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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Matthew Lefebvre Downtown Realty

$ 850,000

Est. payment -/mo

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Active

406 Belmont ST Manchester, NH 03103

5 Beds

6 Baths

3,348 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,348 sqft

Price per Sqft $253

MLS Listing ID 5110849

Style Apartment Building,Multi-Family

Bedrooms 5

Full Baths 6

Construction Status Existing

Year Built 1920

Annual Tax Amount $8,559

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Description

This six-unit multifamily asset in Manchester, NH offers a fully occupied, low-maintenance investment in a strong urban submarket. This city lot has limited landscaping maintenance and features one paved, off-street parking space per unit behind the building. The five 1-bedroom units have been renovated by the current ownership and have a mix of refinished hardwood and vinyl plank flooring throughout along with new kitchens, appliances, and fixtures. The sole studio unit remains unrenovated but is kept in excellent condition by a long-term resident. Landlord pays for heat, hot water, and water/sewer, while tenants are responsible for their own electric. Other major upgrades during the current ownership include, a full vinyl siding wrap, replacement of natural gas water heater, replacement of front decks, and the upgrade of electrical service and panels to individual 100-amp circuit breakers. Rents are slightly below-market throughout the property with a current gross annual rent projected at $100,800 and a proforma potential of $108,000 as rents are adjusted toward market levels. With all six units fully occupied and rents already near market, this offering presents a stable, turnkey opportunity for an investor seeking a low-management asset with modest, steady upside.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning MX-2

Rooms

Basement Unfinished

Interior

Heating Natural Gas, Oil, Steam

Cooling None

Flooring Hardwood, Tile, Vinyl Plank

Exterior

Parking Features No

Utilities Available Other

Waterfront Description No

View Y/N No

View No

Roof Type Membrane

Building

Lot Description City Lot, Landscaped, Level

Story 3

Sewer Public

Water Public

Architectural Style Apartment Building, Multi-Family

Construction Status Existing

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

406 Belmont ST Manchester, NH 03103

Key Details

Location

Rooms

Interior

Exterior

Building

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406 Belmont ST