Fully leased three unit multifamily investment on Manchester’s West Side. The property features three 2 bedroom, 1 bathroom units generating $6,100 per month in current gross rent. Heat, hot water, and electricity are separately metered and tenant paid, with the owner responsible for water and sewer. Off street parking and strong in place income make this an attractive opportunity for investors seeking immediate cash flow.
Notre Dame, located between Elm Street and the Merrimack River, is a residential and institutional Manchester neighborhood with brick mill-era textures and river-adjacent green space. The neighborhood’s character concentrates around the Notre Dame Bridge at Bridge Street, where traffic, river views, and campus edges set a steady, urban rhythm. Pillars include the Currier Museum of Art, the Palace Theatre, and the historic Millyard Museum. Streets mix compact triple-deckers and small apartment buildings with civic-scale blocks near downtown. Sidewalk routes trace toward the Millyard’s red-brick corridors and the riverfront paths. The feel is practical and walk-oriented, with culture and daily errands threaded into the grid.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Walkout basement
Bedrooms
Three 2-bedroom units
Heating & cooling
Natural gas heating
Space heaters
No central cooling
Exterior features
Paved driveway
Sidewalks and neighborhood setting
Dead-end road frontage
Home design
Apartment / Multi-family building
Existing structure
Parking
Paved driveway
Construction
Built in 1885
Vinyl siding
Flat tar-and-gravel roof
Utilities
Public sewer
Public water
Circuit breaker electrical service
Cable available
No internet service listed
Financial info
Net income reported: $45,702
Electricity and solar
View estimated energy costs and solar savings for this home
HUD Property. FHA Case #341-085530. Sold "AS-IS" by electronic bid only. Property available 02-09-17. Bids due by 02/18/17 at 11:59PM Central Time then daily until sold. Insured. Eligible for FHA203K. Multi-family building with 3 units in the sought after West Side of Manchester. Separate utilities for each unit, off street parking and plenty of income earning potential. Convenient city location close to parks, stores, downtown and schools. Disclosures: Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. State law requires Smoke/ Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity, 3 units. LBP Addendum. Financing terms: FHA, cash or conventional. There are 7 bedrooms per FHA appraisal.
PrimeMLS #204987
Jul 19, 2005
Sold
$331,700
$115/sq ft
Jun 10, 2005
Delisted
—
May 20, 2005
Listed
$324,900
$112/sq ft
PrimeMLS #768305
Aug 28, 2000
Sold
$142,400
$49/sq ft
Jul 19, 2000
Delisted
—
Jul 7, 2000
Listed
$149,900
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$6,822 (+3.8%)
$84,600 + $263,800
$348,400
2023
$6,571 (+3.4%)
$84,600 + $263,800
$348,400
2022
$6,355 (+3.2%)
$84,600 + $263,800
$348,400
2021
$6,160 (+15.6%)
$84,600 + $263,800
$348,400
2020
$5,327 (+1.4%)
$58,300 + $157,700
$216,000
2019
$5,253 (+2.7%)
$58,300 + $157,700
$216,000
2018
$5,115 (+1.5%)
$58,300 + $157,700
$216,000
2017
$5,037 (+14.7%)
$58,300 + $157,700
$216,000
2016
$4,392 (−6.1%)
$58,300 + $131,500
$189,800
2015
$4,679 (+3.4%)
$58,300 + $141,300
$199,600
2013
$4,525
$58,300 + $141,300
$199,600
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,892
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,892
Year built
1885
Style
Multi-Family (2-4 Unit)
County
Hillsborough County
APN
103831
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
R-3
Urban Multifamily District
The intent of this zoning district is to maintain the inner city neighborhoods at a density which affords the opportunity to develop or redevelop multifamily housing at the maximum density considered appropriate to sustain neighborhood quality in an urban setting. Its primary purpose is to define residential densities appropriate for the inner city neighborhoods, while preserving opportunities for some neighborhood-serving businesses to be integrated therein. Special provisions within the district permit, under certain conditions, the development of high density highrise structures for the elderly.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Cemetery
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 95° expected this year, 16 days in 30 years
5/10 Wind Factor
24% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Manchester, NH • 03102
Average low and high temperatures (°F)
31
16
34
17
49
29
59
38
68
48
80
58
84
63
81
57
76
52
63
42
50
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Manchester. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 159 Cartier St
$599,521
$4,521 over list price of $595K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $505K to $700K.