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Listed by Mark Lynch • RE/MAX Synergy • Cell: 603-233-7744
$649,900
Est. payment /mo
5 Beds
3 Baths
3,307 SqFt
New
190 Ray ST Manchester, NH 03104
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,307 sqft
Price per Sqft $196
MLS Listing ID 5100708
Bedrooms 5
Full Baths 3
Construction Status Existing
Year Built 1870
Annual Tax Amount $8,065
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Opportunity knocks with this well-maintained three-family property located in Manchester's desirable North End, offering the perfect blend of immediate cash flow and long-term investment potential. Featuring two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all three apartments are currently occupied with month-to-month leases, providing flexibility for investors or owner-occupants alike. Current rental income totals $5,400 per month ($64,800 annually), with separate utilities allowing tenants to pay their own heat, hot water, and electricity. Built in 1870 with classic Colonial charm, the property offers over 3,300 square feet of finished living space and features hardwood, laminate, and carpet flooring, public water and sewer, natural gas and oil heat, plus off-street parking. Conveniently located just minutes from downtown Manchester, schools, hospitals, shopping, restaurants, and major commuter routes, this is an ideal addition to any investment portfolio or a fantastic opportunity to offset your mortgage with rental income. Whether you're looking to expand your portfolio or purchase your first multi-family property, 190 Ray Street delivers strong income, an excellent location, and tremendous upside. Don't miss your chance to own this solid North End investment.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Res
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Partially Finished, Walkout
Interior
Cooling Wall AC Units
Flooring Carpet, Hardwood, Laminate
Exterior
Utilities Available Cable
Waterfront Description No
View Y/N No
View No
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Colonial
Construction Status Existing
Nearby Locations
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