Two-Unit Duplex with
New
For Sale
$549,000
859 Clay Street, Manchester, NH 03103
Multi-Family, Manchester, NH
Property Size2,226 SF
Lot Size0.12 Acres
Price / SF$246.63
Days on Market7
Property Features for 859 Clay Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Basement
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Partial Fence, Covered Porch
Fencing
Partial
Appliances
Separate Water Heater
Lot features
Level, Sidewalks, Near Shopping, Near Public Transport, Near Hospital, Near School(s)
Standard status
Active
Size
2,226 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6553
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
private balcony
laundry
basement storage
partially fenced backyard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty Metro-Concord
(603) 226-2220
Listed By:
Kathryn Selinga
(603) 232-8282
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 6 at 2:06AM
MLS# 5112251
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 2,226-square-foot duplex contains two apartments: a first-floor residence with two bedrooms and one bathroom, and an upper-floor residence with three bedrooms and one bathroom. Each has a living room, an eat-in kitchen, a private balcony, and its own entrance. Separate natural-gas utilities and laundry serve the apartments. The 1920 building has wood and tile flooring, vinyl siding, and a basement with storage space.
The property occupies 0.12 acres on a residential street in Manchester, with highways, shopping, healthcare, and recreation nearby. Off-street parking accommodates four cars, and the driveway is gated. A partially fenced backyard and porch provide additional outdoor areas. The property is zoned R-2 and has a Certificate of Compliance in place.
The property occupies 0.12 acres on a residential street in Manchester, with highways, shopping, healthcare, and recreation nearby. Off-street parking accommodates four cars, and the driveway is gated. A partially fenced backyard and porch provide additional outdoor areas. The property is zoned R-2 and has a Certificate of Compliance in place.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 bathroom, the other with 3 bedrooms and 1 bathroom
- 2,226 square feet on a 0.12‑acre lot
- Separate natural‑gas utilities and laundry for each apartment
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
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 - Both apartments have separate entrances, laundry, and natural-gas utilities.
Where is this duplex located?
The property is located at 859 Clay Street 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: one with 2 bedrooms and 1 bathroom, the other with 3 bedrooms and 1 bathroom; 2,226 square feet on a 0.12‑acre lot; Separate natural‑gas utilities and laundry for each apartment
