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Listing courtesy of PRIME_MLS / Bobbie Gaudette / Keller Williams Realty Metro-Concord

359-361 Lake

Manchester, NH 03103

– beds
– baths
5,322 sqft
6,534 sqft lot
$150 per sqft
1905 build
– on site

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.

Listing courtesy of PRIME_MLS / Bobbie Gaudette / Keller Williams Realty Metro-Concord

Last checked: Checking… • Last updated Nov 19, 2024 •

MLS# 5021768 —

The Building

Year Built:

1905
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Vinyl Siding
Architectural Style:

Multi-Family, Multi-Level
Roof:

Flat, Rolled
Foundation:

Granite
Total Stories:

3
Total Units:

3
Approx SqFt Total:

7096
Approx SqFt Total Finished:

5,322 Sqft
Approx SqFt Finished Above Grade:

5,322 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Above Grade Source:

Public Records
Approx SqFt Unfinished Below Grade:

1774
Approx SqFt Finished Building Source:

Public Records
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records

Interior

Basement:

Yes
Basement Description:

Full, Storage Space, Unfinished, Walkout
Basement Access Type:

Walkout
Flooring:

Carpet, Hardwood
Room 5 Type:

Leased

Location

Map:

65
Latitude:

42.987069000001000
Longitude:

-71.450080000000000

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot:

/
Lot SqFt:

6,534 Sqft
Lot Acres:

0 Sqft
Zoning:

Residential-Multi
Driveway:

Paved
Roads:

Paved, Public
Lot Features:

City Lot

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$8,811.39

Beds

Bedrooms - Level 4:

8

Baths

Total Full Baths:

3
Half Baths Size:

24 Sqft
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Virtual Tour
Price Per SqFt:

150.32
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Gas Heater, Hot Water
Heat Fuel:

Gas - Natural
Total Heat Units:

3
Total Water Heaters:

3

Utilities

Utilities:

Cable, Phone
Separate Utilities:

Yes
Sewer:

Public
Electric:

100 Amp, Circuit Breaker(s)
Trash:

Curbside, Municipal
Water Source:

Public Water - On-Site
Total Electric Meters:

4

Appliances

Appliances:

Water Heater – Owned, Water Heater – Separate
Total Refrigerators:

3

Schools

Elementary School:

McDonough School
Middle Or Jr High School:

Hillside Middle School
High School:

Central High School
School District:

Manchester Sch Dst SAU #37

The Community

Area Description:

In Town, Near Hospital
Covenants:

Unknown
Assessment Year:

2022
Assessment Amount:

476200

Parking

Garage:

Yes
Garage Capacity:

1
Parking:

Off Street, On Street

Extra Units

Unit 1 Rooms:

8
Unit 1 Bedrooms:

4
Unit 1 Approx SqFt:

1,774 Sqft
Unit 2 Bedrooms:

4
Unit 2 Approx SqFt:

1774
Total 3+ BR Units:

3
Unit 3 Rooms:

8
Unit 3 Bedrooms:

4
Unit 3 Baths:

1
Unit 3 Approx SqFt:

1,774 Sqft
Unit 1 Info:

Appliances Included, Dryer, Range - Electric, Refrigerator, Washer
Unit 2 Info:

Appliances Included, Dryer, Range - Electric, Refrigerator, Washer
Unit 3 Info:

Appliances Included, Dryer, Range - Electric, Refrigerator, Washer

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/11/24 Nov 11, 2024	Listed / Active	PRIME_MLS	$800,000

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This multifamily located in East Side Manchester, Manchester, NH 03103 is currently for sale for $800,000. 359-361 Lake is a 5,322 square foot multifamily with – beds and – baths that has been on Estately for 10 days. 359-361 Lake is in the East Side Manchester neighborhood of Manchester and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Manchester Central High School, Wilson Elementary School, and Hillside Middle School.

Listing Courtesy of: PRIME_MLS and 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.