Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space. Great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don’t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 2
Living Area: 4,541 SqFt
Listing Office:
Office Name: The Aland Realty Group
Office Phone: (603) 501-0463
Listing Agent: Mike Giannone
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: Off-Site, On-Site
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Hot Water
Cooling: None
Other
Directions Information:
Directions: Take exit 5 to Granite St off 293. Continue up Granite, cross over Elm St. In .6 miles take aleft onto Pine St. Take a right onto Merrimack St in 800 ft. Building is on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $3,049,900
Price Per SqFt: $672/SqFt
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Housing Market Comparison
See how this home compares to others in Manchester, NH.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 4:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Henry Wilson Elementary School
555 Cedar St
Distance between this listing and this school0.26 miles
Public District Grades KG-5
4
/10
McDonough School
550 Lowell St
Distance between this listing and this school0.50 miles
Public District Grades KG-5
1
/10
Beech Street School
333 Beech St
Distance between this listing and this school0.51 miles
Public District Grades KG-5
Nearby Schools
2
/10
Hillside Middle School
112 Reservoir Ave
Distance between this listing and this school0.67 miles
Public District Grades 6-8
1
/10
Southside Middle School
300 S Jewett St
Distance between this listing and this school1.52 miles
Public District Grades 6-8
2
/10
Middle School at Parkside
75 Parkside Ave
Distance between this listing and this school1.65 miles
Public District Grades 5-8
Nearby Schools
3
/10
Manchester Central High School
535 Beech St
Distance between this listing and this school0.45 miles
Public District Grades 9-12
1
/10
Manchester West High School
9 Notre Dame Ave
Distance between this listing and this school1.41 miles
Public District Grades 9-12
2
/10
Manchester Memorial High School
1 Crusader Way
Distance between this listing and this school1.63 miles
The neighbors living near this home have an average income of $31,458. Most Manchester, NH residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Manchester, NH
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Manchester, NH?
Manchester's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate a range of preferences. The architectural styles in the area are varied, with a notable presence of colonial, ranch, and Victorian homes. A significant portion of the housing stock was constructed during the late 20th century, reflecting a period of growth and development. The city has a healthy homeownership rate, with a substantial portion of residents owning their homes, while the remainder are engaged in the rental market.
Is Manchester, NH a good place to live?
Manchester prides itself on a vibrant community spirit, underscored by annual events that showcase the city's cultural heritage and local talent. The city's character is further enriched by its public parks, museums, and art galleries, which serve as hubs for community engagement and cultural expression. Residents and visitors alike enjoy a variety of recreational and entertainment options that contribute to the city's lively yet family-friendly atmosphere.
Are things conveniently located in Manchester, NH?
The city is served by a robust educational system, including numerous public schools that span elementary to high school levels, alongside private institutions that cater to a range of educational needs. Manchester is home to several healthcare facilities, offering services from primary care to specialized medical treatments. The public library system is well-established, providing residents with access to a wealth of resources and programs. Retail and dining options reflect the local culture, with a blend of national chains and independent businesses that cater to a variety of tastes and preferences.
What does the transportation in Manchester, NH look like?
Manchester's transportation infrastructure supports both private and public transit options, with a network of roads and highways that facilitate commuting within the city and to neighboring areas. Public transportation services are available, providing residents with alternatives to private vehicle use. The city is increasingly focusing on enhancing walkability and bikeability, particularly in the downtown area, to promote a more pedestrian-friendly environment. Ride-sharing services are operational, complementing the existing transportation options and offering additional convenience for residents and visitors.
Frequently Asked Questions About 355-357 Merrimack St
What is the listing price of this property?
The listing price of 355-357 Merrimack St property is $3,049,900.
What type of property is this?
The property 355-357 Merrimack St is land located in Manchester, New Hampshire, 03103.
Is this property for sale now?
Active Listing: 355-357 Merrimack St is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 355-357 Merrimack St is 0.13 acres.
Interested in 355-357 Merrimack St? Let's connect.
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This home is located at 355-357 Merrimack St in Manchester, NH and zip code 03103. This 4,541 square foot home, which was built in 1920, sits on a 0.13 acre lot. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $3,049,900.
The inventory of homes for sale in Manchester, NH between September 2024 and October 2024 increased by 100%. In October 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $429,450.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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