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Nikki Douglass

nikkidouglass@kw.com +1(603) 557-0834

Listed by Kathy Sutherland • Keller Williams Realty Metro-Londonderry

$ 439,500

Est. payment -/mo

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498 Merrimack ST Manchester, NH 03103

6 Beds

2 Baths

2,560 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,560 sqft

Price per Sqft $171

MLS Listing ID 5114001

Bedrooms 6

Full Baths 2

Construction Status Existing

Year Built 1900

Annual Tax Amount $6,131

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Description

Two spacious units, multiple potential tenant pools, and plenty of opportunity to add value make this Manchester multi family the one investors will want to take a closer look at! Each unit offers approximately 1,280 sq. ft. with 2 to 3 bedrooms, separate entrances and separate utilities, providing flexibility for investors, owner occupants, or multigenerational living. Each unit, per the city, has two bedrooms, but the third spacious room could be used as a third sleeping area, home office, flex space, etc. The basement offers an abundance of additional storage for both units. Situated on a corner lot, there may also be potential to add another driveway for additional off street parking, subject to city approval. All but two windows were replaced in 2018. With some fresh paint and carpeting, this property offers an opportunity to make simple improvements while adding your own finishing touches. The location adds another layer of investment potential. Elliot Hospital is less than five minutes away, making the property an attractive option for traveling nurses and other healthcare professionals. Elm Street's dining, nightlife, and downtown amenities are approximately 10 minutes away, while UNH Manchester, Saint Anselm College, SNHU, Manchester Community College, and Franklin Pierce University contribute to a diverse potential tenant pool of students, faculty, and staff. Looking beyond a traditional rental? The size and layout could also make this a fantastic multigenerational option. Generous unit sizes, a convenient location, value-add potential, and an amazing price create an opportunity that's hard to ignore. Whether you're expanding your portfolio, purchasing your first multifamily, or looking for a property where you can live in one unit and rent the other, this one is worth a closer look. Seller will provide a new Certificate of Compliance (COC) at closing.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning res

Rooms

Basement Entrance Interior

Basement Full, Interior Stairs, Storage Space, Unfinished, Interior Access

Interior

Cooling None

Flooring Carpet, Wood, Vinyl Plank

Exterior

Utilities Available Gas On-Site

Roof Type Flat,Tar and Gravel

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Mcdonough School

Middle Schools Hillside Middle School

High Schools Manchester Central High Sch

School District Manchester Sch Dst Sau #37

Nikki Douglass

Lead Agent/CEO License ID: 059216

+1(603) 557-0834

Nikki Douglass

498 Merrimack ST Manchester, NH 03103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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498 Merrimack ST