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About This Home
This 9-bedroom, 3-bathroom residential multi family at 86 School Street in Manchester, NH is listed for $650,000 ($183 per sqft). Built in 1900, the home offers 3,560 sqft of living space on a 0.12 acres lot.
Attention Investors & Owner-Occupants! The Ultimate Turn-Key 3-Family on Manchester's West Side! Welcome to 86 School Street, a massive multi-family property that checks every single box on a buyer's wishlist. Situated on a prime corner lot in a high-demand rental pocket, this property offers incredible scale, premium mechanics, and zero-headache operations.The first and second stories boast a highly desirable, spacious 1,400 sq.ft.
3-bedroom, 1-bathroom layout averaging an expansive footprint that crushes the local competition. Flooded with natural light, these apartments feature generous living areas, and the perfect layout for long-term, premium tenants. With the second floor vacant, you can live in one unit and "house hack" or rent it out at current market rate!
Say goodbye to unpredictable winter heating bills! This building features completely separate, tenant-paid utilities. A natural gas high-efficiency heating systems, 2 tankless on-demand hot water heaters, and separate electric meters.The landlord's expenses are kept incredibly lean, maximizing your Net Operating Income (NOI) from day one.
Set on a prominent corner lot, the property offers dedicated off-street parking-a massive premium on the West Side. Tenants will love the convenience of being minutes from Catholic Medical Center (CMC), downtown Manchester's vibrant dining scene, and immediate highway access for an easy commute. With all major mechanical updates already done for you, and COC in hand, 86 School Street is a rare, powerhouse asset to add to your portfolio. Showings begin at open house on June 6th 10am-12pm. Don't miss this West Side gem!
Key Features
- Built in 1900
- 0.12 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
86 School Street
Manchester, NH 03102
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Appliances
Questions & Answers
This 9-bedroom, 3-bathroom residential multi family at 86 School Street is listed at $650,000 ($183/sqft). The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.12 acre lot, 3 stories. Exterior Features: Deck, Partial Fence, Porch.
This property is listed by Shawn Goodwin and can be reached at (603) 232-8282 or mmulcahy@kw.com.
