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Executive Summary

119 Hanover Street presents a rare opportunity to own a mixed-use property in the heart of downtown Manchester. Positioned on the corner of Hanover and Chestnut Street—just steps from The Palace Theater, Hanover Street Chophouse, and major new multifamily developments—this location offers unmatched walkability and visibility. The two-story brick building features 11 apartments (a mix of studios and 1-bedrooms), 5 commercial storefronts, and a long-standing billboard lease. Every unit has undergone significant renovations in the past two years, including new electrical panels, updated plumbing, a new rubber roof, high-efficiency mini-splits, and a freshly painted exterior. Each residential unit is outfitted with high-end finishes such as granite countertops, stainless steel appliances, premium LVP flooring, and in-unit A/C. Residents also enjoy free high-speed Wi-Fi, a new laundry room, and 24/7 security coverage via high-resolution interior and exterior cameras. All five commercial spaces are leased on multi-year terms to a stable mix of retail and restaurant tenants. The on-site billboard—rented for nearly 30 years—offers additional upside with a tenant currently paying below-market rent on an at-will basis. Don’t miss this chance to acquire a fully renovated, income-producing building in one of New Hampshire’s strongest rental markets.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Taxes $25,590 $2.28
Operating Expenses - -
Total Expenses $25,590 $2.28

Financial Summary (Actual - 2025)

Taxes (CAD)
Annual $25,590
Annual Per SF $2.28
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $25,590
Annual Per SF $2.28

Property Facts

Price $3,913,303 CAD
Price Per Unit $244,581 CAD
Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 11,248 SF
No. Stories 2
Year Built/Renovated 1910/2025
Zoning CBD - Commercial Business Zoning

Amenities

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 11 - -
Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
MNCH-000050-000000-000029
Land Assessment
$181,075 CAD (2024)
Improvements Assessment
$1,051,369 CAD (2024)
Total Assessment
$1,232,445 CAD (2024)
Annual Taxes
$25,590 CAD ($2.28 CAD/SF)
Tax Year
2025
  • Listing ID: 39919250

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 119 Hanover St, Manchester, NH 03101

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