305-309 Cedar Street, Manchester, NH 03103

Manchester
Local realty services provided by:ERA Key Realty Services
305-309 Cedar Street,Manchester, NH 03103
$1,795,000
  • - Beds
  • 9 Baths
  • 7,356 sq. ft.
  • Multi-family
  • Active
Listed by: nick gray
Office: gray property group, llc.603-637-4812
MLS#:5105141
Source:PrimeMLS

Price summary

  • Price:$1,795,000
  • Price per sq. ft.:$171.64

About this home

Excellent 9-unit multifamily investment opportunity in Manchester consisting entirely of spacious 2- and 3-bedroom apartments. The property generates strong rental income, with current rents averaging approximately $1,900/month for 2-bedroom units and $2,500/month for 3-bedroom units. Several units have recently been turned with modest updates, providing a clean, attractive product while maintaining an opportunity for a new owner to continue improving the property and increasing rents over time. The landlord pays for natural gas heat, hot water, and water/sewer. The property is heated by a natural gas boiler, which also provides hot water to three units, while the remaining six units are served by three electric water heaters. Tenants are responsible for their own electricity. The property offers approximately five off-street parking spaces, with additional street parking available in the surrounding neighborhood. Pro forma rents are approximately $229K/year, with pro forma NOI of...

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Home facts

  • Year built:1910
  • Listing ID #:5105141
  • Added:1 day(s) ago
  • Updated:August 15, 2026 at 10:42 AM

Rooms and interior

  • Total bathrooms:9
  • Full bathrooms:9
  • Basement Description:Unfinished, Walk-up
  • Living area:7,356 sq. ft.

Structure and exterior

  • Roof:Flat, Tar and Gravel
  • Year built:1910
  • Building area:7,356 sq. ft.
  • Lot area:0.11 Acres
  • Levels:3 Story

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$1,795,000
  • Price per sq. ft.:$171.64
  • Tax amount:$16,692 (2025)

Parking

  • Parking description:Paved Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated August 15, 2026

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