Exceptional investment opportunity with strong cash-flow potential! This well-maintained 4-unit multifamily property offers over 4,300 square feet of rentable living space and features an attractive unit mix of two spacious 3-bedroom units and two 1-bedroom units. Designed for efficiency and investor-friendly ownership, all utilities are separately metered, with tenants responsible for their own utility expenses, significantly reducing owner overhead and maximizing net operating income. The property is serviced by natural gas, includes off-street parking, and offers added tenant convenience with washer/dryer hookups in both 3-bedroom units, plus additional laundry hookups in the basement, creating the potential for supplemental income through a shared laundry area. One of the most compelling features is the opportunity for future revenue growth. Three of the four units are currently occupied on month-to-month leases, providing flexibility for an investor to adjust rents to market rates and optimize cash flow. The property has been cared for by long-term, reliable tenants who pay on time and take pride in maintaining their homes, helping to preserve the condition of the building while providing stable income. Whether you're looking to expand your portfolio, execute a value-add strategy, or secure a turnkey asset with upside potential, this property checks all the boxes. With strong fundamentals, low operating expenses, separate utilities, and significant room to increase income, this is a rare chance to acquire a multifamily asset with both immediate cash flow and long-term appreciation potential. Don't miss the opportunity to unlock the full earning power of this investment property. Group showings Tuesdays 6 at 6pm, Thursdays at 12pm and Saturdays at 1pm by APPOINTMENT ONLY!
Active
Listed by: Realty One Group Next Level
Price cut: $25K (6/22)
$825,000
575 Summer Street, Manchester, NH 03103
7beds
4,320sqft
Multi Family
Built in 1920
-- sqft lot
$800,800 Zestimate®
$191/sqft
$-- HOA
What's special
Off-street parking
- 22 days |
- 1,322 |
- 69 |
Zillow last checked:
Listing updated:
Listed by:
Nikki Kalantzis,
Realty One Group Next Level 888-888-7653
Source: PrimeMLS,MLS#: 5093367
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Cooling
- None
Features
- Flooring: Hardwood, Other
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 5,750
- Total interior livable area: 4,320 sqft
- Finished area above ground: 4,320
- 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: MNCHM0044B000L0001
- Zoning description: Residential Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Other
- Roof: Flat,Other
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Location
- Region: Manchester
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $487,100
- Annual tax amount: $9,537
- Date on market: 6/8/2026
Estimated market value
$800,800
$761,000 - $841,000
$2,024/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $825,000-2.9%$191/sqft |
Source: | ||
| 6/8/2026 | Listed for sale | $850,000+73.5%$197/sqft |
Source: | ||
| 6/29/2021 | Sold | $490,000+30.7%$113/sqft |
Source: Public Record Report a problem | ||
| 5/18/2018 | Sold | $375,000$87/sqft |
Source: | ||
| 4/20/2018 | Pending sale | $375,000$87/sqft |
Source: Keller Williams Realty-Metropolitan #4685797 Report a problem | ||
| 4/12/2018 | Price change | $375,000-5.1%$87/sqft |
Source: Keller Williams Realty-Metropolitan #4685797 Report a problem | ||
| 3/1/2018 | Listed for sale | $395,000+147%$91/sqft |
Source: Owner Report a problem | ||
| 9/28/2000 | Sold | $159,900$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,537 +3.8% | $487,100 |
| 2023 | $9,187 +3.4% | $487,100 |
| 2022 | $8,885 +3.2% | $487,100 |
| 2021 | $8,612 +28.3% | $487,100 +79% |
| 2020 | $6,710 +1.4% | $272,100 |
| 2019 | $6,617 +2.7% | $272,100 |
| 2018 | $6,443 -0.9% | $272,100 -2.4% |
| 2017 | $6,504 +0.8% | $278,900 |
| 2016 | $6,454 +1.8% | $278,900 +3.1% |
| 2015 | $6,338 -0.3% | $270,400 |
| 2014 | $6,354 +6% | $270,400 |
| 2012 | $5,997 | $270,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Kalivas Union
Nearby schools
GreatSchools rating
- 4/10Hillside Middle SchoolGrades: 5-8Distance: 1 mi
- 3/10Manchester Central High SchoolGrades: 9-12Distance: 0.7 mi
- 2/10Manchester School Of Technology (High School)Grades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Manchester School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Hampshire
- Hillsborough County
- Manchester
- 03103
- Kalivas Union
- 575 Summer Street





