313 Amherst ST Under Contract Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03104
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $170
MLS Listing ID 5067889
Bedrooms 10
Full Baths 3
Construction Status Existing
Year Built 1911
Annual Tax Amount $7,950
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1,548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2,350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1,548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2,200/month, excluding utilities. The third-floor unit includes 1,004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2,150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning MDL3
Rooms
Basement Entrance Interior
Basement Bulkhead,Dirt,No Tenant Access,Interior Stairs,Unfinished,Basement Stairs
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style New Englander
Construction Status Existing
Schools
Elementary Schools Mcdonough School
Middle Schools Hillside Middle School
High Schools Manchester Memorial High Sch
School District Manchester School District