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Listed by AJ Pappas • EXP Realty • Cell: 978-270-5225
$1,100,000
Est. payment /mo
14 Beds
6 Baths
5,884 SqFt
New
494 Wilson ST Manchester, NH 03103
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,884 sqft
Price per Sqft $186
MLS Listing ID 5106468
Bedrooms 14
Full Baths 6
Construction Status Existing
Year Built 1883
Annual Tax Amount $11,425
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Exceptional, 5-unit multifamily property located on Manchester's desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit, and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10,300/month (approximately $123,600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100,000/year in Net Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning RES 4-8UNIT MDL-03
Rooms
Basement Entrance Walk-up
Basement Dirt
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Membrane,Rolled
Building
Story 2.5
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
NEARBY SCHOOL & BUSINESS
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