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$1,075,000
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Property Description
Exceptional, 5-unit multifamily property located on Manchester's desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit, and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10,300/month (approximately $123,600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100,000/year in Net Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.
Full Property Details
Full Property Details for 494 Wilson St
General
- Price: $1,075,000
- Taxes: $11,425 (2025)
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5106468
- Updated: 9/25/2026
- Added to Site: 49 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual, Unit5=Annual,
Location
- County: Hillsborough
- Condo Project Name: Monthly
- Driving Directions: Head north on 93 or US-3. Take I-93 North toward Manchester, merge onto NH-101 West via Exit 6 toward Goffstown/Manchester, then take the 293 N/US-3 North. Continue on I-293, take Exit 4 for Queen City Avenue, turn right onto Queen City Bridge, follow it as it becomes Valley and LF on Wilson.
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Baseboard
Utilities
- Sewer: Public
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Walk-up
- Basement Desc.: Dirt
- Roof: Membrane, Rolled
- Stories/Levels: 2.5
- Finished Total: 5,884 Sq. Ft.
- Finished Above Grnd: 5,884 Sq. Ft.
- Year Built: 1883
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
- 3 Bedroom Units: 3
Unit 1
- Level: 492-1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Level: 494-1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Level: 494-2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Level: 494-3
- Total Bathrooms: 2
- Bedrooms: 4
Unit 5
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Frontage: TBD
- Driveway/Sidewalk: None
- Zoning: RES 4-8UNIT MDL-03
Financial Considerations
- Price Per Sq. Ft.: $182.7
- Tax Amount: $11,425
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 17
Listed by EXP Realty, AJ Pappas
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Schools
Schools serving 494 Wilson St
School District:Manchester School District
| Name | Grades | Distance |
|---|---|---|
Mcdonough School 550 Lowell Street, Manchester, NH 03104 | K-5 | 0.6 mi |
Hillside Middle School 112 Reservoir Avenue, Manchester, NH 03104 | 6-8 | 0.7 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 494 Wilson St
Date
Details
Price
Change
Source
9/25/2026
Price Reduced
$1,075,000
-2.27%
MLS
8/24/2026
Listed
$1,100,000
17.65%
MLS
11/01/2024
Sold
$935,000
—
Public Record
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
Tax History for 494 Wilson St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,871
4%
$555,200
—
2023
$10,471
3%
$555,200
—
2022
$10,127
3%
$555,200
—
2021
$9,816
31%
$555,200
83%
2020
$7,492
1%
$303,800
—
2019
$7,388
3%
$303,800
—
2018
$7,194
2%
$303,800
—
2017
$7,085
1%
$303,800
—
2016
$7,030
7%
$303,800
9%
2015
$6,559
—
$279,800
—
2014
$6,575
4%
$279,800
—
2013
$6,343
—
$279,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 494 Wilson St
494 Wilson Street, Manchester, NH 03103 (MLS# 5106468) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 494 Wilson Street is currently listed for $1,075,000 and was received on August 24, 2026. Want to learn more about 494 Wilson 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.

