89 Lancaster Avenue, Manchester, NH 03103
Townhouse-style units with separate decks, utilities, and 1-car garages suited for residential income or owner-occupancy.
- Added:
- Jun 11, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 15 at 1:44 am
Property Features for 89 Lancaster Avenue
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1978
Listing agent Beth Adams (603) 736-9700
Listing office Century 21 Circa 72 Inc. (603) 736-9700
Listing date Jun 11, 2026
Source Threehillsres
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 Century 21 Circa 72 Inc.
HighLights
- Townhouse‑style units built in 1978
- Each unit features separate decks and 1‑car garages under
- Units include 1.5 baths and nicely sized bedrooms
- Separate utilities for each unit
- Plenty of off‑street parking
- Convenient access to Routes 93 and 293
Overview
The location provides straightforward access to Route 93 and Route 293. Showings begin Saturday, June 13, 2026 by appointment only. Please note the sale is contingent upon the sellers finding suitable housing, and availability for tours will be coordinated in advance.
For prospective investors or owner-occupants, the unit configuration supports independent living arrangements through separate utilities and private deck space, while the garage-under layout and off-street parking help reduce tenant parking friction. With the combination of townhouse-style layouts and practical amenities, the property may fit buyers looking for a manageable residential income asset or a residence with rental-income potential.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.3k | $24.00 |
| − Vacancy | −$2.7k | −$1.15 |
| EGI | $52.6k | $22.85 |
| − OpEx | −$23.7k | −$10.28 |
| NOI | $29.0k | $12.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4585743
- Latitude
- 42.9696297
