Perhaps One of the MOST UNIQUE INVESTMENTS WE'VE OFFERED IN YEARS!! A 5-Family consisting of a 5-Room 3-Bedroom 1.5 Bath Single family (14 years tenant) in addition to a MODERN 4-PLEX built in 1985 with two 1-Bedroom and two 2-Bedroom units. All long-term residents paying all separate utilities, Natural Gas Heat/Hot Water, Paved parking for 12 + cars, Coin-op Laundry for Added Revenue. Owner of 29 years is sad to part with this LUCRATIVE Portfolio Grade Investment allowing the door of OPPORTUNITY to open for the next generation of savvy Investor to acquire. Current Gross $64,000.00 with $15,260.00 Expenses (Includes taxes) NET $48,740.00 . Potential Market GROSS of $87,000.00 . Yes, Rents are below market due to length of tenancy and current ownership, but the numbers STILL WORK !!!! COC valid to 04/14/25. All showing slots for today and tomorrow have been filled. We are in a Multiple Offer Situation. Deadline is 5 pm Thursday Nov. 2 at 5:00 EST. (if no offer is accepted, more showing slots will be made available on Saturday or Sunday )
Closed
Listed by: Pierre Peloquin Realty • Pierre J Peloquin
Bought with: Pierre Peloquin Realty
$675,000
487 Somerville Street, Manchester, NH 03103
9beds
3,961sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$170/sqft
$2,587 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,587/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Pierre J Peloquin,
Pierre Peloquin Realty 603-668-9923
Bought with:
Pierre J Peloquin
Pierre Peloquin Realty
Source: PrimeMLS,MLS#: 4976012
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 5
Heating
- Natural Gas, Hot Water, Individual
Cooling
- None
Appliances
- Included: Natural Gas Water Heater, Owned Water Heater, Separate Water Heater, Tank Water Heater, Water Heater
Features
- Flooring: Carpet, Vinyl
- Basement: Concrete,Concrete Floor,Full,Interior Stairs,Unfinished,Basement Stairs,Interior Entry
Interior area
- Total structure area: 7,361
- Total interior livable area: 3,961 sqft
- Finished area above ground: 3,961
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Driveway, Parking Spaces 11 - 20
- Has uncovered spaces: Yes
Features
- Levels: Two
- Patio & porch: Covered Porch
- Exterior features: Deck, Storage
- Frontage length: Road frontage: 100
Lot
- Size: 22 Acres
- Features: City Lot, Corner Lot
Details
- Parcel number: MNCHM0264B000L0007
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Garden
- Property subtype: Multi Family
Materials
- Wood Frame, Block Exterior, Vinyl Siding
- Foundation: Concrete
- Roof: Asphalt Shingle
Condition
- New construction: Yes
- Year built: 1985
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable, Gas On-Site
Community & HOA
Location
- Region: Manchester
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $571,300
- Annual tax amount: $10,420
- Date on market: 10/30/2023
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2024 | Sold | $675,000+7.3%$170/sqft |
Source:  PrimeMLS #4976012 Report a problem | ||
| 11/4/2023 | Contingent | $629,000$159/sqft |
Source: PrimeMLS #4976012 Report a problem | ||
| 10/30/2023 | Listed for sale | $629,000$159/sqft |
Source: PrimeMLS #4976012 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,982 -7.4% | $509,800 -10.8% |
| 2023 | $10,775 +3.4% | $571,300 |
| 2022 | $10,421 +3.2% | $571,300 |
| 2021 | $10,101 +18.3% | $571,300 +64.9% |
| 2020 | $8,542 +1.4% | $346,400 |
| 2019 | $8,424 +2.7% | $346,400 |
| 2018 | $8,203 +1.5% | $346,400 |
| 2017 | $8,078 +0.8% | $346,400 |
| 2016 | $8,016 +5.7% | $346,400 +7% |
| 2015 | $7,585 -0.3% | $323,600 |
| 2014 | $7,605 +6% | $323,600 |
| 2012 | $7,177 | $323,600 |
Find assessor info on the county website
Neighborhood: Somerville
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Nearby schools
GreatSchools rating
- 3/10Jewett SchoolGrades: PK-4Distance: 0.8 mi
- 3/10Southside Middle SchoolGrades: 5-8Distance: 0.9 mi
- 3/10Manchester Memorial High SchoolGrades: 9-12Distance: 1 mi
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- New Hampshire
- Hillsborough County
- Manchester
- 03103
- Somerville
- 487 Somerville Street
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