Multi-Family for Sale: 187 Merrimack Street, Manchester, NH 03103

10 beds
6 full baths
4,410 sqft
$3,049,900
$3,049,900
187 Merrimack Street, Manchester, NH 03103
10 beds
6 full baths
4,410 sqft
$3,049,900
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Price:
$3,049,900
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Type Multi-Family
Style Apartment Building
Beds 10
Total Baths 6 full baths
Square Feet 4,410 sqft
Lot Size 0.16 acres
Year Built 1910
Taxes Paid $10,112
City Manchester
County Hillsborough
School District Manchester Sch Dst SAU #37
MLS 5022061
Status Active
DOM 4 days
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, 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, Cable - Available
Construction Vinyl Siding, Wood Frame
Cooling None
Heat Source Gas - Natural
Heating Space Heater
Parking Description Off Street
Sewer Public
Tax Year 2024
Taxes Paid $10,112
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description Level
Roof Slate
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 830
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1400.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Heat
Unit 2 Apx Sqft 883
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Lease Term Annual
Unit 2 Level Number 1
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1400.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Heat
Unit 3 Apx Sqft 883
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Lease Term Month to Month
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1300.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Month to Month
Unit 3 Tenant Pays Electric, Heat
Unit 4 Apx Sqft 600
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Lease Term Month to Month
Unit 4 Level Number 3
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1450.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Month to Month
Unit 4 Tenant Pays Electric, Heat
Unit 5 Apx Sqft 500
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Month to Month
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1200.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Month to Month
Unit 5 Tenant Pays Electric, Heat
Unit 6 Apx Sqft 1175
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Month to Month
Unit 6 Rental Agreement Yes
Unit 6 Rental Amount 1300.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Month to Month
Unit 6 Tenant Pays Electric, Heat

Price History of 187 Merrimack Street

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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Map of 187 Merrimack Street, Manchester, NH

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Photo of Candace Azotea
Direct: 603-502-5683
Office
55 Congress St Suite A
Portsmouth, NH 03801
603-431-1100
Listed by The Aland Realty Group, Mike Giannone
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0.33157611724975%
6.75%
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187 Merrimack Street (MLS #5022061) is a multi-family listing located in Manchester, NH. This multi-family listing is 4,410 sqft and on a lot of 6,970 sqft (or 0.16 acres) with 10 bedrooms, 6 baths and is 114 years old. This property was listed on 11/13/2024 and has been priced for sale at $3,049,900.

Nearby zip codes are 03045, 03101 1652, 03101, 03102 and 03104. This property neighbors other cities such as Auburn, Bedford, Goffstown, Hooksett and Londonderry.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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 11/17/2024