Triplex with Garage and
New
For Sale
$599,900
82 Ashland Street, Manchester, NH 03104
Multi-Family, Manchester, NH
Property Size3,693 SF
Lot Size0.13 Acres
Price / SF$162.44
Days on Market1
Property Features for 82 Ashland Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features
On Street, Off Street, Garage, Driveway
Patio and Porch features
Deck, Porch
Exterior features
Deck, Garden Space, Porch, Storage
Appliances
Gas Water Heater
Lot features
Level, Neighbor Business, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Neighborhood, Near Public Transport, Near Hospital
Standard status
Active
Size
3,693 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7979
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
washer/dryers
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Wood, Tile - Ceramic, Combination, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Kathy Perdue
(603) 647-8000
Added: Sep 1
Last Checked: Sep 1 at 4:06PM
MLS# 5107653
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,693-square-foot triplex, built in 1920, includes three residential units with distinct layouts. The first and second floors each have more than three bedrooms, while the top-floor apartment has two bedrooms. The property includes three bathrooms, a basement, a single-car garage, paved off-street parking, a driveway, and additional on-street parking. Exterior features include a deck, porch, garden space, and storage.
Each unit has its own washer and dryer, heating system, and hot water system, with residents responsible for their individual utilities. The building is heated by natural gas, served by public water, and finished with vinyl siding, wood and ceramic tile flooring, and a shingle roof. The roof is newer, and the chimneys have been repointed. The first-floor unit is expected to be vacant at closing. The parcel contains 0.13 acres and is zoned Residential.
Each unit has its own washer and dryer, heating system, and hot water system, with residents responsible for their individual utilities. The building is heated by natural gas, served by public water, and finished with vinyl siding, wood and ceramic tile flooring, and a shingle roof. The roof is newer, and the chimneys have been repointed. The first-floor unit is expected to be vacant at closing. The parcel contains 0.13 acres and is zoned Residential.
Key Highlights
- 3,693‑square‑foot triplex on a 0.13‑acre parcel
- First and second floors each include more than 3 bedrooms; third floor has 2 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
Lease Details
3
Residential units
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer separate utilities, laundry, heating, and hot water systems.
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: 3,693‑square‑foot triplex on a 0.13‑acre parcel; First and second floors each include more than 3 bedrooms; third floor has 2 bedrooms; Separate utilities, heating, and hot water systems for each unit
