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603-860-0758
W Sgman Real Estate
498 Merrimack St, Manchester, NH 03103
- $439,500
- 2,560
- SqFt
Listing courtesy of Kathy Sutherland from Keller Williams Realty Metro-Londonderry. ()
- List Price
- $439,500
- Status
- ACTIVE
- MLS#
- 5114001
- Living Area
- 2,560
- Lot Size
- 3,049
- Acres
- 0.07
- Year Built
- 1900
Property Description
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. See the photos of the virtually staged/updated rooms highlighting the amazing potential this home has! 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.
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Additional Information
- Taxes
- $6,131
- Listing Agent
- Kathy Sutherland
- Listing Office
- Keller Williams Realty Metro-Londonderry
- Style
- Multi-Family
- School District
- Manchester Sch Dst SAU #37
- Elementary School
- McDonough School
- Middle School
- Hillside Middle School
- High School
- Manchester Central High Sch
- Electric
- Circuit Breakers
- Utilities
- Gas On-Site
- Basement
- Full, Interior Stairs, Storage Space, Unfinished, Interior Entry
- Foundation
- Granite, Stone
- Sewer
- Public Sewer
- Roof
- Flat, Tar/Gravel
- Zoning
- res
- Water
- Public
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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 .