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Investment Highlights

  • Complete roof replacement in 2019
  • Four Rinnai on-demand water heaters installed in 2021
  • All units separately metered
  • New blown-in insulation installed throughout
  • Two new forced-air furnaces with new ducting installed in 2021
  • Updated kitchens with newer appliances & renovated bathrooms with modern fixtures

Executive Summary

Great opportunity to own a large, clean, fully renovated four-unit building near Manchester's Hanover Hill neighborhood. This turnkey investment has been thoughtfully updated by the current owner with quality upgrades and modern finishes, making it ideal for both seasoned investors and owner-occupants. The building had a complete roof replacement and new asphalt paving laid in 2019, followed by new blown-in insulation installed throughout, two new forced air furnaces with new ducting, and four Rinnai on-demand water heaters installed in 2021, greatly increasing the building's energy efficiency and comfort. The two first-floor units are generously sized two-bedroom/one-bathroom apartments while the upper two floors are massive four-bedroom townhouse-style apartments. Every unit includes updated kitchens with newer appliances and clean white cabinetry, renovated bathrooms with modern fixtures, and washer and dryer hookups for added convenience. The interiors feature vinyl plank flooring, neutral tones, and bright, sun-filled living spaces. All units are separately metered, and tenants are responsible for their own utilities, offering strong cash flow potential and lower operating costs. All electrical panels have been recently upgraded too. With plenty of off-street parking, large clean units, and no major capital expenditures on the horizon, this property is ready to generate income from day one.

Property Facts

Price $1,256,862 CAD
Price Per Unit $314,216 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.15 AC
Building Size 4,000 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1915/2026
Zoning R3 - Residential zone 3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - -
4+1 2 - -
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
MNCH-000343-000000-000012
Land Assessment
$110,468 CAD
Improvements Assessment
$474,211 CAD
Total Assessment
$584,679 CAD
  • Listing ID: 40391747

  • Date on Market: 2026-05-04

  • Last Updated:

  • Address: 412 Manchester St, Manchester, NH 03103

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