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Listing courtesy of PRIME_MLS / Mike Giannone / The Aland Realty Group

489 Pine

Manchester, NH 03104

– beds
– baths
4,095 sqft
4,792 sqft lot
$744 per sqft
1920 build
– on site

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don’t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!

Listing courtesy of PRIME_MLS / Mike Giannone / The Aland Realty Group

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# 5022062 —

The Building

Year Built:

1920
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Vinyl Exterior
Architectural Style:

Apartment Building
Roof:

Flat
Foundation:

Stone
Total Stories:

3
Total Units:

8
Approx SqFt Total:

5460
Approx SqFt Total Finished:

4,095 Sqft
Approx SqFt Finished Above Grade:

4,095 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1365
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records

Interior

Basement:

Yes
Basement Description:

Full
Basement Access Type:

Interior
Room 5 Type:

Leased

Room Dimensions

Room 1 Dimensions:

0 Sqft
Room 4 Dimensions:

0 Sqft
Room 7 Dimensions:

0 Sqft
Room 6 Dimensions:

0 Sqft
Room 8 Dimensions:

0 Sqft
Room 11 Dimensions:

0 Sqft
Room 13 Dimensions:

0 Sqft
Room 14 Dimensions:

0 Sqft
Room 16 Dimensions:

Studio
Room 19 Dimensions:

Studio
Room 20 Dimensions:

Studio

Location

Directions:

Pine St, North of Bridge.
Map:

5
Latitude:

42.995654458617828
Longitude:

-71.459496373016364

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot:

15
Lot SqFt:

4,792 Sqft
Lot Acres:

0 Sqft
Zoning:

Residential R3
Driveway:

Paved
Roads:

Public
Road Frontage:

Yes
Road Frontage Length:

65 Sqft
Water View:

No
Water Body Access:

No
Waterfront:

No
Lot Features:

Level

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

Yes
Tax - Gross Amount:

$8,877.04

Beds

Bedrooms - Level 1:

1
Bedrooms - Level 3:

340
Total 2 Bedroom Units:

1

Baths

Total Full Baths:

8
Full Baths Size:

0 Sqft
Quarter Baths:

1
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

744.79
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Hot Air
Heat Fuel:

Gas - Natural
Total Water Heaters:

1

Utilities

Utilities:

Cable, Other, Phone
Separate Utilities:

Varies
Sewer:

Public
Electric:

Circuit Breaker(s)
Water Source:

Public
Total Gas Meters:

9

Appliances

Total Refrigerators:

8

Schools

Elementary School:

Beech Street School
Middle Or Jr High School:

Southside Middle School
High School:

Central High School
School District:

Manchester Sch Dst SAU #37

The Community

Condo Name:

Monthly
Marina Name:

Monthly
Covenants:

No
Assessment Year:

2023
Assessment Amount:

470700

Parking

Garage:

Yes
Garage Capacity:

1
Parking:

Detached

Extra Units

Unit 1 Bedrooms:

2
Unit 1 Approx SqFt:

800 Sqft
Unit 2 Bedrooms:

1
Unit 2 Approx SqFt:

350
Unit 3 Style:

Studio
Unit 3 Bedrooms:

1
Unit 3 Baths:

1
Unit 3 Approx SqFt:

350 Sqft
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 5 Bedrooms:

1
Unit 5 Baths:

1
Unit 5 Approx SqFt:

250 Sqft
Unit 6 Style:

Studio
Unit 6 Bedrooms:

1
Unit 6 Baths:

1
Unit 7 Approx SqFt:

250 Sqft
Unit 8 Baths:

1
Unit 8 Bedrooms:

1
Unit 8 Approx Sqft:

340 Sqft

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
11/13/24 Nov 13, 2024	Listed / Active	PRIME_MLS	$3,049,900
4/2/19 Apr 2, 2019	Sold	PRIME_MLS
2/8/19 Feb 8, 2019	Sold Subject To Contingencies	PRIME_MLS

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This multifamily located in East Side Manchester, Manchester, NH 03104 is currently for sale for $3,049,900. 489 Pine is a 4,095 square foot multifamily with – beds and – baths that has been on Estately for 10 days. 489 Pine is in the East Side Manchester neighborhood of Manchester and has a WalkScore® of 95, making it a walker’s paradise. This multifamily is in the attendance area of Manchester Central High School, Mcdonough Elementary School, and Hillside Middle School.

Listing Courtesy of: PRIME_MLS and The Aland Realty Group.

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.