Corner-Lot Quadplex with Alley
806 Union Street Manchester, NH 03104
806 Union Street, Manchester, NH, 03104
$724,900
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.
Property Size4,726 SF
Price / SF$153.39
Days on Market22
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 agency
Century 21 North East
(978) 852-2242
Listed by
Ron Butler
(978) 852-2242
Source
Laerrealty
Added: Jun 30 Updated: Jul 10 at 2:10PM Checked: Jul 15 at 7:11AM
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.
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
NOI $63,775 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$848.4K
$742.4K – $989.8K
NOI $59,389 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M
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
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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
