List Price: $1,250,000 | $261 per sq.ft. Multi Family A 15 Unit Multi Family Home
With 15 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Monday Mar 3, 2025 | MLS# 5031146
With 15 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Monday Mar 3, 2025 | MLS# 5031146
151 Pearl Street Manchester NH
Listed by Richard Dumont Century 21 Dumont and Assoc.
Listed by Richard Dumont Century 21 Dumont and Assoc.
Established 15 unit rooming house covering 3 generations. Well maintained throughout including new roof in 2018, FHW natural gas heat updated within 8 yrs. , common hallways painted in 2023, new Thermopane windows within 5 years, new kitchen floor including subfloor in 2021, new GE refrigerator and Range, several updated rooms, exterior painted in 2018. Communal kitchen, 4 bathrooms, 1st floor laundry. Paved parking with 2 separate driveways. 2024 Tax Return showed $127,560 gross rent. With current rents projected rent could exceed $180K. Total expenses: $30K. Rarely a vacancy here in much sought after congregate living housing that fits an important affordable housing niche in Manchester. Corner lot with nearby shopping and public transportation.
Operating Expenses : Heat,Insurance,Maintenance,Other,Utilities,Water/Sewer
Annual Expenses
Taxes: $7,248
Taxes: $7,248
Income
Gross Income | $182,000
NetIncome | $152,356
Gross Income | $182,000
NetIncome | $152,356
Appliances : Water Heater – Gas
Construction: Clapboard Exterior
Year Built: 1890
Style: Victorian
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7173
Above Grade Sq.Ft.: 4782
Basement: Full
Foundation size 67x40 Irregular.
Foundation: Granite
Year Built: 1890
Style: Victorian
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7173
Above Grade Sq.Ft.: 4782
Basement: Full
Foundation size 67x40 Irregular.
Foundation: Granite
Exterior Features:
Windows - Double Pane
Exterior Color: Gray
Roof: Shingle - Asphalt
Garage And Parking: On-Site | Parking Spaces 1 - 10 | Paved
Seasonal: No
Windows - Double Pane
Exterior Color: Gray
Roof: Shingle - Asphalt
Garage And Parking: On-Site | Parking Spaces 1 - 10 | Paved
Seasonal: No
Heating: Hot Water
Cooling: Individual
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Other
Electric Meters: 2
Gas_Meters: 1
Water: Public
Sewer: Public
Cooling: Individual
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Other
Electric Meters: 2
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
Corner | Curbing | Level | In Town
Lot size: 0.22 acres
Zoned: R-3)
Surveyed: No
Flood Zone: No
Road Frontage: 130
Driveway: Paved
Corner | Curbing | Level | In Town
Lot size: 0.22 acres
Zoned: R-3)
Surveyed: No
Flood Zone: No
Road Frontage: 130
Driveway: Paved
Docs Available : Certificate of Compliance | Deed | Tax Map
Easement - Unknown
ROW Length: 73
ROW Width: 130
Block - 0
Taxes $7,248
Assesed Value Not Reported
Schools
School District: Manchester School District
Elementary School: McDonough School
Middle School: Hillside Middle School
High School: Central High School
School District: Manchester School District
Elementary School: McDonough School
Middle School: Hillside Middle School
High School: Central High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM