406 Belmont Street, Manchester, NH 03103
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
406 Belmont Street,Manchester, NH 03103
$850,000
- 5 Beds
- 6 Baths
- 3,348 sq. ft.
- Multi-family
- Active
Listed by: matthew lefebvre
Office: downtown realty603-554-2309
MLS#:5110849
Source:PrimeMLS
Price summary
- Price:$850,000
- Price per sq. ft.:$190.41
About this home
This six-unit multifamily asset in Manchester, NH offers a fully occupied, low-maintenance investment in a strong urban submarket. This city lot has limited landscaping maintenance and features one paved, off-street parking space per unit behind the building. The five 1-bedroom units have been renovated by the current ownership and have a mix of refinished hardwood and vinyl plank flooring throughout along with new kitchens, appliances, and fixtures. The sole studio unit remains unrenovated but is kept in excellent condition by a long-term resident. Landlord pays for heat, hot water, and water/sewer, while tenants are responsible for their own electric. Other major upgrades during the current ownership include, a full vinyl siding wrap, replacement of natural gas water heater, replacement of front decks, and the upgrade of electrical service and panels to individual 100-amp circuit breakers. Rents are slightly below-market throughout the property with a current gross annual rent projected at $100,800 and a proforma potential of $108,000 as rents are adjusted toward market levels. With all six units fully occupied and rents already near market, this offering presents a stable, turnkey opportunity for an investor seeking a low-management asset with modest, steady upside....
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Home facts
- Year built:1920
- Listing ID #:5110849
- Added:1 day(s) ago
- Updated:September 23, 2026 at 12:40 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:6
- Full bathrooms:6
- Flooring:Hardwood, Tile, Vinyl Plank
- Basement Description:Unfinished, Walk-up
- Living area:3,348 sq. ft.
Heating and cooling
- Heating:Oil, Steam
Structure and exterior
- Roof:Membrane
- Year built:1920
- Building area:3,348 sq. ft.
- Lot area:0.1 Acres
- Levels:3 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$190.41
- Tax amount:$8,559 (2025)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Paved Driveway
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