366 Kelley ST new Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03102
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
Year Built 1940
Annual Tax Amount $6,846
Tax Year 2024
Lot Size 5,227 Sqft
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
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
Schools
Elementary Schools Northwest Elementary School
Middle Schools Parkside Middle School
High Schools Manchester West High School
School District Manchester Sch Dst Sau #37