489 Pine Street

Manchester, NH 03104

$3,049,900
Price
9
Beds
8
Baths
4,095 Sq. Ft.
$745 / Sq. Ft.
4,095
Sq. Ft.
$745
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! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total...Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. 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 489 Pine Street

Parking
Detached
Water View
No
Waterfront Property
No
Zoning
Residential R3
LISTING UPDATED: 11/14/2024 01:08 PM

Property Details for 489 Pine Street

StatusActive
MLS #5022062
Days on Market4
Taxes$8,877 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.11 AC / 4,791 SF
CountyHillsborough County

Building Information for 489 Pine Street

Stories3Residences8Year Built1920Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 489 Pine Street

Summary
Location and General Information
  • City: Manchester
  • County: NH-Hillsborough
  • Directions: Pine St, North of Bridge.
  • Latitude: 42.995654458617828
  • Longitude: -71.459496373016364
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 5
  • Zip Code: 03104
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: Yes
  • Garage Capacity: 1.00
  • Driveway: Paved
Property
Lot Information
  • Block: 0
  • Lot: 15
  • Lot - Sqft: 4792.0
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Road Frontage Length: 65.0
  • Square Feet Apx Finished Above Grade: 4095.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 5460.0
  • Square Feet Apx Total Finished: 4095.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 1365.0
  • Square Feet Apx Unfinished BG Source: Public Records
  • Water Body Access: No
Property and Assessments
  • Assessment Amount: $470,700
  • Assessment Year: 2023
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1920
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Other, Phone
  • Total Gas Meters: 9
  • Separate Utilities: Varies
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Exterior
  • Roads: Public
  • Roof: Flat
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Total Full Baths: 8
  • Heat Fuel: Gas - Natural
  • Heating: Hot Air
  • Cooling: None
  • Total Refrigerators: 8
  • Total Stories: 3
  • Total Water Heaters: 1
Multi Family
Income & Expenses Information
  • Gross Income: $122,520.00
  • Net Income: $86,784.01
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Snow Removal, Utilities, Water/Sewer
  • Operating Expense: $32,467
Multi-Family Information
  • Total Units: 8
  • Total 1 BR Units: 7
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Apx Sqft: 800.0
  • Unit 1 Rental Amount: $1,650.00
  • Unit 1 Tenant Pays: Electric, Heat
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Style: Studio
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Apx Sqft: 350.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $1,275.00
  • Unit 2 Tenant Pays: Electric, Heat
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Style: Studio
  • Unit 3 Apx Sqft: 350.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $1,235.00
  • Unit 3 Tenant Pays: Electric, Heat
Unit 4
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Style: Studio
  • Unit 4 Baths: 1
  • Unit 4 Apx Sqft: 300.0
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Month to Month
  • Unit 4 Rental Amount: $1,100.00
  • Unit 4 Tenant Pays: Electric, Heat
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Month to Month
  • Unit 5 Style: Studio
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Apx Sqft: 250.0
  • Unit 5 Lease Term: Month to Month
  • Unit 5 Rental Amount: $1,200.00
  • Unit 5 Tenant Pays: Electric, Heat
Unit 6
  • Unit 6 Rental Agreement: Yes
  • Unit 6 Lease Term: Annual
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Apx Sqft: 340.0
  • Unit 6 Rental Amt Freq: Monthly
  • Unit 6 Status: Leased
  • Unit 6 Style: Studio
  • Unit 6 Rental Amount: $1,275.00
  • Unit 6 Tenant Pays: Electric, Heat
Unit 7
  • Unit 7 Bedrooms: 1
  • Unit 7 Baths: 1
  • Unit 7 Rental Agreement: Yes
  • Unit 7 Lease Term: Annual
  • Unit 7 Rental Amt Freq: Monthly
  • Unit 7 Status: Leased
  • Unit 7 Style: Studio
  • Unit 7 Apx Sqft: 250.0
  • Unit 7 Rental Amount: $1,200.00
  • Unit 7 Tenant Pays: Electric, Heat
Unit 8
  • Unit 8 Baths: 1
  • Unit 8 Rental Amount: $1,275.00
  • Unit 8 Rental Agreement: Yes
  • Unit 8 Lease Term: Annual
  • Unit 8 Rental Amt Freq: Monthly
  • Unit 8 Status: Leased
  • Unit 8 Style: Studio
  • Unit 8 Bedrooms: 1
  • Unit 8 Apx Sqft: 340.0
  • Unit 8 Tenant Pays: Electric, Heat

Property History for 489 Pine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 489 Pine Street

Taxable ValueLand$77,100Additions$393,600Total$470,700
Tax Record2023$8,877 ($740 / month)
Home Facts
Baths8Total Finished SqFt4,095 SqFtAbove Grade Finished SqFt4,095 SqFtStories3Lot Size4,580 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyHILLSBOROUGHAPNMNCH M:0005 B:000 L:0015

Schools near 489 Pine Street

This home is within Manchester School District.
Rating
School
Type
Grades
Distance
Mcdonough School
Public - PK to 5
Hillside Middle School
Public - 6 to 8
Manchester Central High School
Public - 9 to 12
Manchester School Of Technology (High School)
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

Manchester School Of Technology (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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More information about 489 Pine Street, Manchester, NH 03104

489 Pine Street is a multi-family home for sale in Manchester, NH 03104. This property was listed for sale on November 13, 2024 by The Aland Realty Group, it's currently listed at $3,049,900. It has been on the market for a total of 4 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. 489 Pine Street is a 9-bed, 8-bath, 4,095 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 2024 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 11/17/2024 08:27 AM