Multi-Family $ 699,000

313 Amherst ST

Manchester, NH 03104

  • 10 Beds
  • 3 Baths
    Full Baths: 3
  • 4,100 SqFt
  • 6,098 Lot Size
  • 1911 Year Built
Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1,548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2,350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1,548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2,200/month, excluding utilities. The third-floor unit includes 1,004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2,150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.
Listed by Kathy H Snyder of Monument Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Under Contract

    Purchase Type For Sale

    Square Footage 4, 100 sqft

    Price per Sqft $170

    MLS Listing ID 5067889

    Bedrooms 10

    Full Baths 3

    Construction Status Existing

    Year Built 1911

    Annual Tax Amount $7,950

    Tax Year 2025

    Lot Size 6,098 Sqft

    Acres 0.14

  • Location

    State NH

    County Nh-hillsborough

    Area Nh-Hillsborough

    Zoning MDL3

  • Rooms

    Basement Entrance Interior

    Basement Bulkhead, Dirt, No Tenant Access, Interior Stairs, Unfinished, Basement Stairs

  • Building

    Story 3

    Sewer Public

    Architectural Style New Englander

    Construction Status Existing

  • Interior

    Cooling None

  • Exterior

    Utilities Available Cable Available

    Roof Type Asphalt Shingle

  • Schools

    Elementary Schools Mcdonough School

    Middle Schools Hillside Middle School

    High Schools Manchester Memorial High Sch

    School District Manchester School District

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CONTACT

Kathy Snyder
Kathy Snyder

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