59-61 Nashua
Manchester, NH 03104
- – beds
- – baths
- 3,254 sqft
- 12,197 sqft lot
- $225 per sqft
- 1820 build
- – on site
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Discover this exceptional 3-unit property located in the heart of Manchester, NH—one of the state’s most sought-after rental markets. This investment gem is perfectly situated within walking distance to schools for all grades, public transportation, and the vibrant downtown area filled with trendy restaurants and shops. Each unit boasts separate utilities, including efficient natural gas heating, ensuring ease of management and tenant convenience. The property sits on an oversized city lot, providing ample off-street parking—a rare find in this bustling area. The property features 7 garage bays and a large shed, offering potential for extra income or valuable storage space. The shed and 3 garage bays are currently rented and bringing in $745 in monthly income. The upstairs 3-bedroom unit spans over 1,500 sq ft, providing spacious living that’s highly desirable in this market for renters and owner occupants alike. All units are currently rented at below-market rates and tenants are on month-to-month leases, offering significant potential for increased income. The large, accessible basement provides even more storage opportunities for each unit. Whether you’re a seasoned investor or looking to start your real estate portfolio, this property presents a unique blend of location, amenities, and income potential that’s hard to match. Don’t miss out on this lucrative investment in Manchester’s thriving rental market! Showings begin at Open House on Saturday 8/17 from 11-1.
Listing courtesy of PRIME_MLS / Brandon Gove / Coldwell Banker Realty Portsmouth NH, EXP Realty / Off: 603-334-1900
Last checked:
Checking…
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Last updated Oct 18, 2024
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MLS# 5009814 —
The Building
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Year Built:1820
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Timber Frame, Vinyl Siding
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Architectural Style:Multi-Family
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Roof:Membrane, Shingle
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Foundation:Block w/ Skim Coating, Concrete
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Total Stories:2
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Total Units:3
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Approx SqFt Total:5382
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Approx SqFt Total Finished:3,254 Sqft
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Approx SqFt Finished Above Grade:3,254 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade:510
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Approx SqFt Unfinished Above Grade Source:Public Records
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Approx SqFt Unfinished Below Grade:1618
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Approx SqFt Unfinished Building Source:Public Records
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Approx SqFt Finished Above Grade Source:Public Records
Interior
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Basement:Yes
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Basement Description:Bulkhead, Interior Access, Storage Space, Unfinished
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Basement Access Type:Interior
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Room 5 Type:Month to Month
Location
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Directions:GPS is Accurate. Parking on Nashua St or Jane St, access to driveway is from Jane St
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Map:412
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Latitude:42.995015305580978
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Longitude:-71.452250542327874
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot:14
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Lot Features:City Lot, Corner, Near School(s)
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Lot SqFt:12,197 Sqft
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Lot Acres:0 Sqft
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Zoning:R3
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Exterior Features:Outbuilding, Porch - Enclosed, Storage
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Driveway:Paved
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Roads:Paved, Public
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Road Frontage:Yes
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Road Frontage Length:220 Sqft
Listing Agent
- Contact info:
- Office phone:
- (603) 334-1900
Taxes
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Tax Year:2023
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Taxes TBD:No
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Tax - Gross Amount:$8,270
Beds
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Bedrooms - Level 4:4
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Total 2 Bedroom Units:1
Baths
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Total Full Baths:3
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Unit 1 Baths:1
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Unit 2 Baths:1
The Listing
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Price Per SqFt:225.26
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Hot Water, Monitor Type, Mini Split
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Heat Fuel:Gas - Natural
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Total Heat Units:3
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Total Water Heaters:3
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Cooling:Mini Split
Utilities
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Utilities:Cable - At Site, Gas - On-Site
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Separate Utilities:Yes
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Sewer:Public Sewer On-Site
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Electric:100 Amp
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Water Source:Public Water - On-Site
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Total Gas Meters:3
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Total Electric Meters:3
Appliances
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Appliances:Water Heater – Gas
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Total Refrigerators:2
Schools
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Elementary School:McDonough School
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Middle Or Jr High School:Hillside Middle School
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High School:Manchester Central High Sch
The Community
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Area Description:Near Public Transportatn, Near Shopping
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Covenants:No
Parking
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Garage:Yes
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Garage Capacity:7
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Parking:Driveway, Garage, Off Street, Parking Spaces 5 - 10, Paved
Extra Units
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Unit 1 Rooms:4
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Unit 1 Bedrooms:2
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Unit 2 Bedrooms:1
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Total 3+ BR Units:1
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Unit 3 Rooms:5
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Unit 3 Bedrooms:3
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Unit 3 Baths:1
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Unit 3 Approx SqFt:1,564 Sqft
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Unit 1 Info:Air Conditioner
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/18/24
Oct 18, 2024
|
Sold | PRIME_MLS | $733,000 | 2.5% |
8/23/24
Aug 23, 2024
|
Sold Subject To Contingencies | PRIME_MLS | $714,900 | |
8/15/24
Aug 15, 2024
|
Listed / Active | PRIME_MLS | $714,900 |