USANHManchester309-305-309 Cedar St
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$1,795,000

For Sale

6 days ago

309 - 305-309 Cedar St, Manchester, NH

MLS® 5105141

0 Bed

9 Bath

7356 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7356 sqft
Garage No
Taxes $16,692
Days Active 5
Lot Size 0.10999999940395355 Acres
Approx. Age 1910
Avg. Price Per Sqft $244
MLS® Number 5105141

Property Address: 309-305-309 Cedar St, Manchester, NH, 03103-5668

Average square foot calculated using Size range provided by listing agent.

Description

Excellent 9-unit multifamily investment opportunity in Manchester consisting entirely of spacious 2- and 3-bedroom apartments. The property generates strong rental income, with current rents averaging approximately $1, 900/month for 2-bedroom units and $2, 500/month for 3-bedroom units. Several units have recently been turned with modest updates, providing a clean, attractive product while maintaining an opportunity for a new owner to continue improving the property and increasing rents over time. The landlord pays for natural gas heat, hot water, and water/sewer. The property is heated by a natural gas boiler, which also provides hot water to three units, while the remaining six units are served by three electric water heaters. Tenants are responsible for their own electricity. The property offers approximately five off-street parking spaces, with additional street parking available in the surrounding neighborhood. Pro forma rents are approximately $229K/year, with pro forma NOI of approximately $149K/year, representing an 8.3% cap rate at the asking price. This is a strong opportunity to acquire a well-located, income-producing multifamily property with a solid unit mix, strong rental income, and additional long-term upside.
MLS® Number5105141
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageNo
Approx. Age1910
BasementUnfinished
Driveway
Garage Spaces
HeatNatural Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 14, 2026List Date
$1,795,000List Price
  • Commute

Commute

Starting Address
Destination Address
305-309 Cedar St, Manchester, NH

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