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  • Listed by: Keller Williams Realty-Metropolitan
    Bought with: Keller Williams Realty-Metropolitan
    $700,000

    470 Spruce Street, Manchester, NH 03103

    9beds
    3baths
    3,312sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $772,000 Zestimate®
    $211/sqft
    $1,652 Estimated rent

    Home value

    $772,000

    $733,000 - $811,000

    $1,652/mo

    Zestimate® history
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    $4,568/mo

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    What's special

    Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.

    Zillow last checked:

    Listing updated:

    Listed by:

    Savannah Levasseur,

    Keller Williams Realty-Metropolitan 603-232-8282

    Bought with:

    Stephen C Jenkins Jr.

    Keller Williams Realty-Metropolitan

    Source: PrimeMLS,MLS#: 4999294MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    Heating
    • Natural Gas, Steam
    Cooling
    • None
    Features
    • Flooring: Carpet, Hardwood, Laminate
    • Basement: Bulkhead,Concrete Floor,Interior Stairs,Unfinished,Interior Access,Exterior Entry,Basement Stairs,Interior Entry
    Interior area
    • Total structure area: 4,416
    • Total interior livable area: 3,312 sqft
    • Finished area above ground: 3,312
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Paved, Detached, Assigned, Driveway, Garage, Leased, Off Street, Parking Spaces 6+
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Levels: 3
    Lot
    • Size: 5,663 sqft
    • Features: City Lot, Curbing, Landscaped, Sidewalks
    Details
    • Parcel number: MNCHM0405B000L0035
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Fiberglss Blwn Insulation, Wood Frame, Asbestos Exterior
    • Foundation: Granite
    • Roof: Flat,Membrane,Rolled/Hot Mop
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Manchester

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/15/2024Sold$700,000+7.7%$211/sqft
    Source: PrimeMLS #4999294 Report a problem
    6/6/2024Listed for sale$650,000+6.6%$196/sqft
    Source: PrimeMLS #4999294 Report a problem
    6/23/2023Sold$610,000+15.3%$184/sqft
    Source: PrimeMLS #4953692 Report a problem
    5/28/2023Contingent$529,000$160/sqft
    Source: PrimeMLS #4953692 Report a problem
    5/22/2023Listed for sale$529,000+157.2%$160/sqft
    Source: PrimeMLS #4953692 Report a problem
    8/2/2012Sold$205,700-8.6%$62/sqft
    Source: Public Record Report a problem
    5/11/2012Listed for sale$225,000$68/sqft
    Source: MGM Realty Group #4154981 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,045 +3.8%$410,900
    2023$7,750 +13.8%$410,900 +10%
    2022$6,813 +3.2%$373,500
    2021$6,603 +14.5%$373,500 +59.7%
    2020$5,768 +1.4%$233,900
    2019$5,688 +2.7%$233,900
    2018$5,539 +1.5%$233,900
    2017$5,455 +0.8%$233,900
    2016$5,412 +1.7%$233,900 +3%
    2015$5,323 -0.3%$227,100
    2014$5,337 +6%$227,100
    2012$5,037 $227,100 -23.7%
    2010-- $297,500
    2009$2,728 +2281.4%$297,500
    2005$115 -21.9%--
    2004$147 +3.8%--
    2003$141 +10.9%--
    2002$127 -41.7%--
    2001$218 $107,500

    Find assessor info on the county website

    Neighborhood: Hallsville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Henry Wilson School
    • Middle: Hillside Middle School
    • High: Central High School
    • 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
    $772,000
    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
    $772,000