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About This Home

This 7-bedroom, 4-bathroom residential multi family at 575 Summer Street in Manchester, NH is listed for $850,000 ($197 per sqft). Built in 1920, the home offers 4,320 sqft of living space on a 0.12 acres lot.

Agent Description

Exceptional investment opportunity with strong cash-flow potential! This well-maintained 4-unit multifamily property offers over 4,300 square feet of rentable living space and features an attractive unit mix of two spacious 3-bedroom units and two 1-bedroom units.

Designed for efficiency and investor-friendly ownership, all utilities are separately metered, with tenants responsible for their own utility expenses, significantly reducing owner overhead and maximizing net operating income. The property is serviced by natural gas, includes off-street parking, and offers added tenant convenience with washer/dryer

hookups in both 3-bedroom units, plus additional laundry hookups in the basement, creating the potential for supplemental income through a shared laundry area. One of the most compelling features is the opportunity for future revenue growth. Three of the four units are currently occupied on month-to-month leases, providing flexibility for an investor to adjust rents to market rates and optimize cash flow.

The property has been cared for by long-term, reliable tenants who pay on time and take pride in maintaining their homes, helping to preserve the condition of the building while providing stable income. Whether you're looking to expand your portfolio, execute a value-add strategy, or secure a turnkey asset with upside potential, this property checks all the boxes.

With strong fundamentals, low operating expenses, separate utilities, and significant room to increase income, this is a rare chance to acquire a multifamily asset with both immediate cash flow and long-term appreciation potential. Don't miss the opportunity to unlock the full earning power of this investment property. Group showings Tuesday 6/8 at 6pm, Thursday 6/10 at 12pm and Saturday 6/13 at 1pm by APPOINTMENT ONLY!

Key Features

  • Built in 1920
  • 0.12 acre lot
  • 3 stories

Property Details

3 stories
4 full
1920

Amenities

Hardwood

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

575 Summer Street

Manchester, NH 03103

Property Details

Flooring

Hardwood

Construction

Wood Frame

Heating

Natural Gas

Questions & Answers

This 7-bedroom, 4-bathroom residential multi family at 575 Summer Street is listed at $850,000 ($197/sqft). The estimated monthly payment is $3,683 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.12 acre lot, 3 stories.

This property is listed by Nikki Kalantzis and can be reached at (603) 389-6604 or rebecca@rognextlevel.com.

NK

Nikki Kalantzis

Agent at Realty One Group Next Level

(603) 389-6604

Listed by Realty One Group Next Level · View on Broker Site

MLS# 5093367· Source: listhub· Updated 1 days ago

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575 Summer Street, Manchester, NH 03103

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