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$850,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Units
  • 0.1 Acres
  • Updated 4 days ago
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This six-unit multifamily asset in Manchester, NH offers a fully occupied, low-maintenance investment in a strong urban submarket. This city lot has limited landscaping maintenance and features one paved, off-street parking space per unit behind the building. The five 1-bedroom units have been renovated by the current ownership and have a mix of refinished hardwood and vinyl plank flooring throughout along with new kitchens, appliances, and fixtures. The sole studio unit remains unrenovated but is kept in excellent condition by a long-term resident. Landlord pays for heat, hot water, and water/sewer, while tenants are responsible for their own electric. Other major upgrades during the current ownership include, a full vinyl siding wrap, replacement of natural gas water heater, replacement of front decks, and the upgrade of electrical service and panels to individual 100-amp circuit breakers. Rents are slightly below-market throughout the property with a current gross annual rent projected at $100,800 and a proforma potential of $108,000 as rents are adjusted toward market levels. With all six units fully occupied and rents already near market, this offering presents a stable, turnkey opportunity for an investor seeking a low-management asset with modest, steady upside.

Full Property Details for 406 Belmont St

General

  • Price: $850,000
  • Taxes: $8,559 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5110849
  • Updated: 9/22/2026
  • Added to Site: 5 day(s) ago

Rental Information

  • Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual, Unit4=Annual, Unit5=Month to Month, Unit6=Annual,

Interior

  • Flooring: Hardwood, Tile, Vinyl Plank

Exterior

  • Exterior Features: Deck, Partial Fence , Covered Porch

Parking

  • Parking: Off Street, On-Site

Location

  • County: Hillsborough
  • Condo Project Name: Monthly
  • Driving Directions: From Valley Street, North on Belmont to #406 on left.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas, Oil, Steam
  • Furnaces: 1
  • Water Heaters: 1

Utilities

  • Sewer: Public
  • Separate Meters: Varies
  • # Gas Meters: 2
  • # Electric Meters: 7

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Walk-up
  • Basement Desc.: Unfinished
  • Roof: Membrane
  • Stories/Levels: 3
  • Finished Total: 3,348 Sq. Ft.
  • Finished Above Grnd: 3,348 Sq. Ft.
  • Year Built: 1920

Unit Information

  • 1 Bedroom Units: 6
  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Frontage: TBD
  • Driveway/Sidewalk: Paved
  • Zoning: MX-2

Financial Considerations

  • Price Per Sq. Ft.: $253.88
  • Tax Amount: $8,559.5
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 51

Listed by Downtown Realty, Matthew Lefebvre

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Listed by Downtown Realty, Matthew Lefebvre

Listing agent

— 406 Belmont St —

  • Matthew Lefebvre

    Downtown Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 406 Belmont St

School District:Manchester School District
NameGradesDistance
Beech Street School
333 Beech Street, Manchester, NH 03103
K-50.5 mi
Hillside Middle School
112 Reservoir Avenue, Manchester, NH 03104
6-80.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 Belmont St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/21/2026
Listed
$850,000
198.25%
MLS
3/31/2017
Sold
$285,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 406 Belmont St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,280
4%
$422,900
—
2023
$7,976
3%
$422,900
—
2022
$7,714
3%
$422,900
—
2021
$7,477
25%
$422,900
74%
2020
$5,990
1%
$242,900
—
2019
$5,907
3%
$242,900
—
2018
$5,752
2%
$242,900
—
2017
$5,664
1%
$242,900
—
2016
$5,621
-1%
$242,900
—
2015
$5,677
—
$242,200
—
2014
$5,692
4%
$242,200
—
2013
$5,491
—
$242,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Downtown Realty, Matthew Lefebvre

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406 Belmont Street, Manchester, NH 03103 (MLS# 5110849) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 406 Belmont Street is currently listed for $850,000 and was received on September 21, 2026. Want to learn more about 406 Belmont 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.

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