355-357 Merrimack Street

Manchester, NH 03103

$854,900
Price
10
Beds
6
Baths
4,541 Sq. Ft.
$188 / Sq. Ft.
4,541
Sq. Ft.
$188
per Sq. Ft.

Description

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...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!
  1. Listed by Mike Giannone • The Aland Realty Group

Property Details for 355-357 Merrimack Street

Parking
Off-Site, On-Site
Zoning
Residential
LISTING UPDATED: 02/15/2025 04:01 PM

Property Details for 355-357 Merrimack Street

StatusActive
MLS #5022063
Days on Market102
Taxes$8,736 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.13 AC / 5,662 SF
CountyHillsborough County

Building Information for 355-357 Merrimack Street

Stories2Residences5Year Built1920Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 355-357 Merrimack Street

Summary
Location and General Information
  • City: Manchester
  • County: NH-Hillsborough
  • 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.
  • Latitude: 42.989245403501464
  • Longitude: -71.450290419643409
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 0127
  • Zip Code: 03103
Taxes and HOA Information
  • Tax Year: 2024
  • Taxes TBD: Yes
School Information
  • School - High: Central High School
  • School - District: Manchester Sch Dst SAU #37
  • School - Elementary: Beech Street School
  • School - Middle/Jr: Southside Middle School
Parking
  • Garage: No
  • Garage Capacity: .00
  • Driveway: Paved
Property
Lot Information
  • Block: 0
  • Lot: 26
  • Lot - Sqft: 5663.0
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Road Frontage Length: 80.0
  • Square Feet Apx Finished Above Grade: 4541.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 6964.0
  • Square Feet Apx Total Finished: 4541.0
  • Square Feet Apx Unfinished Above Grade: 412.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 2011.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Assessment Amount: $463,200
  • Assessment Year: 2023
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1920
Utilities
  • Electric: 100 Amp
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Other, Phone
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Roof: Shingle - Asphalt
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Heating: Natural Gas, Hot Water
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $91,200.00
  • Net Income: $65,603.43
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Snow Removal, Utilities, Water/Sewer
  • Operating Expense: $23,268
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 1
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Month to Month
  • Unit 1 Apx Sqft: 900.0
  • Unit 1 Rental Amount: $1,300.00
  • Unit 1 Tenant Pays: Electric
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Apx Sqft: 900.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,700.00
  • Unit 2 Tenant Pays: Electric
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Month to Month
  • Unit 3 Apx Sqft: 800.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,450.00
  • Unit 3 Tenant Pays: Electric
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Apx Sqft: 600.0
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $1,500.00
  • Unit 4 Tenant Pays: Electric
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Month to Month
  • Unit 5 Style: single family home
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 3
  • Unit 5 Apx Sqft: 1220.0
  • Unit 5 Lease Term: Month to Month
  • Unit 5 Rental Amount: $1,650.00
  • Unit 5 Tenant Pays: Electric, Heat, Hot Water

Property History for 355-357 Merrimack Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 355-357 Merrimack Street

This home is within Manchester School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mcdonough School
PublicPK to 5

Hillside Middle School
Public6 to 8

Manchester Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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355-357 Merrimack Street is a multi-family home for sale in Manchester, NH 03103. This property was listed for sale on November 13, 2024 by The Aland Realty Group, it's currently listed at $854,900. It has been on the market for a total of 102 days and was last sold on April 2, 2019. This listing's school district is Manchester School District. Nearby schools include Mcdonough School, Hillside Middle School and Manchester Central High School. 355-357 Merrimack Street is a 10-bed, 6-bath, 4,541 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Aland Realty Group

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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. Data last updated 02/24/2025 09:41 AM