Log In/Sign Up
Your email has been sent.
Wilson Building 492-494 Wilson St 5 Unit Apartment Building $1,529,880 CAD ($305,976 CAD/Unit) 9.09% Cap Rate Manchester, NH 03103
Investment Highlights
- Value Add opportunity
- Strong Multi Family Investment Potential
- Great Location
Executive Summary
Exceptional, 5-unit multifamily property located on Manchester’s desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom,one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit,and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10,300/month(approximately $123,600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100,000/year inNet Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,529,880 CAD | Building Class | C |
| Price Per Unit | $305,976 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 8,060 SF |
| Cap Rate | 9.09% | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1883 |
| Property Subtype | Apartment | Parking Ratio | 0.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MX-2 - Mixed-Use Neighborhood Center district -Accommodates a mix of residential, commercial, office, service, and civic uses. | ||
| Price | $1,529,880 CAD |
| Price Per Unit | $305,976 CAD |
| Sale Type | Investment |
| Cap Rate | 9.09% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,060 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1883 |
| Parking Ratio | 0.18/1,000 SF |
| Zoning | MX-2 - Mixed-Use Neighborhood Center district -Accommodates a mix of residential, commercial, office, service, and civic uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 3 | $3,755 CAD | - |
| 3+1 | 5 | $2,643 CAD | - |
| 2+1 | 3 | $2,434 CAD | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | MNCH-000052-000000-000019 | Total Assessment | $676,304 CAD (2024) |
| Land Assessment | $123,279 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $553,025 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
MNCH-000052-000000-000019
Land Assessment
$123,279 CAD (2024)
Improvements Assessment
$553,025 CAD (2024)
Total Assessment
$676,304 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Wilson Building | 492-494 Wilson St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.