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498 Merrimack Street, Manchester, NH 03103

$439,500
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BEDS6 BATHS2 full SQUARE FEET2,560 MLS#5114001
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLManchester Sch Dst SAU #37

Listing Courtesy of: Keller Williams Realty Metro-Londonderry
Agency Phone: 603-232-8282
Associate Name: Kathy Sutherland
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Property Description

Two spacious units, multiple potential tenant pools, and plenty of opportunity to add value make this Manchester multi family the one investors will want to take a closer look at! Each unit offers approximately 1,280 sq. ft. with 2 to 3 bedrooms, separate entrances and separate utilities, providing flexibility for investors, owner occupants, or multigenerational living. Each unit, per the city, has two bedrooms, but the third spacious room could be used as a third sleeping area, home office, flex space, etc. The basement offers an abundance of additional storage for both units. Situated on a corner lot, there may also be potential to add another driveway for additional off street parking, subject to city approval. All but two windows were replaced in 2018. With some fresh paint and carpeting, this property offers an opportunity to make simple improvements while adding your own finishing touches. The location adds another layer of investment potential. Elliot Hospital is less than five minutes away, making the property an attractive option for traveling nurses and other healthcare professionals. Elm Street's dining, nightlife, and downtown amenities are approximately 10 minutes away, while UNH Manchester, Saint Anselm College, SNHU, Manchester Community College, and Franklin Pierce University contribute to a diverse potential tenant pool of students, faculty, and staff. Looking beyond a traditional rental? The size and layout could also make this a fantastic multigenerational option. Generous unit sizes, a convenient location, value-add potential, and an amazing price create an opportunity that's hard to ignore. Whether you're expanding your portfolio, purchasing your first multifamily, or looking for a property where you can live in one unit and rent the other, this one is worth a closer look. Seller will provide a new Certificate of Compliance (COC) at closing.

498 Merrimack Street | MLS# 5114001

This multi-family property located at 498 Merrimack Street, Manchester, NH 03103 is currently listed for sale with an asking price of $439,500. Merrimack Street is located within the Manchester Sch Dst SAU #37 school district. Search Manchester real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Stairs, Storage Space, Unfinished, Interior Access
Cooling: None
Heating: Natural Gas, Oil, Forced Air, Monitor Type
Home Style: Multi-Family
Lot Size: 0.07 Acres
Roof Type: Flat, Tar and Gravel
Stories: 2.0
Taxes: $6,131
Year Built: 1900

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 3
Unit 2:
Bathroom(s): 1
Bedrooms: 3

Feature Descriptions

Construction: Wood Frame
Days on Site: 7
Driveway: Concrete
Driveway: Concrete
Electric: Circuit Breaker(s)
Exterior: Wood Frame
Flood Zone: Unknown
Flooring: Carpet, Wood, Vinyl Plank
Foundation: Granite, Stone
Foundation: Granite, Stone
Lot: Corner
Parking: Driveway, Off Street
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 2560
Total Stories: 2
Units: 2
Water: Public
Zoning: res

Local Schools

High School: Manchester Central High Sch
Middle School: Hillside Middle School
Elementary School: McDonough School
School District: Manchester Sch Dst SAU #37

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Metro-Londonderry
Agent Name: Kathy Sutherland
Agency Phone: 603-232-8282

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Estimated Payment

$ 1,617.24 per month $978.14 Principal & Interest $510.92 Property Tax $128.19 Homeowner's Insurance

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