REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed By Tyler D Allen New Space Real Estate, LLC
-
Est. payment /mo
New
168 Wilson ST Manchester, NH 03103
9,064 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,064 sqft
MLS Listing ID 5109106
Style Apartment Building
Construction Status Existing
Year Built 1910
Annual Tax Amount $11,543
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Description
MIXED-USE INVESTMENT OPPORTUNITY with strong in-place income and multiple avenues for future growth! 168 Wilson Street currently generates approximately $10,200/month or $122,400 annually from seven occupied units, while the property's largest commercial space is open and ready for its next tenant. An established tenant base and leases extending into 2027 provide stability, while two units are currently month-to-month, offering an immediate opportunity to evaluate rents, with further upside as remaining leases renew. The expansive commercial space has a strong rental history and was previously utilized as a restaurant. Ownership estimates potential market rent of $3,200-$3,500/month, which could bring total property income to approximately $160,800-$164,400 annually before considering future increases to the existing rent roll. The property conveys with commercial walk-in coolers/freezers and an existing frying/duct system, providing valuable infrastructure for a future food-service operator while allowing flexibility for other potential uses, subject to zoning and permitting. Ownership has continued investing in the property with deck, siding, painting and roof updates since 2022. Tenants pay their own utilities, with ownership responsible for water/sewer. Coin-op laundry in the basement presents another potential ancillary income stream, and the property offers off-street parking. Strong current cash flow, established tenancy and multiple opportunities for additional income make 168 Wilson Street a compelling addition to an investment portfolio.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning multi/comm
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas, Gas Heater
Cooling Wall AC Units
Exterior
Parking Features No
Utilities Available Cable Available
Roof Type Tar and Gravel
Building
Lot Description City Lot, Corner, In Town, Neighborhood
Story 3
Sewer Public
Water Public
Architectural Style Apartment Building
Construction Status Existing
Schools
High Schools Manchester Memorial High Sch
School District Manchester Sch Dst Sau #37
