Building Details

Year Built 1920

Listing Agency: RE/MAX Synergy

Listed By: Kathy Perdue Show Phone

Source: Megansellsnh

Added: Sep 2 Changed: Oct 8 Last Checked: Oct 7 at 3:23PM

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Investment Insights

Based on property information with market context.

This 3693 SF triplex, built in 1920, includes three spacious residential units. The first and second floors each offer 3+ bedrooms, while the third-floor unit has two bedrooms. Bathrooms have been updated, and every unit includes a washer and dryer. Separate heating and hot water systems support independently managed utilities, with each unit responsible for its own usage. The first-floor owner’s unit is expected to be vacant at closing.

The property includes paved off-street parking, a single-car garage, and additional on-street parking for visitors. Exterior improvements include a newer roof, repointed chimneys, and hardwired smoke detectors. Residential zoning applies, and the property is located in Manchester’s north end.

Key Highlights

• Three‑unit residential property totaling 3693 SF
• First and second floors each have 3+ bedrooms; third floor has two bedrooms
• Separate utilities, heating, and hot water systems for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,836

Cap Rate

8.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$996,720 $996.7K

Cap Rate 7%

$711,943 $711.9K

Cap Rate 9%

$553,733 $553.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,693 SF

Gross rent

$75.3K $20.40/SF

− Vacancy

−$4.1K −$1.12/SF

EGI

$71.2K $19.28/SF

− OpEx

−$21.4K −$5.78/SF

NOI

$49.8K $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%

$996,720

Cap Rate 7%

$711,943

Cap Rate 9%

$553,733

Alternative Uses

Best Use

Multifamily LT 5

$711.9K

$623.0K – $830.6K (±1% cap)

NOI $49,836 @ 7.0% cap · market cap 8.31%

Second Best

Apartment 5plus

$663.0K

$580.1K – $773.5K (±1% cap)

NOI $46,408 @ 7.0% cap · market cap 7.74%

Theoretical Best

Specialty Retail

$906.9K

$793.5K – $1.06M (±1% cap)

NOI $63,483 @ 7.0% cap · market cap 10.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Locksmith Bakery (Bike/Boat/Book/etc) Store HVAC Service Catering Service Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

799

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Residential income property with three spacious units, separate utilities, and off-street parking in Manchester’s north end.

Where is this triplex located?

The property is located at 82 Ashland St Manchester, NH.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Three‑unit residential property totaling 3693 SF; First and second floors each have 3+ bedrooms; third floor has two bedrooms; Separate utilities, heating, and hot water systems for each unit