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32652790
32652788

97 Bridge Street, Manchester, NH 03101 For Sale

FS
MA: 149766
NorthEast Private Client Group Newton
NorthEast Private Client Group Newton
NorthEast Private Client Group Shelton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton, NorthEast Private Client Group Shelton
$2,300,000
72 days on market
Updated 72 days ago

Bridge Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,200
Beds 12
Cap Rate 6.54%
NOI $150,382
Tenancy Multi
Pro-Forma Cap Rate 7.67%
Pro-Forma NOI $176,374
Year Built 1900
Stories 3
Acreage 0.170
Parking Spaces 7 spaces
Parking per 1,000 SqFt 0.69
Investment Type Value Add

Multifamily | 6.54% CAP | 12 Units

Marketing description

Northeast Private Client Group is pleased to present the Bridge Street Apartments located at 97 Bridge St in Manchester, NH.

97 Bridge Street represents the opportunity to acquire a 12-unit, brick-constructed multifamily asset in one of Manchester's established rental corridors. Originally constructed in 1900, the property consists of approximately 10,506 SF of living area across three stories, with a full basement and masonry construction—offering durability and reduced long-term capital exposure. With on-site parking (7 spaces) and a walkable location near downtown Manchester, the property is well-positioned to attract and retain workforce housing tenants.

The property offers a solid existing income stream with the opportunity to increase rents through strategic renovations and improved management. Located just minutes from the downtown core, this asset benefits from proximity to major employment centers, retail amenities, dining, and public transportation.

All interested and qualified parties will have the opportunity to tour the building during scheduled appointments.

Investment highlights

  • 12 Unit Multifamily Property
  • 10,506 SF of Living Area | (12) One-Bedroom Floor Plans
  • Additional Coin-Op Laundry Income
  • On-Site Parking (7 spaces) | Paved Area
  • Proximity to Downtown Manchester, Employment Hubs, and Transit
  • Value-Add Multifamily Opportunity Thru Unit Renovations & Rent Growth

Listing Contacts

FS
MA: 149766
NorthEast Private Client Group Newton
NorthEast Private Client Group Newton
NorthEast Private Client Group Shelton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton, NorthEast Private Client Group Shelton

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$150,382.00
$12,531.83/mo

Valuation Metrics

0
DSCR
6.54%
Cap Rate
6.54%
ROI

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Additional Information

Name
Brian Brockman
License
O75993
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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