For sale $2,975,000 | $264 per sq.ft. | MLS# 5037275
A
16
Unit Multi Family Home, in Manchester NH
With 11 - One Bedroom Units
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Description:
119 Hanover Street presents a rare opportunity to own a fully occupied, mixed-use property in the heart of downtown Manchester, all for under $3 million! Positioned on the corner of Hanover and Chestnut Street--just steps from The Palace Theater, Hanover Street Chophouse, and major new multifamily developments--this location offers unmatched walkability and visibility. The two-story brick building features 11 fully leased apartments (a mix of studios and 1-bedrooms), 5 commercial storefronts, and a long-standing billboard lease. Every unit has undergone significant renovations in the past two years, including new electrical panels, updated plumbing, a new rubber roof, high-efficiency mini-splits, and a freshly painted exterior. Each residential unit is outfitted with high-end finishes such as granite countertops, stainless steel appliances, premium LVP flooring, and in-unit A/C. Residents also enjoy free high-speed Wi-Fi, a new laundry room, and 24/7 security coverage via high-resolution interior and exterior cameras. All five commercial spaces are leased on multi-year terms to a stable mix of retail and restaurant tenants. The on-site billboard--rented for nearly 30 years--offers additional upside with a tenant currently paying below-market rent on an at-will basis. Don't miss this chance to acquire a fully renovated, income-producing building in one of New Hampshire's strongest rental markets.
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
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Annual Expenses
$0
Taxes: $17,739 |
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Construction: Steel Frame | Brick Exterior | Price Per SQ.FT. 264.49 | Year Built: 1910
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No. of Floors-| 2
Finished Sq.Ft.: 16803
Above Grade Sq.Ft.: 11248
Below Grade Sq.Ft.: 0
Basement: Unfinished
Foundation: Fieldstone
Electric: 200 Amp
Style: Apartment Building
Utilities: Gas - On-Site | Other
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Style: Apartment Building
Roof: Rolled
Water: Public
Sewer: Public
Seasonal: No
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Land Information
Lot size: 0.14 acres
Zoned: CBD)
Surveyed: Unk
Flood Zone: Unknown
Driveway: None
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Information |
Taxes $17,739 | Assesed Value $0 in
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Area Information |
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© 1996 -2025 Granite Northland Associates Real Estate |
Copyright © 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed.
The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers'
personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated April 25th, 2025
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
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