406 Belmont ST, Manchester, NH 03103
406 Belmont ST, Manchester, NH 03103
406 Belmont ST, Manchester, NH 03103
406 Belmont ST, Manchester, NH 03103
406 Belmont ST, Manchester, NH 03103
406 Belmont ST, Manchester, NH 03103
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KC Gandee

KC Gandee

+1(802) 558-8002
Listed by Matthew Lefebvre • Downtown Realty
$ 850,000
Est. payment | /mo

5 Beds

6 Baths

3,348 SqFt

Save
$ 850,000
Est. payment | /mo
Save

5 Beds

6 Baths

3,348 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,348 sqft

Price per Sqft $253

MLS Listing ID 5110849

Bedrooms 5

Full Baths 6

Construction Status Existing

Year Built 1920

Annual Tax Amount $8,559

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Description

This six-unit multifamily asset in Manchester, NH offers a fully occupied, low-maintenance investment in a strong urban submarket. This city lot has limited landscaping maintenance and features one paved, off-street parking space per unit behind the building. The five 1-bedroom units have been renovated by the current ownership and have a mix of refinished hardwood and vinyl plank flooring throughout along with new kitchens, appliances, and fixtures. The sole studio unit remains unrenovated but is kept in excellent condition by a long-term resident. Landlord pays for heat, hot water, and water/sewer, while tenants are responsible for their own electric. Other major upgrades during the current ownership include, a full vinyl siding wrap, replacement of natural gas water heater, replacement of front decks, and the upgrade of electrical service and panels to individual 100-amp circuit breakers. Rents are slightly below-market throughout the property with a current gross annual rent projected at $100,800 and a proforma potential of $108,000 as rents are adjusted toward market levels. With all six units fully occupied and rents already near market, this offering presents a stable, turnkey opportunity for an investor seeking a low-management asset with modest, steady upside.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning MX-2

Rooms

Basement Entrance Walk-up

Basement Unfinished

Interior

Cooling None

Flooring Hardwood, Tile, Vinyl Plank

Exterior

Utilities Available Other

Waterfront Description No

View Y/N No

View No

Roof Type Membrane

Building

Story 3

Sewer Public

Architectural Style Apartment Building, Multi-Family

Construction Status Existing

PrimeMLS

Nearby Locations

KC Gandee

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(802) 558-8002

[email protected]

Rutland, VT 05701, USA

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406 Belmont ST