Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!

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Tax Information

Tax Year2024

Building

Year Built1920
Building ConstructionWood Frame, Vinyl Exterior
Units8
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 StyleStudio
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 StyleStudio
Unit 4 Bath1
Unit 4 StyleStudio
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
Unit 7 Baths1
# of 1 Bedrooms7
Unit 7 Bedrooms1
# of 2 Bedrooms1
Unit 8 Baths1
Unit 8 Bedrooms1
Bathroom8
Total Baths8
BasementFull
FoundationStone

Basic Information

StatusACT
List Price$3,049,900
Date Price Change11/13/2024
MLS Number5022062
MLS StatusActive

Property

Acreage0.11
GarageYes
Parking Spaces1
Lot DescriptionLevel
Lot15
Square Feet4,095
APX Fin AG Sqft4,095
Road Frontage65
AreaNH-Hillsborough

Amenities

PricePerSqFt744.79

Water Body

Water AccessNo
Water ViewNo

Location

TownManchester
StateNH
Zip03104
CountyHillsborough
ZoningResidential R3
Elementary SchoolBeech Street School
Junior HighSouthside Middle School
High SchoolCentral High School
Address489 Pine Street
Flood Zone Y/NNo

Exterior

RoofFlat

Utilities

Heat SystemNatural Gas, Hot Air
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable, Other, Phone

Other

Taxes$8,877.04
Seasonal Y/NNo
Operating Expenses32467
Date Listed11/13/2024
Unit 1 Deposit$1,650
Unit 2 Rent Amount$1,275
Unit 3 Rent Amount$1,235
Unit 4 Rent amount$1,100
Unit 5 Rent amount$1,200
Unit 7 Rent amount$1,200
Unit 8 Rent amount$1,275

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 24, 2025 7:23 PM EST

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