Homes for sale - 366 Kelley ST, Manchester, NH 03102

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Matt Quinlan

qrealtorma@gmail.com +1(978) 827-8268

Listed by Chelsea Leveille • Keller Williams Realty-Metropolitan

$725,000

Est. payment - /mo

5 Beds

3 Baths

3,992 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,992 sqft

Price per Sqft $181

MLS Listing ID 5049069

Bedrooms 5

Full Baths 3

Construction Status Existing

Year Built 1940

Annual Tax Amount $6,846

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Description

Fantastic Investment Opportunity – Fully Rented 4-Unit Mixed-Use Property with Nearly 9% Cap Rate! This exceptional four-unit building is a rare find, offering a strong return with gross annual rent exceeding $76,000 and a cap rate approaching 9%. Perfect for savvy investors looking to expand their portfolio with a fully leased, turn-key asset. The property features three beautifully updated residential units—two 1-bedroom units and one spacious 3-bedroom unit—all in excellent condition. In addition, the building includes a versatile commercial space currently operating as a restaurant-style unit, with the potential to be easily split into two commercial storefronts, as it once was. Extensive upgrades were completed in 2013–2014, including all-new electrical, plumbing, siding, and roofing, ensuring low maintenance for years to come. Other highlights include: • Fully rented with stable income • Excellent condition throughout • Off-street parking for tenants • Located in a high-visibility area with strong rental demand Whether you're looking to generate immediate cash flow or explore future development potential, this property checks all the boxes. Don't miss out on this solid income-producing asset! ALL tenants would love the opportunity to renew lease! GROUP SHOWINGS ONLY beginning SUNDAY June 29 1-2:30 with pre-confirmed attendance only.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Mixed Use/Commercial

Rooms

Basement Entrance Walk-up

Basement Concrete

Interior

Cooling None

Flooring Carpet, Vinyl

Exterior

Garage Description Parking Spaces 5 - 10, Paved

Utilities Available Cable, Gas - On-Site, Phone

Roof Type Rolled

Building

Story 2

Foundation Concrete

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Northwest Elementary School

Middle Schools Parkside Middle School

High Schools Manchester West High School

School District Manchester Sch Dst Sau #37

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Matt Quinlan

+1(978) 827-8268

Broker | License ID: 9518707

Broker License ID: 9518707

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366 Kelley ST Manchester, NH 03102

Matt Quinlan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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