575 Summer Street, Manchester, NH 03103
Local realty services provided by:CENTURY 21 McLennan & Company
575 Summer Street,Manchester, NH 03103
$825,000
- 7 Beds
- 4 Baths
- 4,320 sq. ft.
- Multi-family
- Active
Listed by: nikki kalantzis
Office: realty one group next level888-888-7653
MLS#:5093367
Source:PrimeMLS
Price summary
- Price:$825,000
- Price per sq. ft.:$143.48
About this home
Exceptional investment opportunity with strong cash-flow potential! This well-maintained 4-unit multifamily property offers over 4,300 square feet of rentable living space and features an attractive unit mix of two spacious 3-bedroom units and two 1-bedroom units. Designed for efficiency and investor-friendly ownership, all utilities are separately metered, with tenants responsible for their own utility expenses, significantly reducing owner overhead and maximizing net operating income. The property is serviced by natural gas, includes off-street parking, and offers added tenant convenience with washer/dryer hookups in both 3-bedroom units, plus additional laundry hookups in the basement, creating the potential for supplemental income through a shared laundry area. One of the most compelling features is the opportunity for future revenue growth. Three of the four units are currently occupied on month-to-month leases, providing flexibility for an investor to adjust rents to market rates and optimize cash flow. The property has been cared for by long-term, reliable tenants who pay on time and take pride in maintaining their homes, helping to preserve the condition of the building while providing stable income. Whether you're looking to expand your portfolio, execute a value-add strategy, or secure a turnkey asset with upside potential, this property checks all the boxes. With strong fundamentals, low operating expenses, separate utilities, and significant room to increase income, this is a rare chance to acquire a multifamily asset with both immediate cash flow and long-term appreciation potential. Don't miss the opportunity to unlock the full earning power of this investment property. Group showings Tuesdays 6 at 6pm, Thursdays at 12pm and Saturdays at 1pm by APPOINTMENT ONLY!...
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Home facts
- Year built:1920
- Listing ID #:5093367
- Added:100 day(s) ago
- Updated:September 17, 2026 at 10:33 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood
- Basement Description:Interior, Unfinished
- Living area:4,320 sq. ft.
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:4,320 sq. ft.
- Lot area:0.12 Acres
- Levels:3 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$143.48
- Tax amount:$9,537 (2024)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Paved Driveway
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