Bought with Gregory Sowa • Keller Williams Realty-Metropolitan
$550,000
$550,000
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6 Beds
4 Baths
3,638 SqFt
SOLD DATE : 09/29/2025
Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,638 sqft
Price per Sqft $151
MLS Listing ID 5049386
Sold Date 09/29/25
Bedrooms 6
Full Baths 4
Construction Status Existing
Year Built 1890
Annual Tax Amount $6,539
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Unlock the potential of this mixed-use property, located in the heart of Manchester, featuring four total units: three spacious 2-bedroom /1-bath residential apartments, 3rd floor finished space, plus a ground-level commercial space currently fitted as a laundromat with a half bath. Each unit is separately metered for utilities, making management straightforward for investors. This medium-density residential neighborhood, Zoned R-3 for mixed use, the property benefits from flexible occupancy options while maintaining a residential feel. With room for updating and increased rental potential, the location, layout, and zoning present a compelling value-add opportunity. With projected rental income of approximately $79,000 annually, plus additional supplemental income from a detached garage rented at $200/month and 5-6 parking spaces at $40 each/month - the property offers the potential to generate over $84,000 per year. A smart investment where community charm meets income-generating versatility.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning R3 / Mixed-Use
Rooms
Basement Entrance Interior
Basement Full, Unfinished
Interior
Cooling None
Flooring Carpet, Laminate, Vinyl
Exterior
Garage Spaces 2.0
Utilities Available Gas On-Site
Roof Type Asphalt Shingle,Slate
Building
Story 2
Sewer Public
Architectural Style Freestanding, Multi-Family, Multi-Level
Construction Status Existing
Schools
Elementary Schools Mcdonough School
Middle Schools Hillside Middle School
High Schools Manchester Central High Sch
School District Manchester Sch Dst Sau #37
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Broker | License ID: 068128
steven@whitehillestatesandhomes.com
48 Maple Manor Rd, Center Conway , New Hampshire, 03813, USA