February 26, 2025 – William Peck of Horvath & Tremblay has arranged the sale of an 8-unit multi-family property in Manchester, New Hampshire. Peck represented the seller to complete the transaction at a sale price of $1,200,000.
The multi-family property is located at 617-619 Union Street in Manchester, New Hampshire. The Property consists of two multi-family buildings and contains eight (8) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and six (6) 1-Bedroom/1-Bathroom units within 6,765 square feet of living area in 10,258 gross square feet on a 0.14-acre parcel of land. The property also has an on-site laundry facility and three (3) off-street parking spaces. Below market rents offer the potential for increased income on the Property. The opportunity exists to drive rental rates in an urban-infill, high demand/supply-constrained residential market through programmatic upgrades to the remaining unrenovated unit interiors. Centrally located in the heart of Manchester, 617-619 Union Street is 200 feet from Bridge Street and is a few blocks from both Elm Street (US Route 3) and Maple Street (MA Route 28). The Property is seconds from Pulaski Park and less than 1-mile from the SNHU Arena, Gill Stadium, Sheehan-Basquil Park, and is within walking distance of many of the retail amenities in Downtown Manchester. 617-619 Union Street is situated in an urban location in Manchester less than 0.3 miles from State Highway 3, which connects to Interstates 93 and 293. The area offers countless amenities, with ample dining, retail, and nightlife options.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.