266 Douglas Street

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266 Douglas Street

Manchester, NH 03102
Asking Price
$559K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase at 266 Douglas Street.
  • Asking price for this Manchester residential asset is $559,000.
  • Upgraded Rinnai wall heaters installed throughout the property interior.
  • Efficient hot water systems recently integrated into the building infrastructure.
  • Strategic layout supports potential for either investment or owner-occupant use.
  • Located within a growing residential corridor in the city of Manchester.

What's Special

Priced at $559,000, this multifamily apartment building located at 266 Douglas Street presents a tactical acquisition for investors or owner-occupants in Manchester. The property includes recent capital improvements such as new Rinnai wall heaters and updated hot water heaters, contributing to the asset's overall operational efficiency. Its configuration offers prospective buyers the chance to realize upside potential within a stable residential submarket. Manchester continues to serve as a key economic hub in New Hampshire, benefiting from its proximity to major transit corridors and a consistent demand for housing. The site is well-positioned for those seeking to expand a rental portfolio or acquire a multi-unit property suitable for an owner-occupant arrangement. The local rental market remains supported by the city's diverse employment base and its role as a regional center for education and professional services.

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NOI
$80,000
Cap Rate
14.31%
DSCR
2.41
Strong
Cash-on-Cash
27.91%
Monthly Payment
$2,765.627
Annual Cash Flow
$46,812.476

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