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Jill & Co. Realty Group

[email protected] +1(603) 893-7430

Listed by Moe Archambault • Moe Marketing Realty Group

$ 699,900

Est. payment -/mo

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383 Concord ST Manchester, NH 03104

8 Beds

3 Baths

3,739 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,739 sqft

Price per Sqft $187

MLS Listing ID 5067696

Bedrooms 8

Full Baths 3

Construction Status Existing

Year Built 1890

Annual Tax Amount $7,996

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Description

**Group showings only; Thursday 4-5 PM and Saturday 1-2 PM** This spacious and solid three-family home is professionally managed and fully rented, producing $65,000 a year. All three units were fully renovated in 2021, featuring new kitchens, updated appliances, modern flooring, fresh paint, and more. Each unit includes its own washer and dryer. Recent upgrades include new Rinnai heaters in Units 1 and 2, a complete electrical upgrade and new subpanel in Unit 2, and a new roof installed in 2024. Tenants are responsible for their own gas and electric utilities, keeping operating costs low. Additional highlights include private decks for Units 1 and 2 and parking for three cars. An attached vacant fourth, one bedroom unit, at the rear of the property presents an opportunity for additional rental income. Currently zoned R-2, this lot will soon fall under the new MX-1 (Mixed Use Neighborhood) zoning district. When approved in December, the new zoning will expand development options to include up to a 4-unit multifamily residence. With the creation of one additional parking space, this unit could be made rentable, enhancing the property's cash flow. This is a turnkey, income-producing investment property offering strong cash flow and minimal maintenance needs. Agent interest.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning R2; soon to be MX-1

Rooms

Basement Entrance Interior

Basement Concrete Floor, Dirt Floor, Full

Interior

Cooling None

Flooring Carpet, Ceramic Tile, Hardwood, Vinyl, Vinyl Plank

Exterior

Utilities Available Cable, Gas On-Site, Underground Gas

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style Multi-Family, New Englander

Construction Status Existing

Schools

Elementary Schools Mcdonough School

Middle Schools Hillside Middle School

High Schools Manchester Central High Sch

School District Manchester School District

Jill & Co. Realty Group

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+1(603) 893-7430

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Salem, NH

Jill & Co. Realty Group

383 Concord ST Manchester, NH 03104

Key Details

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383 Concord ST