Townhome Style Residential
For Sale
$559,900
89 Lancaster Avenue, Manchester, NH 03103
Townhouse-style units with separate decks, utilities, and 1-car garages suited for residential income or owner-occupancy.
Property Size2,304 SF
Price / SF$243.01
Days on Market51
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 Agency:
Century 21 Circa 72 Inc.
(603) 736-9700
Listed By:
Beth Adams
(603) 736-9700
Source:
Threehillsres
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 30 at 12:29PM
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.
Investment Insights
Based on property information with market context.
This property features townhouse-style residential units with well-sized bedrooms, one and a half baths, and separate decks. Each unit has separate utilities and includes a 1-car garage underneath the structure. The offering also includes plenty of off-street parking to support day-to-day tenant needs.
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.
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.
Key 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
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 |
2,304 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Townhouse-style units with separate decks, utilities, and 1-car garages suited for residential income or owner-occupancy.
Where is this multifamily property located?
The property is located at 89 Lancaster Avenue Manchester, NH.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 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
