463 Lake Avenue, Manchester, NH 03103
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
463 Lake Avenue,Manchester, NH 03103
$515,000
- 4 Beds
- 2 Baths
- 2,028 sq. ft.
- Multi-family
- Active
Listed by: nick gray
Office: gray property group, llc.603-637-4812
MLS#:5108239
Source:PrimeMLS
Price summary
- Price:$515,000
- Price per sq. ft.:$162.77
About this home
Turnkey duplex in Manchester’s Hanover Hill neighborhood, offering two well-maintained 2-bedroom, 1-bathroom units with functional layouts, stainless steel appliances, and durable vinyl plank flooring. Both units feature washer/dryer hookups, separate electric water heaters, and independent natural gas boilers. Tenants are responsible for heat, hot water, and electricity, while landlord pays public water and sewer. The property is conveniently located with easy access to Downtown Manchester and Elm Street, the South Willow Street commercial district, and Elliot Hospital. Downtown Manchester and the South Willow Street corridor are just minutes away, providing access to dining, retail, entertainment and everyday amenities. Elliot Hospital is less than a mile from the property, adding further appeal for healthcare professionals and hospital employees. The current owner has taken excellent care of the property, which features a brand-new roof installed in 2025 with a transferable 50-year warranty., and a clean, dry basement. A paved driveway and side parking area provide off-street parking for at least two vehicles, with the potential for up to four vehicles with tandem parking. The property is intentionally being marketed vacant, providing an owner-occupant or investor with the opportunity to take immediate possession and select their own tenants. The units were most recently rented for $1,875/month on the first floor and $1,850/month on the second floor. Pro forma financials reflect ~$45,000 in annual gross revenue and ~$29,000 in net income after operating expenses. Whether you are looking to expand your portfolio or owner-occupy, 463 Lake Avenue offers a rare turnkey opportunity in a convenient location. With proximity to Downtown, the South Willow commercial district, and Elliot Hospital, combined with a well-maintained property and established rental history, this duplex is ready for its next owner....
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Home facts
- Year built:1880
- Listing ID #:5108239
- Added:54 day(s) ago
- Updated:October 29, 2026 at 10:48 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Vinyl Plank
- Basement Description:Unfinished, Walk-up
- Living area:2,028 sq. ft.
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1880
- Building area:2,028 sq. ft.
- Lot area:0.07 Acres
- Levels:2 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$515,000
- Price per sq. ft.:$162.77
- Tax amount:$6,102 (2025)
Parking
- Parking description:Paved Driveway
Copyright 2026 Prime MLS, 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 Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 29, 2026New listings near 463 Lake Avenue
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