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$645,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 0.12 Acres
See This Home
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Saturday 15th Open House ONLY. Welcome to 221 Lake Ave, a beautifully renovated 3-unit multifamily property in the heart of Manchester, NH. This well-maintained building offers three spacious 3-bedroom, 1-bath units, making it an ideal investment opportunity or a perfect home for an owner-occupant.Unit 1 - Owner Occupant Opportunity: The first-floor unit is vacant and completely renovated, offering a modern living space with fresh finishes throughout. Featuring new flooring, updated kitchen and bathroom, and ample natural light, this unit is ready for you to move in and make it your own. With three generously-sized bedrooms and a full bath, it's the perfect place to call home while enjoying rental income from the other units. Units 2 & 3 - Investment Potential:Both the second and third-floor units are currently rented, providing an excellent opportunity for steady cash flow. These units also offer three bedrooms and one bathroom, with plenty of space for tenants to enjoy. Off Street parking for 6 cars. Showings to start at open house on 2/15 from 1pm-3pm No other showings outside of those times. Agent Interest

Full Property Details for 221 Lake Ave

General

  • Sold For: $645,000
  • Taxes: $6,695 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5029206
  • Added to Site: 373 day(s) ago

Rental Information

  • Lease Terms: Unit2=Annual, Unit3=Annual,

Location

  • County: Hillsborough

School Information

  • School District: Manchester Sch Dst SAU #37
  • Elementary School: Beech Street School
  • Middle School: McLaughlin Middle School
  • High School: Manchester Central High Sch

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas
  • Furnaces: 3
  • Water Heaters: 3

Utilities

  • Sewer: Public
  • # Gas Meters: 3
  • # Electric Meters: 4

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Unfinished
  • Roof: Rolled
  • Stories/Levels: 3
  • Finished Total: 3,428 Sq. Ft.
  • Finished Above Grnd: 3,428 Sq. Ft.
  • Year Built: 1920

Unit Information

  • 3 Bedroom Units: 3
  • Units w/Refrigerators: 3
  • Units w/Range/Oven: 3

Unit 1

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Level: 3
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Frontage: TBD
  • Driveway/Sidewalk: Paved
  • Zoning: R-3

Financial Considerations

  • Price Per Sq. Ft.: $175.03
  • Assessment Year: 2023
  • Assessment Amount: $355,000
  • Tax Amount: $6,695
  • Tax Year: 2023

Disclosures and Reports

  • Block: 7
  • Lot Number: /

Listed by RE/MAX Innovative Properties, Rich Racine
Sold by REAL Broker NH, LLC, Kendall A. Reyes

Listed by RE/MAX Innovative Properties, Rich Racine
Sold by REAL Broker NH, LLC, Kendall A. Reyes

Listing agent

— 221 Lake Ave —

  • Rich Racine

    RE/MAX Innovative Properties

rich@racinerealtyteam.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 221 Lake Ave

School District:Manchester School District
NameGradesDistance
Beech Street School
333 Beech Street, Manchester, NH 03103
K-50.2 mi
Henry J. Mclaughlin Middle School
201 Jack Lovering Drive, Manchester, NH 03109
6-82.6 mi
Manchester Central High School
535 Beech Street, Manchester, NH 03104
9-120.4 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 221 Lake Ave

Date
Details
Price
Change
Source
3/21/2025
Sold
$645,000
7.5%
MLS
2/12/2025
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Innovative Properties, Rich Racine
Sold by REAL Broker NH, LLC, Kendall A. Reyes

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221 Lake Avenue, Manchester, NH 03103 (MLS# 5029206) is a Multi-Family property that was sold at $645,000 on March 21, 2025. Want to learn more about 221 Lake Avenue? 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.