Multi-Family for Sale: 489 Pine Street, Manchester, NH 03104

9 beds
8 full baths
4,095 sqft
$3,049,900
$3,049,900
489 Pine Street, Manchester, NH 03104
9 beds
8 full baths
4,095 sqft
$3,049,900
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Price:
$3,049,900
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Type Multi-Family
Style Apartment Building
Beds 9
Total Baths 8 full baths
Square Feet 4,095 sqft
Lot Size 0.11 acres
Year Built 1920
Taxes Paid $8,877
City Manchester
County Hillsborough
School District Manchester Sch Dst SAU #37
MLS 5022062
Status Active
DOM 40 days
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don’t miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!

Lot & Building Features

Utilities Cable, Phone, Other
Construction Vinyl Exterior, Wood Frame
Cooling None
Heating Hot Air
Parking Description Detached
Sewer Public
Tax Year 2024
Taxes Paid $8,877
Water Public
Basement Description Full
Foundation Stone
Lot Description Level
Roof Flat
Garage Yes

Community and Schools

Elementary School Beech Street School
Junior High School Southside Middle School
Senior High School Central High School

Unit Features

Unit 1 Apx Sqft 800
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1650.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Heat
Unit 2 Apx Sqft 350
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1275.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Style Studio
Unit 2 Tenant Pays Electric, Heat
Unit 3 Apx Sqft 350
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Lease Term Annual
Unit 3 Rental Amount 1235.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 3 Style Studio
Unit 3 Tenant Pays Electric, Heat
Unit 4 Apx Sqft 300
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1100.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Month to Month
Unit 4 Style Studio
Unit 4 Tenant Pays Electric, Heat
Unit 5 Apx Sqft 250
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Month to Month
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1200.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Month to Month
Unit 5 Style Studio
Unit 5 Tenant Pays Electric, Heat
Unit 6 Apx Sqft 340
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Annual
Unit 6 Rental Agreement Yes
Unit 6 Rental Amount 1275.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Leased
Unit 6 Style Studio
Unit 6 Tenant Pays Electric, Heat
Unit 7 Apx Sqft 250
Unit 7 Baths 1
Unit 7 Bedrooms 1
Unit 7 Lease Term Annual
Unit 7 Rental Agreement Yes
Unit 7 Rental Amount 1200.00
Unit 7 Rental Amt Freq Monthly
Unit 7 Status Leased
Unit 7 Style Studio
Unit 7 Tenant Pays Electric, Heat
Unit 8 Apx Sqft 340
Unit 8 Baths 1
Unit 8 Bedrooms 1
Unit 8 Lease Term Annual
Unit 8 Rental Agreement Yes
Unit 8 Rental Amount 1275.00
Unit 8 Rental Amt Freq Monthly
Unit 8 Status Leased
Unit 8 Style Studio
Unit 8 Tenant Pays Electric, Heat

Price History of 489 Pine Street, Manchester, NH

Date Name Price Difference
11/13/2024 Listing Price $3,049,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 489 Pine Street, Manchester, NH

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Inquire about this property

Photo of Lori Bellemore
Direct: 603-494-6513
Office
195 McGregor Street, Suite 325
Manchester, NH 03102
603-824-5794
Listed by The Aland Realty Group, Mike Giannone
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0.29106003475524%
6.75%
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489 Pine Street (MLS #5022062) is a multi-family listing located in Manchester, NH. This multi-family listing is 4,095 sqft and on a lot of 4,792 sqft (or 0.11 acres) with 9 bedrooms, 8 baths and is 104 years old. This property was listed on 11/13/2024 and has been priced for sale at $3,049,900.

Nearby zip codes are 03045, 03101 1652, 03101, 03102 and 03103. This property neighbors other cities such as Auburn, Bedford, Goffstown, Hooksett and Londonderry.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: The Aland Realty Group

Copyright 2024 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 12/23/2024