Listed by Andrew Kieffer • BHHS Verani Bedford. Bought with Oceans Edge Real Estate LLC.
Off market mar 2022 for $1.1M
$568,490
Est. refi paymentEst. refi$7,669/mo
—
bd
•
— ba
•
4,471
sq ft
159 S Main St, Manchester, NH 03102
About this home
Great opportunity for investment property with a 9.5% cap rate! Nice office space on 1st floor to lease or run your business. Garage space can be part of the 1st floor office or rented separately. Two apartments on the 2nd floor with 2 bedrooms each. One recently remodeled. The larger unit has space on the 3rd floor and open concept floor plan with large deck overlooking the river. Extra $400/month income from the billboard on the side of the building. Take advantage of this unique property with great cash flow! Projected gross income of $46,128 with total expenses (not including mortgage) of $15,906. Current owner would consider a short term lease back on the 1st floor office space.
1930Year Built
4,792 sq ftLot Size
$127Est. Price/Sq.Ft.
1 car garageParking
Listed by Andrew Kieffer• BHHS Verani Bedford
Bought with Kateryna Demers• Oceans Edge Real Estate LLC
Source:PrimeMLS #4845841
Redfin Estimate
$568,490
$582K since sold in March 2022
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 28.3% higher than the average sale price ($443K) of 6 comparable homes.
Great opportunity for investment property with a 9.5% cap rate! Nice office space on 1st floor to lease or run your business. Garage space can be part of the 1st floor office or rented separately. Two apartments on the 2nd floor with 2 bedrooms each. One recently remodeled. The larger unit has space on the 3rd floor and open concept floor plan with large deck overlooking the river. Extra $400/month income from the billboard on the side of the building. Take advantage of this unique property with great cash flow! Projected gross income of $46,128 with total expenses (not including mortgage) of $15,906. Current owner would consider a short term lease back on the 1st floor office space.
Public Records
Mar 31, 1988
Sold
$160,000
$36/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$5,198 (+3.8%)
$122,400 + $143,100
$265,500
2023
$5,007 (+3.4%)
$122,400 + $143,100
$265,500
2022
$4,843 (+3.2%)
$122,400 + $143,100
$265,500
2021
$4,694 (−40.9%)
$122,400 + $143,100
$265,500
2020
$7,938 (+1.4%)
$106,400 + $215,500
$321,900
2019
$7,829 (+2.7%)
$106,400 + $215,500
$321,900
2018
$7,623 (+1.5%)
$106,400 + $215,500
$321,900
2017
$7,507 (+0.8%)
$106,400 + $215,500
$321,900
2016
$7,449 (−2.8%)
$106,400 + $215,500
$321,900
2015
$7,667
$106,400 + $220,700
$327,100
Tax history for 159 S Main St
Year
Property tax
Land + Additions
Assessment*
2024
$5,198 (+3.8%)
$122,400 + $143,100
$265,500
2023
$5,007 (+3.4%)
$122,400 + $143,100
$265,500
2022
$4,843 (+3.2%)
$122,400 + $143,100
$265,500
2021
$4,694 (−40.9%)
$122,400 + $143,100
$265,500
2020
$7,938 (+1.4%)
$106,400 + $215,500
$321,900
2019
$7,829 (+2.7%)
$106,400 + $215,500
$321,900
2018
$7,623 (+1.5%)
$106,400 + $215,500
$321,900
2017
$7,507 (+0.8%)
$106,400 + $215,500
$321,900
2016
$7,449 (−2.8%)
$106,400 + $215,500
$321,900
2015
$7,667
$106,400 + $220,700
$327,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
B-2
General Business District
The purpose of the General Business District is to provide appropriate locations in the city for the development and operation of a mixture of commercial uses and personal and business services that have a community-wide or regional market and which require access from major city streets and proximity to arterial highways, including automotive-oriented uses, larger scale retail, and shopping centers. The variety, scale and intensity of the permitted commercial uses in the B-2 zone are intended to be greater than those permitted in the B-1 neighborhood business zone.
Permitted uses
Include but are not limited to:
Gas station
General retail
Retail-Grocery
Restaurant
Self-Storage / mini-Storage
Warehouse
Hotel / motel
Mixed use building
Office
Medical office
Property details
Interior
Heating & Cooling
Heating Type: Forced Air
Exterior
Exterior Information
Physical Condition: Average
Construction Type: Frame
Exterior Wall: Vinyl
Roof Shape Type: Gable
Property Information
Living Sq. Ft: 4,471
Gross Sq. Ft: 7,671
# of Units: 3
# of Stories: 3
Lot Information
# of Buildings: 1
Land Sq. Ft: 4,792
Legal Lot Number: 146-E
Municipality Name: MANCHESTER CITY
Acres: 0.11
State Use Description: MIXED USE-PRIM RES & COMM
Financial
Assessor Information
Assessment Year: 2024
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,471
Stories: 3.0
Lot Size: 4,792 square feet
Style: Other
Year Built: 1930
Year Renovated: —
County: Hillsborough County
APN: 354147
Home facts updated by county records on Aug 5, 2026
Around this home
Schools
Middle School At Parkside
Public 5-8 • Assigned • 0.5mi
2/10
Manchester West High School
Public 9-12 • Assigned • 0.4mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Manchester, NH • 03102
Average low and high temperatures (°F)
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$541,000 – $654,000
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