Date
Details
Price
Change
Source
5/19/2026
Listed
$3,129,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,129,900 Just Listed
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Property Description
An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27,805, totaling a gross annual income of $333,660. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7905. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio.
Full Property Details
Full Property Details for 187 355-357 489 Merrimack & Pine St
General
- Price: $3,129,900
- Taxes: $29,754 (2024)
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5089701
- Updated: 5/19/2026
- Added to Site: 1 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Hillsborough
- Driving Directions: Three properties all within just a short distance of each other in Manchester, NH; - 489 Pine Street (8 units). - 187 Merrimack Street (6 units). - 355 - 357 Merrimack Street (5 units).
Heating & Cooling
- Cooling Type: None
- Heating Type: Propane, Natural Gas, Oil, Hot Air, Hot Water, Space Heater
Utilities
- Sewer: Public
- Trash: Curbside
- Separate Meters: Varies
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Bulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Full, Insulated, Other, Exterior Stairs, Interior Stairs, Assigned Storage, Locked Storage, Storage Space, Unfinished, Interior Access, Exterior Access, Basement
- Roof: Asphalt Shingles
- Stories/Levels: 3
- Finished Total: 12,271 Sq. Ft.
- Finished Above Grnd: 12,271 Sq. Ft.
- Year Built: 1920
Unit Information
- 1 Bedroom Units: 10
- 2 Bedroom Units: 8
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Frontage: Yes Road Frontage
- Frontage Feet: 200
- Driveway/Sidewalk: Paved
- Zoning: R3
Financial Considerations
- Price Per Sq. Ft.: $255.06
- Tax Amount: $29,754.83
- Tax Year: 2024
Disclosures and Reports
- Restrictions: No Smoking
- Lot Number: 15
Listed by The Aland Realty Group, Mike Giannone
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Listed by The Aland Realty Group, Mike Giannone
Listing agent
— 187 355-357 489 Merrimack & Pine St —
Mike Giannone
The Aland Realty Group
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 187 355-357 489 Merrimack & Pine St
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187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104 (MLS# 5089701) is a Multi-Family property with 19 units containing 0 bedrooms and 0 full bathrooms. 187,355-357,489 Merrimack, & Pine Street is currently listed for $3,129,900 and was received on May 19, 2026. Want to learn more about 187,355-357,489 Merrimack, & Pine Street? Do you have questions about finding other Multi-Family real estate for sale in Manchester? You can browse all Manchester real estate or contact a Coldwell Banker agent to request more information.