Duplex
334 Massabesic St · Manchester, NH
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.68%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $507 – $941
Heat risk 4/10 · Minor
- Hot days now (above 94°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 4/10 · Minor
- Chance of severe wind over 30 yrs
- 24.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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
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.
Questions for the listing agent
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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.
- 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.
- 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
- IRR
- -13.4%
- Equity multiple
- 0.52×
- Total profit
- $-50,096
- Equity at exit
- $55,914
- 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
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
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 1 | 1 | $3,558 |
| #1 | 1 | 1 | $1,779 |
| #2 | 1 | 1 | $1,779 |
| 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-05-16$375,000 Active 995-char remark
-
2026-05-14historical $375,000 995-char remark
-
2026-05-14$375,000 Active 995-char remark
-
2021-12-07soldstatus $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
-
2021-10-28historical 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
-
2021-10-22price $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
-
2021-10-19status 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
-
2021-10-08historical 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
-
2021-09-22price $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
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2021-08-04$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
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2018-08-09soldstatus $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.
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2018-07-12historical 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.
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2018-06-23$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.
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2018-02-26soldstatus $70,000 Closed
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2018-02-12status Pending
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2018-02-06$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
- 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
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
- 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 listed19 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%/yrLatest (2024): $5,408 · +3.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…