Multi-Family for Sale: 359-361 Lake Avenue, Manchester, NH 03103

12 beds
3 full baths
5,322 sqft
$800,000
$800,000
359-361 Lake Avenue, Manchester, NH 03103
12 beds
3 full baths
5,322 sqft
$800,000
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Price:
$800,000

Type Multi-Family
Style Multi-Family, Multi-Level
Beds 12
Total Baths 3 full baths
Square Feet 5,322 sqft
Lot Size 0.15 acres
Year Built 1905
Taxes Paid $8,811

City Manchester
County Hillsborough
School District Manchester Sch Dst SAU #37

MLS 5021768
Status Active
DOM 13 days
This centrally located three-family property in the heart of Manchester presents a prime opportunity for both owner-occupants and investors. Multi-family properties like this are an excellent strategy for those looking to build equity and generate steady income. Each of the three expansive units spans over 1,700 sq. ft., featuring an identical, spacious floor plan with four bedrooms, one bathroom, a fully equipped kitchen, and a dedicated laundry room complete with washer and dryer. All units have been meticulously updated within the past three years, ensuring a modern and well-maintained interior for tenants. Currently, each unit is leased with tenants covering all utilities, including heat, hot water, and electricity. This property has a solid rental history, delivering reliable cash flow, and is fully compliant with current market demands. Photographs were taken post-renovation and before tenant occupancy, capturing the quality and condition of the units. A quick closing is possible, making this property an ideal acquisition for buyers seeking a seamless investment in a desirable, high-demand area. Please note a minimum of 24 hours notice is required for showing.

Lot & Building Features

Appliances Water Heater – Owned, Water Heater – Separate
Utilities Cable, Phone
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Gas Heater, Hot Water
Parking Description Off Street, On Street
Sewer Public
Tax Year 2024
Taxes Paid $8,811
Water Public Water - On-Site
Basement Description Full, Walkout, Unfinished, Storage Space
Foundation Granite
Lot Description City Lot
Roof Flat, Rolled
Garage Yes

Community and Schools

Elementary School Mc Donough School
Junior High School Hillside Middle School
Senior High School Central High School

Unit Features

Unit 1 Apx Sqft 1774
Unit 1 Baths 1
Unit 1 Bedrooms 4
Unit 1 Info Appliances Included, Washer, Refrigerator, Range - Electric, Dryer
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2150.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 8
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Hot Water, Heat
Unit 2 Apx Sqft 1774
Unit 2 Baths 1
Unit 2 Bedrooms 4
Unit 2 Info Appliances Included, Washer, Refrigerator, Range - Electric, Dryer
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2300.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 8
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Hot Water, Heat
Unit 3 Apx Sqft 1774
Unit 3 Baths 1
Unit 3 Bedrooms 4
Unit 3 Info Appliances Included, Washer, Refrigerator, Range - Electric, Dryer
Unit 3 Lease Term Annual
Unit 3 Level Number 3
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 2300.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 8
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, Hot Water, Heat

Price History of 359-361 Lake Avenue, Manchester, NH

Date Name Price Difference
11/11/2024 Listing Price $800,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 359-361 Lake Avenue, Manchester, NH

Location Map Street View
Photo of Denise Hippert, CDPE, CRS, ePRO
Denise Hippert, CDPE, CRS, ePRO
Associate Broker, REALTOR
Direct: 603-930-5385
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Keller Williams Realty Metro-Concord, Bobbie Gaudette
$
20%
1.10142375%
6.75%
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$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

359-361 Lake Avenue (MLS #5021768) is a multi-family listing located in Manchester, NH. This multi-family listing is 5,322 sqft and on a lot of 6,534 sqft (or 0.15 acres) with 12 bedrooms, 3 baths and is 119 years old. This property was listed on 11/18/2024 and has been priced for sale at $800,000.

Nearby zip codes are 03101, 03102, 03103 4116, 03103 4327 and 03104. This property neighbors other cities such as Auburn, Bedford, Goffstown, Hooksett and Londonderry.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Keller Williams Realty Metro-Concord

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/24/2024