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$763,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 0.15 Acres
  • 1 Car Garage
See This Home
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Back on the Market! Buyer's financing fell through. This centrally located three-family property in the heart of Manchester presents a prime opportunity for both owner-occupants and investors. Multi-family properties like this are an excellent strategy for those looking to build equity and generate steady income. Each of the three expansive units spans over 1,700 sq. ft., featuring an identical, spacious floor plan with four bedrooms, one bathroom, a fully equipped kitchen, and a dedicated laundry room complete with washer and dryer. All units have been meticulously updated within the past three years, ensuring a modern and well-maintained interior for tenants. Currently, each unit is leased with tenants covering all utilities, including heat, hot water, and electricity. This property has a solid rental history, delivering reliable cash flow, and is fully compliant with current market demands. Photographs were taken post-renovation and before tenant occupancy, capturing the quality and condition of the units. A quick closing is possible, making this property an ideal acquisition for buyers seeking a seamless investment in a desirable, high-demand area. Please note a minimum of 24 hours notice is required for showing.

Full Property Details for 359 Lake Ave

General

  • Sold For: $763,000
  • Taxes: $8,811 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5021768
  • Added to Site: 466 day(s) ago

Rental Information

  • Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual,

Interior

  • Flooring: Carpet, Hardwood

Exterior

  • Color: White

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking: Off Street, On Street

Location

  • County: Hillsborough

School Information

  • School District: Manchester Sch Dst SAU #37
  • Elementary School: McDonough School
  • Middle School: Hillside Middle School
  • High School: Central High School

Heating & Cooling

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

Utilities

  • Sewer: Public
  • Trash: Curbside, Municipal
  • Separate Meters: Yes
  • # Electric Meters: 4

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Walkout
  • Basement Desc.: Full, Storage Space, Unfinished, Walkout
  • Roof: Flat, Rolled
  • Stories/Levels: 3
  • Finished Total: 5,322 Sq. Ft.
  • Finished Above Grnd: 5,322 Sq. Ft.
  • Year Built: 1905

Unit Information

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

Unit 1

  • Square Feet: 1774
  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 2

  • Square Feet: 1774
  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 3

  • Square Feet: 1774
  • Level: 3
  • Total Bathrooms: 1
  • Bedrooms: 4

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,534
  • Frontage: TBD
  • Driveway/Sidewalk: Paved
  • Zoning: Residential-Multi

Financial Considerations

  • Price Per Sq. Ft.: $150.32
  • Assessment Year: 2022
  • Assessment Amount: $476,200
  • Tax Amount: $8,811.39
  • Tax Year: 2024

Disclosures and Reports

  • Block: 9
  • Lot Number: /

Listed by Keller Williams Realty Metro-Concord, Bobbie Gaudette
Sold by BHHS Verani Londonderry, Sean. Delisle

Listed by Keller Williams Realty Metro-Concord, Bobbie Gaudette
Sold by BHHS Verani Londonderry, Sean. Delisle

Listing agent

— 359 Lake Ave —

  • Bobbie Gaudette

    Keller Williams Realty Metro-Concord

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 359 Lake Ave

School District:Manchester School District
NameGradesDistance
Henry Wilson Elementary School
555 Cedar Street, Manchester, NH 03103
K-50.2 mi
Hillside Middle School
112 Reservoir Avenue, Manchester, NH 03104
6-80.8 mi
Manchester Central High School
535 Beech Street, Manchester, NH 03104
9-120.5 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 359 Lake Ave

Date
Details
Price
Change
Source
3/04/2025
Sold
$763,000
-4.62%
MLS
11/11/2024
Listed
$800,000
—
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 Keller Williams Realty Metro-Concord, Bobbie Gaudette
Sold by BHHS Verani Londonderry, Sean. Delisle

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359-361 Lake Avenue, Manchester, NH 03103 (MLS# 5021768) is a Multi-Family property that was sold at $763,000 on March 04, 2025. Want to learn more about 359-361 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.