313 Amherst Street, Manchester, NH 03104

• 3 baths

Property Description

This listing courtesy of Kathy H Snyder, Monument Realty

Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1,548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2,350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1,548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2,200/month, excluding utilities. The third-floor unit includes 1,004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2,150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.

Listing Status:

Active

Date Added:

October 30, 2025 at 05:00AM

Listing Office:

Monument Realty : 603-888-5662

Listing Agent:

Kathy H Snyder : 603-966-0694

MLS ID:

5067889

Interior

• Basement: BulkheadDirtNo Tenant AccessInterior StairsUnfinishedBasement Stairs
• A/C: None
• Heating: Natural GasHot Water

Exterior

• General: Covered Porch
• Style: New Englander
• Parking: DrivewayOff StreetParking Spaces 5 - 10

Construction

• Roofing: Asphalt Shingle
• General: Vinyl SidingOther

Location

• Road/Access: PavedPublicPublic Maintained Road
• School District: Manchester School District
• County: Hillsborou

Lot

• Driveway: Paved
• Zoning: MDL3
• Current Use: None

Utilities

• Utilities: Cable Available
• Water: Public
• Sewer: Public

This listing courtesy of Kathy H Snyder, Monument Realty