Listed by Chelsea Leveille • Keller Williams Realty-Metropolitan.
Pending
$850,000
Est. $5,499/mo —
8
bd
•
3 ba
•
3,223
sq ft
747 Beech St, Manchester, NH 03104
About this home
Calling all investors and owner occupants looking for a true TURNKEY money maker! 747 Beach Street offers the rare opportunity to own a completely renovated 3 family where the work has already been done! Complete renovation redone down to the studs with a 3rd floor addition, creating a low maintenance investment designed to produce income without inheriting someone else’s deferred maintenance. Offering two spacious 3 bedroom units plus a 2 bedroom unit, each apartment features its own laundry and updated finishes throughout. With projected annual rents of approximately $88,200 and a 9%+ cap rate, the numbers speak for themselves. Plenty of off street parking plus a garage add even more value and convenience for tenants. Whether you’re looking to add a strong performing asset to your portfolio or owner occupy and let the other units help offset your mortgage, this property checks all the boxes. Fresh, updated, income producing and ready to go from day one. Opportunities to purchase a multifamily this extensively renovated don’t come around often!
Multi-familyProperty Type
1920Year Built
6,098 sq ftLot Size
$264Price/Sq.Ft.
1 car garageParking
Listed by Chelsea Leveille• Keller Williams Realty-Metropolitan
Straw-Smyth, located between Elm Street and the Merrimack River, is a historic and residential Manchester neighborhood with brick mill-era streetscapes and pocket green spaces. The neighborhood’s character concentrates around the Elm Street corridor near Bridge Street, where independent cafes, small galleries, and late-night bites keep the sidewalks active. Pillars nearby include the Palace Theatre, the Currier Museum of Art, and the SNHU Arena for concerts and community events. Housing leans toward classic New England multifamily homes and older storefront blocks, with a walkable grid that meets the riverfront. The Merrimack River Trail and Arms Park add a breezy outdoor counterpoint to the downtown blocks. Seasonal festivals and market days around Veterans Park bring a steady civic rhythm.
Provided by Walk Score and Local Logic
Offer insights
747 Beech St · $850,000
$869K and above
75% chance or better to win
Why $869K+ is a strong offer
DAYS ON MARKET
18 days
The average home goes pending in 19 days.
SALE-TO-LIST
100.9%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Walkout unfinished basement
Vinyl plank flooring
Bedrooms
Unit 1: 3 bedrooms (level 1)
Unit 2: 3 bedrooms (level 2)
Unit 3: 2 bedrooms (level 3)
Bathrooms
Three full bathrooms total (one in each unit)
Flooring
Vinyl plank flooring
Heating & cooling
Natural gas heating
No central air conditioning
Exterior features
City lot, level
Paved driveway
Road frontage on a public maintained road (approx. 59 ft)
Home design
Tri-level building
Existing structure
Gray exterior
Parking
1-car garage
Construction
Built in 1920
Wood frame with vinyl siding
Shingle roof
Unfinished basement
Utilities
Public sewer
Public water
Electric with circuit breaker(s)
Gas on-site
Trash service: municipal
Internet: high-speed at site and cable
Electric provider: Eversource
Fuel provider: Liberty Utilities
Financial info
Net income: $84,460 (income property)
Other
Operating expenses include insurance and water/sewer
Documents available: Certificate of Occupancy, Deed, Property Disclosure
Electricity and solar
View estimated energy costs and solar savings for this home
The R-2 district forms a loose band around the densely developed inner city area, representing a transitional district between lower development densities of the single family districts and the maximum densities of the inner city. This district was established to maintain the integrity of existing moderate density neighborhoods that are nearly fully developed with a mix of single family and two family structures, but which are close to the Central Business District.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Educational/school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
4/10 Wind Factor
22% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Manchester, NH • 03104
Average low and high temperatures (°F)
31
15
34
16
49
29
59
38
68
48
81
58
85
63
82
58
76
52
64
42
50
33
36
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 747 Beech St
$840,971
$9,029 under list price of $850K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $500K to $674K.