463 Lake Avenue, Manchester, NH 03103
Local realty services provided by:ERA Key Realty Services
463 Lake Avenue,Manchester, NH 03103
$515,000
- 4 Beds
- 2 Baths
- 2,028 sq. ft.
- Multi-family
- Active
Listed by: nick gray
Office: gray property group, llc.603-637-4812
MLS#:5108239
Source:PrimeMLS
Price summary
- Price:$515,000
- Price per sq. ft.:$162.77
About this home
Turnkey duplex in Manchester’s Hanover Hill neighborhood, offering two well-maintained 2-bedroom, 1-bathroom units with functional layouts, stainless steel appliances, and durable vinyl plank flooring. Both units feature washer/dryer hookups, separate electric water heaters, and independent natural gas boilers. Tenants are responsible for heat, hot water, and electricity, while the landlord pays public water and sewer. The property is conveniently located with easy access to Downtown Manchester and Elm Street, the South Willow Street commercial district, and Elliot Hospital. Downtown’s restaurants, shops, and entertainment are just minutes away, while the South Willow Street corridor provides convenient access to a wide variety of retail, dining, and everyday amenities. Elliot Hospital is less than a mile from the property, adding further appeal for healthcare professionals and hospital employees. The current owner has taken excellent care of the property, which features a 1-year-old roof, vinyl windows, and a clean, dry basement. A paved driveway and side parking area provide off-street parking for at least two vehicles, with the potential for up to four vehicles with tandem parking. The property is intentionally being marketed vacant, providing an owner-occupant or investor with the opportunity to take immediate possession and select their own tenants. The units were most recently rented for $1,875/month on the first floor and $1,850/month on the second floor. Pro forma financials reflect ~$45,000 in annual gross revenue and ~$29,000 in net income after operating expenses. Whether you are looking to expand your portfolio or owner-occupy, 463 Lake Avenue offers a rare turnkey opportunity in a convenient location. With proximity to Downtown, the South Willow commercial district, and Elliot Hospital, combined with a well-maintained property and established rental history, this duplex is ready for its next owner. Delayed showings will begin on September 11....
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Home facts
- Year built:1880
- Listing ID #:5108239
- Added:3 day(s) ago
- Updated:September 07, 2026 at 07:48 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Vinyl Plank
- Basement Description:Unfinished, Walk-up
- Living area:2,028 sq. ft.
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1880
- Building area:2,028 sq. ft.
- Lot area:0.07 Acres
- Levels:2 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$515,000
- Price per sq. ft.:$162.77
- Tax amount:$6,102 (2025)
Parking
- Parking description:Paved Driveway
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