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$580,000
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Property Description
Don't miss this killer investment opportunity in the heart of downtown Manchester! This stabilized 3-family property boasts three spacious 3-bedroom, 1-bathroom units. With two units already rented and tenants covering their own heat, electric, and hot water, it's a super low-hassle investment for you. The property pulled in a solid gross income of $53,600 last year, with expenses at $10,122, giving you an estimated net income of $43,478 per year. Plus, there's still room to bump up rents to market rates, offering even more potential for growth. The third-floor unit is vacant and has been recently updated, making it the perfect house hack. Live in the freshly renovated unit and let the rental income from the other two units help pay your mortgage! This is another fantastic chance to get into the Manchester multi-family game at a great price. This property offers steady income, potential for rent increases, a prime downtown location, and significant value add potential. Schedule your showing today to get a look for yourself.
Full Property Details
Full Property Details for 201 Auburn St
General
- Sold For: $580,000
- Taxes: $6,742 (2023)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5008298
- Added to Site: 533 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual,
Parking
- Garage: Yes
- Garage Spaces: 4
Location
- County: Hillsborough
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, Forced Air
- Heating Fuel: Electric, Gas - Natural
Utilities
- Sewer: Public
- Separate Meters: Yes
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Full
- Roof: Shingle - Asphalt
- Stories/Levels: 3
- Finished Total: 3,300 Sq. Ft.
- Finished Above Grnd: 3,300 Sq. Ft.
- Year Built: 1900
Unit Information
- 3 Bedroom Units: 3
Unit 1
- Square Feet: 1200
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Square Feet: 1200
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Square Feet: 900
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Frontage: Yes Road Frontage
- Frontage Feet: 50
- Street/Road Desc.: Public
- Driveway/Sidewalk: None
- Zoning: Residential
Financial Considerations
- Price Per Sq. Ft.: $171.21
- Tax Amount: $6,742
- Tax Year: 2023
Disclosures and Reports
- Lot Number: 44
Listed by REAL Broker NH, LLC, Breandan Garland
Sold by Elevated Property Solutions LLC, Justin. Waitt
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Schools
Schools serving 201 Auburn St
School District:Manchester School District
| Name | Grades | Distance |
|---|---|---|
Beech Street School 333 Beech Street, Manchester, NH 03103 | K-5 | 0.2 mi |
Henry J. Mclaughlin Middle School 201 Jack Lovering Drive, Manchester, NH 03109 | 6-8 | 2.5 mi |
Manchester Central High School 535 Beech Street, Manchester, NH 03104 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 201 Auburn St
Date
Details
Price
Change
Source
9/25/2024
Sold
$580,000
2.65%
MLS
8/05/2024
Listed
$565,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
201 Auburn Street, Manchester, NH 03103 (MLS# 5008298) is a Multi-Family property that was sold at $580,000 on September 25, 2024. Want to learn more about 201 Auburn 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.

