About This Home

This 5-bedroom, 3-bathroom residential multi family at 190 Ray Street in Manchester, NH is listed for $649,900 ($197 per sqft). Built in 1870, the home offers 3,307 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1870
  • 0.18 acre lot
  • 3 stories

Property Details

3 stories
3 full
1870

Amenities

HardwoodA/C
Listing Description

Opportunity knocks with this well-maintained three-family property located in Manchester's desirable North End, offering the perfect blend of immediate cash flow and long-term investment potential. Featuring two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all three apartments are currently occupied with month-to-month leases, providing flexibility for investors or owner-occupants alike.

Current rental income totals $5,400 per month ($64,800 annually), with separate utilities allowing tenants to pay their own heat, hot water, and electricity. Built in 1870 with classic Colonial charm, the property offers over 3,300 square feet of finished living space and features hardwood, laminate, and carpet flooring, public water and sewer, natural gas and oil heat, plus off-street parking.

Conveniently located just minutes from downtown Manchester, schools, hospitals, shopping, restaurants, and major commuter routes, this is an ideal addition to any investment portfolio or a fantastic opportunity to offset your mortgage with rental income. Whether you're looking to expand your portfolio or purchase your first multi-family property, 190 Ray Street delivers strong income, an excellent location, and tremendous upside. Don't miss your chance to own this solid North End investment.

Monthly Cost Estimate

$3,476/mo

20% down · 6.5% · 30 years

Principal$470
Interest$2,816
Insurance$190

Estimates only. Actual payments may vary.

Location

190 Ray Street

Manchester, NH 03104

Features & Amenities

Exterior Features

Garden SpaceNatural ShadeStorage

Property Details

Flooring

HardwoodLaminateCarpet

Construction

Aluminum Siding

Parking

On Street

Heating

OilNatural Gas

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 190 Ray Street is listed at $649,900 ($197/sqft). The estimated monthly payment is $3,476 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1870, 0.18 acre lot, 3 stories. Exterior Features: Garden Space, Natural Shade, Storage.

This property is listed by Mark Lynch and can be reached at (603) 647-8000.

ML

Mark Lynch

Agent at RE/MAX Synergy

(603) 647-8000

Listed by RE/MAX Synergy · View on Broker Site

MLS# 5100708· Source: listhub· 1 day on market

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190 Ray Street, Manchester, NH 03104

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