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  • Listed by: RE/MAX Innovative Properties • Rich Racine
    Bought with: REAL Broker NH, LLC
    $645,000

    221 Lake Avenue, Manchester, NH 03103

    9beds
    3baths
    3,428sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $677,600 Zestimate®
    $188/sqft
    $1,898 Estimated rent

    Home value

    $677,600

    $623,000 - $732,000

    $1,898/mo

    Zestimate® history
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    What's special

    Saturday 15th Open House ONLY. Welcome to 221 Lake Ave, a beautifully renovated 3-unit multifamily property in the heart of Manchester, NH. This well-maintained building offers three spacious 3-bedroom, 1-bath units, making it an ideal investment opportunity or a perfect home for an owner-occupant.Unit 1 – Owner Occupant Opportunity: The first-floor unit is vacant and completely renovated, offering a modern living space with fresh finishes throughout. Featuring new flooring, updated kitchen and bathroom, and ample natural light, this unit is ready for you to move in and make it your own. With three generously-sized bedrooms and a full bath, it’s the perfect place to call home while enjoying rental income from the other units. Units 2 & 3 – Investment Potential:Both the second and third-floor units are currently rented, providing an excellent opportunity for steady cash flow. These units also offer three bedrooms and one bathroom, with plenty of space for tenants to enjoy. Off Street parking for 6 cars. Showings to start at open house on 2/15 from 1pm-3pm No other showings outside of those times. Agent Interest

    Zillow last checked:

    Listing updated:

    Listed by:

    Rich Racine,

    RE/MAX Innovative Properties rich@racinerealtyteam.com

    Bought with:

    Kendall A Reyes

    REAL Broker NH, LLC

    Source: PrimeMLS,MLS#: 5029206MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    Heating
    • Natural Gas
    Cooling
    • None
    Features
    • Basement: Unfinished,Interior Entry
    Interior area
    • Total structure area: 4,564
    • Total interior livable area: 3,428 sqft
    • Finished area above ground: 3,428
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved
    Features
    • Levels: 3
    Lot
    • Size: 5,227 Square Feet
    • Features: City Lot
    Details
    • Parcel number: MNCHM0060B000L0007
    • Zoning description: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame
    • Foundation: Stone
    • Roof: Rolled/Hot Mop
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable

    Community & HOA

    Location
    • Region: Manchester

    Financial & listing details

    • Price per square foot: $188/sqft
    • Tax assessed value: $355,000
    • Annual tax amount: $6,695
    • Date on market: 2/12/2025
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/14/2026Listing removed$2,347$1/sqft
    Source: Zillow Rentals Report a problem
    6/1/2026Listed for rent$2,347$1/sqft
    Source: Zillow Rentals Report a problem
    4/24/2025Listing removed$2,347$1/sqft
    Source: Zillow Rentals Report a problem
    3/24/2025Listed for rent$2,347$1/sqft
    Source: Zillow Rentals Report a problem
    3/21/2025Sold$645,000+7.5%$188/sqft
    Source: PrimeMLS #5029206 Report a problem
    2/12/2025Listed for sale$600,000+369.1%$175/sqft
    Source: PrimeMLS #5029206 Report a problem
    3/7/2009Listing removed$127,900$37/sqft
    Source: Point2 #2737147 Report a problem
    1/1/2009Listed for sale$127,900-57%$37/sqft
    Source: Point2 #2737147 Report a problem
    12/30/2008Sold$297,400+98.3%$87/sqft
    Source: Public Record Report a problem
    11/1/2008Price change$150,000-16.6%$44/sqft
    Source: Point2 #2737147 Report a problem
    9/24/2008Listed for sale$179,900-32.8%$52/sqft
    Source: Point2 #2737147 Report a problem
    6/21/2004Sold$267,900+19.1%$78/sqft
    Source: Public Record Report a problem
    3/16/2004Sold$225,000$66/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,951 +3.8%$355,000
    2023$6,695 +3.4%$355,000
    2022$6,475 +3.2%$355,000
    2021$6,276 +15.7%$355,000 +61.4%
    2020$5,423 +1.4%$219,900
    2019$5,348 +2.7%$219,900
    2018$5,207 +1.5%$219,900
    2017$5,128 +0.8%$219,900
    2016$5,088 -0.1%$219,900 +1.2%
    2015$5,091 -0.3%$217,200
    2014$5,104 +6%$217,200
    2012$4,817 -7.2%$217,200 -25.3%
    2009$5,189 +149.2%$290,700
    2005$2,082 +9.1%--
    2004$1,909 +2.8%--
    2003$1,857 +7.8%--
    2002$1,722 +25.9%--
    2001$1,368 $89,200
    Find assessor info on the county website

    Neighborhood: Kalivas Union

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Beech Street School
    • Middle: McLaughlin Middle School
    • High: Manchester Central High Sch
    • District: Manchester Sch Dst SAU #37

    Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $677,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $677,600