Two-Unit Duplex with Private
New
For Sale
$549,000
859 Clay St, Manchester, NH 03103
Separate entrances, laundry, and natural gas utilities serve each apartment.
Property Size2,226 SF
Price / SF$246.63
Days on Market7
Property Features for 859 Clay St
General Information
Standard status
Active
Size
2,226 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,553
Amenities
private balcony
basement storage
gated driveway
fenced backyard
laundry
Listing Agency:
Keller Williams Realty Metro-Concord
(603) 226-2220
Listed By:
Kathryn Selinga
(603) 370-8251
Source:
Exprealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 11:35PM
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 Keller Williams Realty Metro-Concord
Investment Insights
Based on property information with market context.
This 1920-built duplex contains two apartments: a first-floor unit with two bedrooms and one bath, and an upper-floor unit with three bedrooms and one bath. Both include a living room, an eat-in kitchen, a private balcony, and a separate entrance. Each apartment has its own laundry and natural gas utilities. Wood floors and period trim are complemented by vinyl siding and windows, while basement storage adds space for household items.
The property includes off-street parking for four cars, a gated driveway, and a partially fenced backyard. It is on a residential street near highways, shopping, healthcare, and recreation. A Certificate of Compliance is in place.
The property includes off-street parking for four cars, a gated driveway, and a partially fenced backyard. It is on a residential street near highways, shopping, healthcare, and recreation. A Certificate of Compliance is in place.
Key Highlights
- Two apartments: a 2‑bedroom, 1‑bath unit and a 3‑bedroom, 1‑bath unit
- Separate entrance, private balcony, laundry, and natural gas utilities for each apartment
- Off‑street parking for four cars and a gated driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,039
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,780
$600.8K
Cap Rate 7%
$429,129
$429.1K
Cap Rate 9%
$333,767
$333.8K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$45.4K $20.40/SF
− Vacancy
−$2.5K −$1.12/SF
EGI
$42.9K $19.28/SF
− OpEx
−$12.9K −$5.78/SF
NOI
$30.0K $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%
$600,780
Cap Rate 7%
$429,129
Cap Rate 9%
$333,767
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.5K – $500.7K
NOI $30,039 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$399.6K
$349.7K – $466.2K
NOI $27,973 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$546.6K
$478.3K – $637.8K
NOI $38,265 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, laundry, and natural gas utilities serve each apartment.
Where is this duplex located?
The property is located at 859 Clay St Manchester, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two apartments: a 2‑bedroom, 1‑bath unit and a 3‑bedroom, 1‑bath unit; Separate entrance, private balcony, laundry, and natural gas utilities for each apartment; Off‑street parking for four cars and a gated driveway
