Multi-Family for Sale: 355-357 Merrimack Street, Manchester, NH 03103

10 beds
4,541 sqft
$3,049,900
$3,049,900
355-357 Merrimack Street, Manchester, NH 03103
10 beds
4,541 sqft
$3,049,900
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Price:
$3,049,900
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Type Multi-Family
Style Apartment Building
Beds 10
Square Feet 4,541 sqft
Lot Size 0.13 acres
Year Built 1920
Taxes Paid $8,735
City Manchester
County Hillsborough
School District Manchester Sch Dst SAU #37
MLS 5022063
Status Active
DOM 43 days
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space. Great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, and 489 Pine Street, MLS#5022062. 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!

Lot & Building Features

Utilities Cable, Phone, Other
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Hot Water
Parking Description Off-Site, On-Site
Sewer Public
Tax Year 2024
Taxes Paid $8,735
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description Level
Roof Shingle - Asphalt
Garage No

Community and Schools

Elementary School Beech Street School
Junior High School Southside Middle School
Senior High School Central High School

Unit Features

Unit 1 Apx Sqft 900
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Month to Month
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1300.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Month to Month
Unit 1 Tenant Pays Electric
Unit 2 Apx Sqft 900
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1700.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Electric
Unit 3 Apx Sqft 800
Unit 3 Baths 2
Unit 3 Bedrooms 2
Unit 3 Lease Term Month to Month
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1450.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Month to Month
Unit 3 Tenant Pays Electric
Unit 4 Apx Sqft 600
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Annual
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1500.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Leased
Unit 4 Tenant Pays Electric
Unit 5 Apx Sqft 1220
Unit 5 Baths 1
Unit 5 Bedrooms 3
Unit 5 Lease Term Month to Month
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1650.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Month to Month
Unit 5 Style single family home
Unit 5 Tenant Pays Electric, Hot Water, Heat

Price History of 355-357 Merrimack Street, Manchester, NH

Date Name Price Difference
11/13/2024 Listing Price $3,049,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Janet Gillis
Janet Gillis
REALTOR®
Direct: 339-933-0932
Office
Marshfield, MA
339-933-0932
Listed by The Aland Realty Group, Mike Giannone
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0.28643430932162%
6.75%
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355-357 Merrimack Street (MLS #5022063) is a multi-family listing located in Manchester, NH. This multi-family listing is 4,541 sqft and on a lot of 5,663 sqft (or 0.13 acres) and is 104 years old. This property was listed on 11/13/2024 and has been priced for sale at $3,049,900.

Nearby zip codes are 03101 1652, 03101, 03102, 03103 4116 and 03104. This property neighbors other cities such as Auburn, Bedford, Goffstown, Hooksett and Londonderry.

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Listing information courtesy of: The Aland Realty Group

Copyright 2024 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 12/26/2024