Multi-Family for Sale: 59-61 Nashua Street, Manchester, NH 03104

6 beds
3 full baths
3,254 sqft
$714,900
$714,900
59-61 Nashua Street, Manchester, NH 03104
6 beds
3 full baths
3,254 sqft
$714,900
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Price:
$714,900

Type Multi-Family
Style Multi-Family
Beds 6
Total Baths 3 full baths
Square Feet 3,254 sqft
Lot Size 0.28 acres
Year Built 1820
Taxes Paid $8,270

City Manchester
County Hillsborough

MLS 5009814
Status Active Under Contract
DOM 36 days
Discover this exceptional 3-unit property located in the heart of Manchester, NH—one of the state’s most sought-after rental markets. This investment gem is perfectly situated within walking distance to schools for all grades, public transportation, and the vibrant downtown area filled with trendy restaurants and shops. Each unit boasts separate utilities, including efficient natural gas heating, ensuring ease of management and tenant convenience. The property sits on an oversized city lot, providing ample off-street parking—a rare find in this bustling area. The property features 7 garage bays and a large shed, offering potential for extra income or valuable storage space. The shed and 3 garage bays are currently rented and bringing in $745 in monthly income. The upstairs 3-bedroom unit spans over 1,500 sq ft, providing spacious living that’s highly desirable in this market for renters and owner occupants alike. All units are currently rented at below-market rates and tenants are on month-to-month leases, offering significant potential for increased income. The large, accessible basement provides even more storage opportunities for each unit. Whether you’re a seasoned investor or looking to start your real estate portfolio, this property presents a unique blend of location, amenities, and income potential that’s hard to match. Don’t miss out on this lucrative investment in Manchester’s thriving rental market! Showings begin at Open House on Saturday 8/17 from 11-1.

Lot & Building Features

Appliances Water Heater – Gas
Utilities Cable - At Site, Gas - On-Site
Construction Timber Frame, Vinyl Siding
Cooling Mini Split
Heat Source Gas - Natural
Heating Hot Water, Monitor Type, Mini Split
Parking Description Driveway, Paved, Parking Spaces 5 - 10, Off Street, Garage
Sewer Public Sewer On-Site
Tax Year 2023
Taxes Paid $8,270
Water Public Water - On-Site
Basement Description Bulkhead, Unfinished, Storage Space, Interior Access
Foundation Block w/ Skim Coating, Concrete
Lot Description City Lot, Near School(s), Corner
Roof Membrane, Shingle
Features Exterior Outbuilding, Storage, Porch - Enclosed
Garage Yes

Community and Schools

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

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Info Air Conditioner
Unit 1 Lease Term Month to Month
Unit 1 Level Number Level 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1150.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 4
Unit 1 Status Month to Month
Unit 1 Tenant Pays Electric, Hot Water, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Month to Month
Unit 2 Level Number Level 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1350.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Month to Month
Unit 2 Tenant Pays Electric, Hot Water, Heat
Unit 3 Apx Sqft 1564
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Lease Term Month to Month
Unit 3 Level Number Level 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1850.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 5
Unit 3 Status Month to Month
Unit 3 Tenant Pays Electric, Hot Water, Heat

Price History of 59-61 Nashua Street, Manchester, NH

Date Name Price Difference
08/15/2024 Listing Price $714,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$530,000
$162 / sqft
Average
$553,333
$168 / sqft
High
$570,000
$167 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Manchester 03104 6 3.0 $714,900 3,254 $220 N/A
30 Morrison Street Manchester 03104 5 4.0 $570,000 3,416 $167 02/22/2024
285 E. High Street #409-6 Manchester 03104 6 3.0 $560,000 3,183 $176 03/27/2024
341 W Mitchell Street Manchester 03103 6 2.0 $530,000 3,273 $162 08/07/2024

Map of 59-61 Nashua Street, Manchester, NH

Location Map Street View
Photo of Jackie Nelson-Champagne, RENE, SRS
Direct: 603-943-2304
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Coldwell Banker Realty Portsmouth NH, Brandon Gove 603-334-1900
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1.1568051475731%
6.75%
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Monthly Taxes
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59-61 Nashua Street (MLS #5009814) is a multi-family listing located in Manchester, NH. This multi-family listing is 3,254 sqft and on a lot of 12,197 sqft (or 0.28 acres) with 6 bedrooms, 3 baths and is 204 years old. This property was listed on 08/15/2024 and has been priced for sale at $714,900.

The 6 bedroom multi-family listing at 285 E. High Street in Manchester is nearby and sold for $560,000 on 03/27/2024. Another nearby 5 bedroom multi-family listing, 30 Morrison Street in Manchester sold for $570,000 on 02/22/2024.

Nearby zip codes are 03101, 03103 0000, 03103 6080, 03103 and 03109. 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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty Portsmouth NH

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 09/21/2024