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Listed by Kathy Sutherland with Keller Williams Realty Metro-Londonderry 603-232-8282
6 Beds
2 Baths
2,560 sqft

$439,500

498 Merrimack Street, Manchester NH, 03103

Price per sqft$171.68
Built in1900
Property size2,560 sqft
Property typeMulti-family

Overview

Active

Listed Oct 13, 2026

Updated 1h ago

Two spacious units, multiple potential tenant pools, and plenty of opportunity to add value make this Manchester multi family the one investors will want to take a closer look at! Each unit offers approximately 1,280 sq. ft. with 2 to 3 bedrooms, separate entrances and separate utilities, providing flexibility for investors, owner occupants, or multigenerational living. Each unit, per the city, has two bedrooms, but the third spacious room could be used as a third sleeping area, home office, flex space, etc. The basement offers an abundance of additional storage for both units. Situated on a corner lot, there may also be potential to add another driveway for additional off street parking, subject to city approval. All but two windows were replaced in 2018. With some fresh paint and carpeting, this property offers an opportunity to make simple improvements while adding your own finishing touches. The location adds another layer of investment potential. Elliot Hospital is less than five minutes away, making the property an attractive option for traveling nurses and other healthcare professionals. Elm Street's dining, nightlife, and downtown amenities are approximately 10 minutes away, while UNH Manchester, Saint Anselm College, SNHU, Manchester Community College, and Franklin Pierce University contribute to a diverse potential tenant pool of students, faculty, and staff. Looking beyond a traditional rental? The size and layout could also make this a fantastic multigenerational option. Generous unit sizes, a convenient location, value-add potential, and an amazing price create an opportunity that's hard to ignore. Whether you're expanding your portfolio, purchasing your first multifamily, or looking for a property where you can live in one unit and rent the other, this one is worth a closer look. Seller will provide a new Certificate of Compliance (COC) at closing.

$2,924/mo

Est. mortgage payment based on a $439,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5114001

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$6,131
Tax Frequency
Annually
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Listed by Kathy Sutherland with Keller Williams Realty Metro-Londonderry 603-232-8282

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