This listing courtesy of Mike Giannone , The Aland Realty Group
$3,129,900

187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104

  • 20 baths |
  • 18,118 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $173/sqft
  • Property List Date Icon Listed 26 days ago

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.

Listing Status:
Active
Date Added:
May 19, 2026
Data Last Updated:
June 15, 2026 at 2:58AM
Listing Office:
The Aland Realty Group : 603-501-0463
Listing Agent:
Mike Giannone : 978-806-6446 : mgiannone@alandrealty.com
MLS ID:
5089701
  • Basement: BulkheadConcreteConcrete FloorDirtDirt FloorFullInsulatedOtherExterior StairsInterior StairsAssigned StorageLocked StorageStorage SpaceUnfinishedInterior AccessExterior AccessBasement Stairs
  • A/C: None
  • Heating: PropaneNatural GasOilHot AirHot WaterSpace Heater
  • Style: Apartment BuildingDetachedMulti-FamilyOtherw/Addition
  • Roofing: Asphalt Shingle
  • General: Wood FrameVinyl SidingConcretePoured Concrete
  • Road/Access: PavedPublic
  • HOA Amenities: OtherTrash Removal
  • County: Hillsborou
  • Driveway: Paved
  • Zoning: R3
  • Restrictions: No Smoking
  • Utilities: Gas On-Site
  • Water: Public
  • Sewer: Public

This listing courtesy of Mike Giannone , The Aland Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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