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501 Manchester St - 2 Family in Hanover Hill Neighborhood 2 Unit Apartment Building Offered at $599,000 Manchester, NH 03103



Executive Summary
RARE FIND in Manchester's Hanover Hill neighborhood. An exceptionally well-maintained two-family offering large units, strong in-place income, and standout curb appeal with classic Victorian charm. The property features a spacious 3BR/1BA first-floor unit and a beautifully updated 3BR/2BA second-floor unit. Inside you’ll find real hardwood floors, tall ceilings, bright natural light, and a great blend of original character with modern improvements. The upper unit has been fully renovated, including fresh paint, new flooring, an updated kitchen with granite countertops, new cabinetry, and new appliances, plus recessed LED lighting added in the living room and kitchen. Additional updates include a new half roof (2020), new hot water heaters, appliances under 3 years old in both units, and a new composite rear deck. Washer and dryer in both units. Current rents: $1,800/month (downstairs) and $2,350/month (upstairs) for $49,800/year in annual in-place income. Both leases expire April 30, offering excellent flexibility for an owner-occupant or investor.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$7,493
|
$1.82
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,493
|
$1.82
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $7,493 |
| Annual Per SF | $1.82 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,493 |
| Annual Per SF | $1.82 |
Property Facts
| Price | $599,000 | Lot Size | 0.18 AC |
| Price Per Unit | $299,500 | Building Size | 4,122 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1895 |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price | $599,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.18 AC |
| Building Size | 4,122 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1895 |
| Zoning | R2 |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | MNCH-000120-000000-000004 | Total Assessment | $370,200 (2024) |
| Land Assessment | $90,300 (2024) | Annual Taxes | $7,493 ($1.82/SF) |
| Improvements Assessment | $279,900 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
MNCH-000120-000000-000004
Land Assessment
$90,300 (2024)
Improvements Assessment
$279,900 (2024)
Total Assessment
$370,200 (2024)
Annual Taxes
$7,493 ($1.82/SF)
Tax Year
2025
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501 Manchester St - 2 Family in Hanover Hill Neighborhood
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