SQUARE FEET12,271
MLS#5089701
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Listing Courtesy of:
The Aland Realty Group
Agency Phone: 603-501-0463
Associate Name: Mike Giannone
Property Description
An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27,805, totaling a gross annual income of $333,660. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7905. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Full, Insulated, Other, Exterior Stairs, Interior Stairs, Assigned Storage, Locked Storage, Storage Space, Unfinished, Interior Access, Exterior Access, Basement Stairs
Cooling: None
Garage: 1
Heating: Propane, Natural Gas, Oil, Hot Air, Hot Water, Space He
Home Style: Apartment Building, Detached, Multi-Family, Other, w/A
Lot Size: 0.40 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $29,754
Year Built: 1920
Feature Descriptions
Amenities: Other, Trash Removal
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Days on Site: 15
Driveway: Paved
Driveway: Paved
Electric: 100 Amp Service
Exterior: Wood Frame, Vinyl Siding
Flood Zone: No
Foundation: Concrete, Poured Concrete
Foundation: Concrete, Poured Concrete
Lot: Level
Restrictions: No Smoking
Roads: Paved, Public
Sewer: Public
Sq. Ft. Total Finished: 12271
Total Stories: 3
Units: 19
Water: Public
Water Access: No
Water View: No
Zoning: R3
Listed By / Shown By
Listed By
Agency Name: The Aland Realty Group
Agent Name: Mike Giannone
Agency Phone: 603-501-0463
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 10,358.19 per month $6,965.80 Principal & Interest $2,479.50 Property Tax $912.89 Homeowner's Insurance
Listing data compilation and photo(s) copyright © 2026 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. Data Last Updated 2026-06-03 15:58:01 
187,355-357,489 Merrimack, & Pine Street | MLS# 5089701
This multi-family property located at 187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104 is currently listed for sale with an asking price of $3,129,900. Search Manchester real estate on www.masiellogrouprealestate.com today.