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Investment Highlights

  • walkability

Executive Summary

An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27,805, totaling a gross annual income of $333,660. Unit mix = (1)three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms& 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) totalunits across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returnstotal $7905. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage ofthis opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio. For additional information, including the Offering Memorandum (OM), unit breakdowns, disclosures, rent roll, financials, and other due diligence materials, please inquire with the listing agents.

Property Facts

Price $4,329,128 CAD
Price / SF $277.94 CAD / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 7.08%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 15,576 SF
Total Land Area 0.42 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
187 Merrimack St, Manchester, NH 03103 Multifamily 6,750 SF 1910 -
355 Merrimack St, Manchester, NH 03103 Multifamily 4,731 SF 1920 -
489 Pine St, Manchester, NH 03104 Multifamily 4,095 SF 1920 -
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  • Listing ID: 40739539

  • Date on Market: 2026-06-01

  • Last Updated:

  • Address: 187,355-357,489 Merrimack, & Pine Street, Manchester, NH

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