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  • Listed by: Realty One Group Next Level
    Price cut: $25K (6/22)
    $825,000

    575 Summer Street, Manchester, NH 03103

    7beds
    4,320sqft
    : 
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    Multi Family
    Built in 1920
    -- sqft lot
    $800,800 Zestimate®
    $191/sqft
    $-- HOA

    What's special

    Off-street parking
    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!
    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#: 5093367MLS Logo

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      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

        DateEventPrice
        6/22/2026Price change$825,000-2.9%$191/sqft
        Source: PrimeMLS #5093367 Report a problem
        6/8/2026Listed for sale$850,000+73.5%$197/sqft
        Source: PrimeMLS #5093367 Report a problem
        6/29/2021Sold$490,000+30.7%$113/sqft
        Source: Public Record Report a problem
        5/18/2018Sold$375,000$87/sqft
        Source: PrimeMLS #4685797 Report a problem
        4/20/2018Pending sale$375,000$87/sqft
        Source: Keller Williams Realty-Metropolitan #4685797 Report a problem
        4/12/2018Price change$375,000-5.1%$87/sqft
        Source: Keller Williams Realty-Metropolitan #4685797 Report a problem
        3/1/2018Listed for sale$395,000+147%$91/sqft
        Source: Owner Report a problem
        9/28/2000Sold$159,900$37/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        88 / 100
        Very Walkable
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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