1 of 23

Want to see this property?

Listing courtesy of PRIME_MLS / Savannah Levasseur / Keller Williams Realty-Metropolitan

470 Spruce

Manchester, NH 03103

– beds
– baths
3,312 sqft
5,663 sqft lot
$196 per sqft
1910 build
– on site

Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.

Listing courtesy of PRIME_MLS / Savannah Levasseur / Keller Williams Realty-Metropolitan

Last checked: Checking… • Last updated Aug 23, 2024 •

MLS# 4999294 —

The Building

Year Built:

1910
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Insulation-FiberglassBlwn, Wood Frame, Asbestos Exterior
Architectural Style:

Apartment Building, Multi-Family
Roof:

Flat, Membrane, Rolled
Foundation:

Granite
Total Stories:

3
Total Units:

3
Approx SqFt Total:

4416
Approx SqFt Total Finished:

3,312 Sqft
Approx SqFt Finished Above Grade:

3,312 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Above Grade Source:

Other
Approx SqFt Unfinished Below Grade:

1104
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:

Bulkhead, Concrete Floor, Stairs - Interior, Unfinished, Interior Access, Exterior Access, Stairs - Basement
Basement Access Type:

Interior
Flooring:

Carpet, Hardwood, Laminate
Room 5 Type:

Leased

Location

Map:

0405
Latitude:

42.986736000000015
Longitude:

-71.442402271163942

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot SqFt:

5,663 Sqft
Lot Acres:

0 Sqft
Zoning:

Residential
Driveway:

Paved
Roads:

Paved, Public
Lot Features:

City Lot, Curbing, Landscaped, Sidewalks

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Taxes TBD:

Yes
Tax - Gross Amount:

$7,749

Beds

Bedrooms - Level 4:

6

Baths

Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

196.26
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Steam
Heat Fuel:

Gas - Natural

Utilities

Utilities:

Cable - Available
Separate Utilities:

Varies
Sewer:

Public
Electric:

100 Amp
Water Source:

Included, Public
Total Gas Meters:

1
Total Electric Meters:

3

Appliances

Total Refrigerators:

3

Schools

Elementary School:

Henry Wilson School
Middle Or Jr High School:

Hillside Middle School
High School:

Central High School
School District:

Manchester Sch Dst SAU #37

The Community

Covenants:

Unknown
Easements:

Unknown

Parking

Garage:

Yes
Garage Capacity:

3
Parking:

Detached, Assigned, Driveway, Garage, Leased, Off Street, Parking Spaces 6+, Paved

Extra Units

Unit 1 Rooms:

6
Unit 1 Bedrooms:

3
Unit 1 Approx SqFt:

888 Sqft
Unit 2 Bedrooms:

3
Unit 2 Approx SqFt:

888
Total 3+ BR Units:

3
Unit 3 Rooms:

6
Unit 3 Bedrooms:

3
Unit 3 Baths:

1
Unit 3 Approx SqFt:

888 Sqft
Unit 1 Info:

Appliances Included, CO Detector, Heat - Gas, Heat Included, Range - Gas, Refrigerator, Smoke Detector
Unit 2 Info:

Appliances Included, CO Detector, Heat - Gas, Heat Included, Range - Gas, Refrigerator, Smoke Detector
Unit 3 Info:

Appliances Included, CO Detector, Heat - Gas, Heat Included, Other, Range - Gas, Refrigerator, Smoke Detector

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
6/13/24 Jun 13, 2024	Sold Subject To Contingencies	PRIME_MLS	$650,000
6/6/24 Jun 6, 2024	Listed / Active	PRIME_MLS	$650,000	6.6%
6/23/23 Jun 23, 2023		PRIME_MLS	$610,000	15.3%

Want a closer look?

Go see 470 Spruce

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Manchester, NH

Similar sold homes

This multifamily located in East Side Manchester, Manchester, NH 03103 is currently for sale for $650,000. 470 Spruce is a 3,312 square foot multifamily with – beds and – baths that has been on Estately for 169 days. 470 Spruce is in the East Side Manchester neighborhood of Manchester and has a WalkScore® of 67, making it somewhat 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-Metropolitan.

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.