Updated Triplex with
New
For Sale
$599,900
82 Ashland Street, Manchester, NH 03104
Residential income property with three spacious units, separate utilities, and off-street parking in Manchester’s north end.
Property Size3,693 SF
Price / SF$162.44
Days on Market2
Property Features for 82 Ashland Street
General Information
Standard status
Active
Size
3,693 SF
Property subtype
Multi Family
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$7,978
Amenities
washer/dryer
Building Details
Year Built
1920
Stories
3
Listing Agency:
RE/MAX Synergy
Listed By:
Kathy Perdue
(603) 235-7067
Source:
Laerrealty
Added: Sep 2
Last Checked: Sep 2 at 2:03PM
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 RE/MAX Synergy
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,836
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$996,720
$996.7K
Cap Rate 7%
$711,943
$711.9K
Cap Rate 9%
$553,733
$553.7K
Market Conditions
NOI Build-Up for 3,693 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $49,836 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$663.0K
$580.1K – $773.5K
NOI $46,408 @ 7.0% cap · market cap 7.74%
Theoretical Best
Specialty Retail
$906.9K
$793.5K – $1.06M
NOI $63,483 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Street 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
