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$800,000
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Property Description
Exceptional investment opportunity with strong cash-flow potential! This well-maintained 4-unit multifamily property offers over 4,300 square feet of rentable living space and features an attractive unit mix of two spacious 3-bedroom units and two 1-bedroom units. Designed for efficiency and investor-friendly ownership, all utilities are separately metered, with tenants responsible for their own utility expenses, significantly reducing owner overhead and maximizing net operating income. The property is serviced by natural gas, includes off-street parking, and offers added tenant convenience with washer/dryer hookups in both 3-bedroom units, plus additional laundry hookups in the basement, creating the potential for supplemental income through a shared laundry area. One of the most compelling features is the opportunity for future revenue growth. Three of the four units are currently occupied on month-to-month leases, providing flexibility for an investor to adjust rents to market rates and optimize cash flow. The property has been cared for by long-term, reliable tenants who pay on time and take pride in maintaining their homes, helping to preserve the condition of the building while providing stable income. Whether you're looking to expand your portfolio, execute a value-add strategy, or secure a turnkey asset with upside potential, this property checks all the boxes. With strong fundamentals, low operating expenses, separate utilities, and significant room to increase income, this is a rare chance to acquire a multifamily asset with both immediate cash flow and long-term appreciation potential. Don't miss the opportunity to unlock the full earning power of this investment property. Group showings Tuesdays 6 at 6pm, Thursdays at 12pm and Saturdays at 1pm by APPOINTMENT ONLY!
Full Property Details
Full Property Details for 575 Summer St
General
- Sold For: $800,000
- Taxes: $9,537 (2024)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5093367
- Added to Site: 120 day(s) ago
Rental Information
- Lease Terms: Unit1=Month to Month, Unit2=Month to Month, Unit3=Month to Month, Unit4=Annual,
Interior
- Flooring: Hardwood, Other
Rooms
Bathrooms
- Total Bathrooms: 3
- 3/4 Bathrooms: 3
Exterior
- Color: Yellow
Location
- County: Hillsborough
School Information
- School District: Manchester School District
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
- Furnaces: 5
- Water Heaters: 4
Utilities
- Sewer: Public
- # Gas Meters: 4
- # Electric Meters: 5
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Unfinished
- Roof: Flat, Other
- Stories/Levels: 3
- Finished Total: 4,320 Sq. Ft.
- Finished Above Grnd: 4,320 Sq. Ft.
- Year Built: 1920
Unit Information
- 1 Bedroom Units: 2
- 3 Bedroom Units: 2
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
Unit 1
- Unit Description: garden
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: garden
- Level: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Level: 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: garden
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Frontage: TBD
- Driveway/Sidewalk: Paved
- Zoning: Residential Multi Family
Financial Considerations
- Price Per Sq. Ft.: $190.97
- Tax Amount: $9,537
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 1
Listed by Realty One Group Next Level, Nikki Kalantzis
Sold by Century 21 Circa 72 Inc., Bianca. Barcelos
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Schools
Schools serving 575 Summer St
School District:Manchester School District
| Name | Grades | Distance |
|---|---|---|
Beech Street School 333 Beech Street, Manchester, NH 03103 | K-5 | 0.3 mi |
Hillside Middle School 112 Reservoir Avenue, Manchester, NH 03104 | 6-8 | 1 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 575 Summer St
Date
Details
Price
Change
Source
9/21/2026
Sold
$800,000
-3.03%
MLS
6/22/2026
Price Reduced
$825,000
-2.94%
MLS
6/08/2026
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
575 Summer Street, Manchester, NH 03103 (MLS# 5093367) is a Multi-Family property that was sold at $800,000 on September 21, 2026. Want to learn more about 575 Summer 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.

