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334 Massabesic St Duplex
C- Composite 52.9
Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +16.8/30.0
  • ARV discount +15.0/15.0
  • DSCR +5.2/10.0
  • 1% rule +4.5/10.0
  • Livability +4.2/5.0
  • Rent growth +2.9/5.0
  • Condition / age +2.5/5.0
  • Schools +1.9/10.0
  • Appreciation +0.0/10.0

$375,000

334 Massabesic St · Manchester, NH 03103
2 bd · 2.0 ba · 1,676 sqft · MultiFamily public records · 9 Days on market
Built 1905 4,791 sqft lot $224/sqft · 21% below area Est $474k · 21% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

Key facts

  • Off street parking
  • Two family property
  • Rear deck

Tags

TWO FAMILY PROPERTYSTRONG RENTAL POTENTIALOFF STREET PARKINGREAR DECKPARTIALLY FENCED YARDARCHITECTURAL SHINGLE ROOF

Property features AI

Finance

  • Financial info: Property configured as a 2-unit building (two 1-bedroom units); Each unit is configured for annual leases

Exterior

  • Parking: Paved driveway
  • Utilities: Public water; Public sewer; 200 Amp electric service; Cable available; Internet availability unknown
  • Home design: New Englander style; Existing construction; Built in 1905
  • Construction: Wood frame with vinyl siding; Shingle architectural roof; Year built 1905
  • Exterior features: Paved driveway; City lot with curbing and sidewalks; Public road frontage

Interior

  • Kitchen: Unit 1: Electric range; Unit 1: Refrigerator
  • Bedrooms: Unit 1: 1 bedroom (level 1); Unit 2: 1 bedroom (level 2)
  • Flooring: Carpet; Vinyl
  • Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
  • Heating & cooling: Natural gas heating; Electric heating; No central cooling
  • Interior features: Basement with interior access; Basement includes concrete and dirt floors, exterior access, and basement stairs
  • Laundry & utility: Separate gas water heater; Gas water heater (unit equipment noted)

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2 × 1-bed/1.0-bath units multifamily listed at $375k.

Deal economics

  • At list price, monthly cash flow is $237 ($3k/yr) — positive. Per door: $119/mo.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $356k (5.1% below list).
  • Recommended offer: $356k (5.1% below list) — sets the bar for 1% rule.
  • Cap rate 7.1% vs local median 3.1% in Manchester — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 83/100 on livability (#10 in NH, #879 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
  • Manchester School District (urban): math 14% / reading 27% proficiency, ranked #96 of 98 in NH (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: Rents rising (+1.7%/yr); 101 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 981 units permitted in Hillsborough County in 2024 (381 in 5+ unit buildings).
  • At $3,558/mo this rent would consume 58% of the median local household income ($74k/yr) (locally 1809% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
  • Hillsborough County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

  • Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
  • 7 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $260k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.
Recommended offer $355,800 (5.1% below list)

Questions for the listing agent

  1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  3. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.95%
Cap rate
7.05%
Cash-on-cash
2.71%
DSCR
1.12
GRM
8.8

CMA / ARV

ARV (median comp)
$473,672
List price
$375,000
Delta
-20.83%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 2 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
254 Belmont St 0.32mi 3/2.0 (+1) 1,504 (-10%) 10mo $430,000 $286 54
387 Manchester St 0.64mi 3/2.0 (+1) 1,616 (-4%) 14mo $350,000 $217 48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.73% rent growth · sell at horizon

5-year hold
IRR
-13.4%
Equity multiple
0.52×
Total profit
$-50,096
Equity at exit
$55,914
10-year hold
IRR
-6.6%
Equity multiple
0.60×
Total profit
$-41,942
Equity at exit
$32,423

Cash invested: $105,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
56 Moderately Landlord-Leaning
State New Hampshire
56 Moderately Landlord-Leaning · D+1
County
— inherits STATE
City
— inherits STATE
Has just-cause statute; 30-day notice; landlord-leaning vs. neighbors.

ZIP-level market 03103

Rents YoY
1.7%
Active inventory
101
Price-to-rent
17.6×

Monthly cashflow live

Estimated rent
$3,558 high interval (Pro) →
Mortgage (P&I)
$1,967
Tax from tax record
$451 /mo · $5,408/yr
Insurance
$156
HOA
$0
Vacancy / Maint / Mgmt
$747
Net cashflow
$237

Break-even live

Break-even rent $3,258
Max offer price $375,000
Occupancy floor 88%

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $3,558

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$93,750
Closing costs
$11,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 28 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
45 Canton St Unit 3 Manchester, NH 3.0 1.0 1846 $1,700 $0.92 13d 1 0.24mi
125 Tarrytown Rd Unit 123 Manchester, NH 2.0 1.0 1200 $1,600 $1.33 43d 1 0.33mi
685 Massabesic St Unit 2-W Manchester, NH 2.0 1.0 1100 $1,995 $1.81 21d 1 0.37mi
239 Wilson St Unit 243-2 Wilson Manchester, NH 3.0 1.0 1122 $2,200 $1.96 43d 1 0.43mi
442 Merrimack St Unit 2E Manchester, NH 2.0 2.0 1400 $1,995 $1.43 43d 1 0.52mi
424 Cedar St Unit 1 Manchester, NH 3.0 1.0 1300 $2,400 $1.85 13d 1 0.56mi
551 Somerville St Unit 3rd Floor Manchester, NH 3.0 1.0 1093 $1,995 $1.83 13d 1 0.61mi
393 Manchester St Manchester, NH 3.0 1.0 1200 $2,500 $2.08 43d 1 0.64mi
231 Laurel St Unit 3 Manchester, NH 3.0 1.0 1250 $1,800 $1.44 21d 1 0.66mi
231 Laurel St Unit 3 Manchester, NH 3.0 1.0 1250 $1,800 $1.44 43d 1 0.66mi
254 Auburn St Unit 1st Floor Manchester, NH 3.0 1.0 1056 $2,200 $2.08 43d 1 0.80mi
201 Auburn St Apt 1 Manchester, NH 3.0 1.0 1100 $2,150 $1.95 44d 1 0.87mi
92 Ashland St #2 Manchester, NH 2.0 2.0 1100 $2,300 $2.09 43d 1 0.89mi
357 Bridge St Manchester, NH 3.0 1.5 1512 $2,600 $1.72 13d 1 0.90mi
336 E High St Manchester, NH 2.0 2.0 1100 $2,200 $2.00 21d 1 0.91mi
234 Merrimack St Manchester, NH 3.0 1.0 1200 $2,300 $1.92 43d 1 0.91mi
347 Pearl St Manchester, NH 3.0 2.0 1250 $2,500 $2.00 43d 1 1.03mi
597 Beech St Unit 2 Manchester, NH 3.0 1.0 1250 $2,250 $1.80 43d 1 1.10mi
50 Spring Garden St #4 Manchester, NH 3.0 1.5 1740 $2,650 $1.52 13d 1 1.19mi
75 Canal St Manchester, NH 3.0 1.0–2.0 842 $3,435 $4.08 13d 26 1.25mi
1015 Elm St Manchester, NH 2.0 1.0 1500 $2,000 $1.33 43d 1 1.29mi
843 Mammoth Rd Unit 7 Manchester, NH 2.0 1.0 1196 $1,925 $1.61 43d 1 1.33mi
32 Mulsey St Manchester, NH 2.0 1.0 980 $2,250 $2.30 13d 3 1.39mi
311 Calef Rd Manchester, NH 3.0 1.0 1263 $2,050 $1.62 21d 1 1.41mi
1200 Elm St Manchester, NH 1.0–2.0 1.0–2.0 947 $2,960 $3.12 13d 9 1.43mi
715 Union St Unit 2 Manchester, NH 2.0 1.0 1200 $2,200 $1.83 43d 1 1.45mi
1230 Elm St Manchester, NH 2.0–3.0 1.0 947 $2,250 $2.37 13d 25 1.46mi
250 Commercial St Manchester, NH 1.0–3.0 1.0 1152 $2,375 $2.06 21d 1 1.49mi

Listing history 16 events

  1. 2026-05-16
    listed $375,000 Active 995-char remark
  2. 2026-05-14
    historical $375,000 995-char remark
  3. 2026-05-14
    listed $375,000 Active 995-char remark
  4. 2021-12-07
    soldstatus $260,000 Closed 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  5. 2021-10-28
    historical Active with Contract 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  6. 2021-10-22
    price $249,999 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  7. 2021-10-19
    status Active 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  8. 2021-10-08
    historical Active with Contract 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  9. 2021-09-22
    price $274,999 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  10. 2021-08-04
    listed $299,900 Active 1002-char remark
    Show marketing remark (1002 chars)

    Low Maintenance Rental Building with 2 Residential Rental Units. Close to Highways, Hospitals, Restaurants & Shops. Easy Highway Access North & South. The building consists of an Extra Large 1st Flr One bedroom unit plus a 2nd Flr 1 Bedroom Unit. Separate Entrances in Each Unit Plus Separate Utilities & Common Electric Panel. Updated Systems of Newer Gas Heat/Hot Water. Wonderful Original Features of Hardwood Floors. Both Units are Modern & Updated with Full Size Washer Dryer in Each Unit. Vinyl Siding, Aluminum Shutters & Asphalt Roof. Many Many Updates Completed By The Prior Owner. Each Unit Enjoys Their Own Outside Spaces with Backyard, Rear Deck + Front Bungalow Porch. Great Tenants in Leases Make This 2 Family A Great Investment At An Affordable Price. Both Units Modern Features Will Make Tenants Want to Stay & Extend to Longer Terms. Just Under 1670 sq ft of Living Space. Shared Driveway Plowed & Maintained By Business Next Door. Sold As Is

  11. 2018-08-09
    soldstatus $180,000 Closed
    Show marketing remark (682 chars)

    Charming turn of the century New Englander renovated and ready for immediate occupancy! A covered front porch with two separate entrances to each unit. New PT back porch off first floor kitchen. Bright & sunny interior with spacious living rooms, eat-in kitchens. Easy maintenance vinyl siding, new carpets, vinyl & tile flooring. New oak & formica kitchens with new appliances, new gas furnace & electric hot water heaters. Freshly painted interior, updated baths, new doors. Laundry hook-ups in both units. Convenient location just 2 blocks from the Eliott Hospital! Good investment for a first-time buyer or investor looking for a turnkey rental property.

  12. 2018-07-12
    historical Active with Contract
    Show marketing remark (682 chars)

    Charming turn of the century New Englander renovated and ready for immediate occupancy! A covered front porch with two separate entrances to each unit. New PT back porch off first floor kitchen. Bright & sunny interior with spacious living rooms, eat-in kitchens. Easy maintenance vinyl siding, new carpets, vinyl & tile flooring. New oak & formica kitchens with new appliances, new gas furnace & electric hot water heaters. Freshly painted interior, updated baths, new doors. Laundry hook-ups in both units. Convenient location just 2 blocks from the Eliott Hospital! Good investment for a first-time buyer or investor looking for a turnkey rental property.

  13. 2018-06-23
    listed $179,000 Active
    Show marketing remark (682 chars)

    Charming turn of the century New Englander renovated and ready for immediate occupancy! A covered front porch with two separate entrances to each unit. New PT back porch off first floor kitchen. Bright & sunny interior with spacious living rooms, eat-in kitchens. Easy maintenance vinyl siding, new carpets, vinyl & tile flooring. New oak & formica kitchens with new appliances, new gas furnace & electric hot water heaters. Freshly painted interior, updated baths, new doors. Laundry hook-ups in both units. Convenient location just 2 blocks from the Eliott Hospital! Good investment for a first-time buyer or investor looking for a turnkey rental property.

  14. 2018-02-26
    soldstatus $70,000 Closed
  15. 2018-02-12
    status Pending
  16. 2018-02-06
    listed $99,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NH · Partial reset (capped growth)

Current annual tax
$5,408 · $451/mo
Projected year-2 tax
$6,792 · $566/mo
Expected delta
+$1,384/yr (+$115/mo · 25.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 4/10 Moderate 7 d/yr ≥94°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 4/10 Moderate 24% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$42,696
− Mortgage interest
−$21,006
− Property taxes
−$5,408
− Insurance
−$1,875
− Repairs & maintenance
−$3,416
− Management
−$3,416
− Depreciation
−$10,909
Taxable loss
−$3,333
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$800
After-tax cash flow
$3,648/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Manchester School District
NCES district ID
3304590
Math proficiency
14% ▼ -10.00%
Reading proficiency
27% ▼ -6.00%
Median HH income
$54,096
Composite
18.67/100
National rank
#8886
State rank
#96 of 98 in NH

Livability — Manchester

Score
83/100
State rank
#10
US rank
#879

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C Employment C+ Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Manchester, NH
County
Hillsborough County · 309,362 people
City population
110,172
Metro
Manchester-Nashua, NH
Population (ZIP)
37,775
Household income
$73,540
Rent vs Own
50.7% rent · 49.3% own
Severe rent burden
1809.0

Population outlook (Hillsborough County) Hauer SSP2

Today (2025)
412,771 people
By 2030
410,974 · -0.4%
By 2040
399,959 · -3.1%
By 2050
381,542 · -7.6%
By 2075
339,855 · -17.7%
By 2100
289,270 · -29.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.55)
Race & ethnicity
White 62% Hispanic / Latino 24% Two or more races 13% Asian 7% Black 5%
Hispanic origin (detail)
Mexican 2% Puerto Rican 7% Dominican 5%
Common ancestry
Lithuanian 9% Romanian 3% Slovak 2%
Foreign-born
22% · Canada, Vietnam, Jamaica
Languages at home
66% English-only · Spanish 18% Other Indo-European 3% Vietnamese 2%

Political lean MEDSL · Hillsborough

2024 margin
Toss-up / Even · D 50.9% · R 48.0% · Other 1.0%
2008→2024 swing
-0.9pp no change · 2008: 3.8pp · 2024: 2.9pp
All cycles
2024: D+2.9 2020: D+7.7 2016: R+0.2 2012: D+1.7 2008: D+3.8

Not yet ingested

Civics

Market trends

HPI YoY
▼ -301.43%
Current HPI
345.8593
Rent YoY
▲ 1.73%
Metro
Manchester-Nashua, NH
State GDP YoY
F500 in state
0

Price history

+275.4% since first listed
19 events — show timeline
  • 2026-05-28 Pending PrimeMLS
  • 2026-05-23 Relisted PrimeMLS
  • 2026-05-20 Pending PrimeMLS
  • 2026-05-16 Listed $375,000 PrimeMLS
  • 2026-05-14 Coming Soon $375,000 PrimeMLS
  • 2026-05-14 Listed $375,000 PrimeMLS
  • 2021-12-07 Sold (MLS) $260,000 PrimeMLS
  • 2021-10-28 Contingent PrimeMLS
  • 2021-10-22 Price Changed $249,999 PrimeMLS
  • 2021-10-19 Relisted PrimeMLS
  • 2021-10-08 Contingent PrimeMLS
  • 2021-09-22 Price Changed $274,999 PrimeMLS
  • 2021-08-04 Listed $299,900 PrimeMLS
  • 2018-08-09 Sold (MLS) $180,000 PrimeMLS
  • 2018-07-12 Contingent PrimeMLS
  • 2018-06-23 Listed $179,000 PrimeMLS
  • 2018-02-26 Sold (MLS) $70,000 PrimeMLS
  • 2018-02-12 Pending PrimeMLS
  • 2018-02-06 Listed $99,900 PrimeMLS

Property tax history

+4.6%/yr

Latest (2024): $5,408 · +3.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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