Great opportunity for investment or location to run your business with rental income offsetting your costs. Mixed Use building sited on 10,000 sf lot offering ample off street parking, lighted sign with LED panels to advertise your business or sell ad space with approximately 24,000 vehicles per day. Projected gross income of $67,000 (including office space, now vacant) with expenses of $12,833 and offering a cap rate over 9%! FHA/gas heat on 1st & 2nd floor, newer space heater on 3rd floor. Mini split system in 1st floor office space. Numerous options for allowed businesses. Buyer to verify specific uses with City.
Sold for $575,000 on 06/01/23
$575,000
649 2nd St, Manchester, NH 03102
--beds
0baths
2,819sqft
MultiFamily
Built in 1894
-- sqft lot
$-- Zestimate®
$204/sqft
$2,068 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,068/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- None
Features
- Basement: Yes
Interior area
- Total interior livable area: 2,819 sqft
Property
Features
- Exterior features: Vinyl
Lot
- Size: 10,019 sqft
Details
- Parcel number: MNCHM0333B000L0003
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Other
Condition
- Year built: 1894
Utilities & green energy
- Electric: Circuit Breaker(s)
- Sewer: Public
- Utilities for property: Gas - Underground
Community & neighborhood
Location
- Region: Manchester
Other
Other facts
- Basement Description: Full, Unfinished
- Construction: Wood Frame
- Driveway: Paved
- Electric: Circuit Breaker(s)
- Foundation: Block, Brick, Poured Concrete
- Heat Fuel: Gas - Natural
- Roads: Public
- Sewer: Public
- Water: Public
- Water Heater: Gas - Natural
- Surveyed: Unknown
- Basement: Yes
- Road Frontage: TBD
- Construction Status: Existing
- Heating: Hot Air
- Flood Zone: Unknown
- Roof: Other
- SqFt-Apx Fin AG Source: Municipal
- Separate Utilities: Yes
- Total Stories: 3
- Parking: Parking Spaces 11 - 20
- Zillow Group: Yes
- SqFt-Apx Unfn BG Source: Municipal
- Basement Access Type: Interior
- Exterior: Vinyl Siding
- SqFt-Apx Fin BG Source: Other
- SqFt-Apx Unfn AG Source: Other
- Lot Description: Sidewalks, Major Road Frontage, Neighbor Business
- Style: New Englander
- Utilities: Gas - Underground
- Listing Status: Active
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2023 | Sold | $575,000$204/sqft |
Source: Public Record | ||
| 5/1/2023 | Pending sale | $575,000$204/sqft |
Source:  Berkshire Hathaway HomeServices Verani Realty #4950197 | ||
| 4/27/2023 | Listed for sale | $575,000+106.8%$204/sqft |
Source:  PrimeMLS #4950197 | ||
| 5/27/2020 | Sold | $278,000-2.5%$99/sqft |
Source: Public Record | ||
| 2/24/2020 | Pending sale | $285,000$101/sqft |
Source: Berkshire Hathaway HomeServices Verani Realty #4793207 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,788 +3.8% | $295,600 |
| 2023 | $5,575 +3.4% | $295,600 |
| 2022 | $5,392 +3.2% | $295,600 |
Find assessor info on the county website
Neighborhood: Wolfe Park
Nearby schools
GreatSchools rating
- 4/10Parker-Varney SchoolGrades: PK-4Distance: 0.4 mi
- 2/10Middle School At ParksideGrades: 5-8Distance: 1.1 mi
- 1/10Manchester West High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Parker-Varney Elementary Sch
- Middle: Parkside Middle School
- High: Manchester West High School
- District: Manchester Sch Dst SAU #37
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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