115 School St Manchester — Photo 1 of 33
$1,050,000
Investment Analysis — 115 School St
Manchester, MA 01944
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01944 carries an estimated $5,760/mo in gross rent — about a 3.80% cap rate and $39,931/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
5
SqFt
5,627
Style
Multi Family
Built
1914
Unique opportunity in Manchester-by-the-sea! Great in town location that has the flexibility to become your dream house. Renovate the stately main house and the legal lower level 1 bedroom apartment or start over and build exactly what you want: a 2 family or a spacious single family. Easy access to Essex County Club and a short walk to the elementary and high schools. Buyer to perform their own due diligence. Utilities, town water and sewer are at the site. Bring a contractor and builder to explore your options. Showings are by appointment only or at the open houses on Saturday & Sunday, September 12th & 13th, 12:00-1:30pm.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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Listing Agent: Fabyan And Filias Team
Listing Office: J. Barrett & Company
MLS® Number: 73573261
