2K – $1.06M (±1% cap)
NOI $63,775 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$848.4K
$742.4K – $989.8K (±1% cap)
NOI $59,389 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M (±1% cap)
NOI $81,240 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Home Appliance Store (Bike/Boat/Book/etc) Store Florist Grocery & Convenience Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit quadplex with a 1/2/2/3-bedroom mix, vinyl siding, newer roof, and rear alley access for parking.
Where is this quadplex located?
The property is located at 806 Union Street Manchester, NH.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: 4‑unit multi‑family property with 4,726 SF total living space and a 1/2/2/3‑bedroom unit mix; Approximately $71,400 in annual rental income; 1‑bedroom unit is scheduled to be vacant as of July 1; Exterior includes vinyl siding and a newer architectural shingle roof with portions of slate roofing
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