For Sale
$2,135,000

81 Ashland St Manchester, NH 03104

11-Unit Apartment Building, Fully Leased

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents an 11-unit, fully leased apartment building in Manchester, New Hampshire. Located at 81 Ashland St, 03104, this three-story building boasts 15,276 square feet on a 0.612-acre corner lot. Each of the eleven units offers two bedrooms and one bathroom, averaging over 900 square feet, and features hardwood floors, updated bathrooms, and updated windows. Ten off-street parking spaces are provided at no charge to tenants. The property includes separate utilities for each unit, security cameras, and a recently renovated roof (completed four years ago). Conveniently situated near McDonough School, Bridge Street, Derryfield Park, and various restaurants and retail shops, this property offers easy access to Route 93. A significant value-add opportunity exists with the potential to create a 12th unit, currently unusable due to a past fire. The property is zoned R-2 and is an ideal candidate for a 1031 exchange. The asking price is $2,135,000.

Highlights

  • 11 fully leased units with individual utility meters.
  • 10 off-street parking spaces, currently free to tenants.
  • Eleven 2-bedroom, 1-bathroom units, averaging over 900 square feet.
  • New roof installed four years ago.
  • Property equipped with security cameras.
  • Potential for a 12th unit (currently unusable due to prior fire damage).

Property Details for 81 Ashland St

Property type
Apartment buildings
Square Feet
15,276 SF
Year Built
1900
Buildings
1
Stories
3
Lot Size (sq. ft)
26,659 SF
Units
11

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.9944021
Longitude
-71.448414

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FAQs

What type of property is this?
Apartment building - 11-Unit Apartment Building, Fully Leased
Where is the apartment building located?
The property is located at 81 Ashland St Manchester, NH.
What is the asking price?
The asking price for this property is $2,135,000.
What are key features of this property?
This property features: 11 fully leased units with individual utility meters.; 10 off-street parking spaces, currently free to tenants.; Eleven 2-bedroom, 1-bathroom units, averaging over 900 square feet.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Douglas Martin
Douglas Martin
Visit Broker Website

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Ashland St
Manchester, NH 03104

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Ashland St
Manchester, NH 03104

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

81 Ashland St
  • Douglas Martin
    Douglas Martin
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