NOT LISTED FOR SALE

547 Silver St Manchester, NH 03103

Somerville Neighborhood
15 Beds
3 Baths
5,898 Sq Ft
6,534 Sq Ft Lot

Last Sold May 12, 2021

Last sale price $645,000 $109 Per Sq Ft

8 Days on Market

About This Home

As of May 2021

547 Silver Street is a six unit property comprised of one large building (5,898 sq feet of living space) with off-street parking. There is a mix of three 2-BR apartments and three 3-BR apartments. Separate natural gas utilities (forced hot water heat) service the units, with four of the six boilers being replaced in 2018 with efficient wall-mounted units. Electricity and hot water are also separate and have been updated as needed. Throughout the units, there have been several upgrades, including: One completely renovated unit (including new kitchen, appliances, flooring, etc), two additional apartment turns (including new flooring and paint), and one new hot water tank. With a stable, long-term tenant base, this would be a great addition to anyone's portfolio. COC is valid through March 2022. Assisted showings by appointment only, minimum 48 hour notice required as building is fully occupied.

Last Agent to Sell the Property

Matt Lefebvre

Downtown Realty License #070207 Listed on: 02/18/2021

Co-Listed By

Jessica Stevenson

Sopris License #072410

Last Buyer's Agent

Diamond Estates Associates

Keller Williams Gateway Realty/Salem License #053233

Keller Williams Gateway Realty/Salem

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,556

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 5,898 Sq Ft Home
  • 3-Story Property

Basement

  • Interior Basement Entry
  • Dirt Floor

Schools

  • Henry Wilson Elementary School
  • Hillside Middle School
  • Central High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 13

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Gas Meters
  • Gross Income $69,540
  • Net Operating Income $46,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,556

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Flood Zone: Unknown
  • Assessment Amount: 310700
  • Assessment Year: 2019
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 109.36
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7864
  • Sq Ft - Apx Total Finished: 5898
  • Property Type: Multi-Family
  • Year Built: 1910
  • Remarks Public: 547 Silver Street is a six unit property comprised of one large building (5,898 sq feet of living space) with off-street parking. There is a mix of three 2-BR apartments and three 3-BR apartments. Separate natural gas utilities (forced hot water heat) service the units, with four of the six boilers being replaced in 2018 with efficient wall-mounted units. Electricity and hot water are also separate and have been updated as needed. Throughout the units, there have been several upgrades, including: One completely renovated unit (including new kitchen, appliances, flooring, etc), two additional apartment turns (including new flooring and paint), and one new hot water tank. With a stable, long-term tenant base, this would be a great addition to anyone's portfolio. COC is valid through March 2022. Assisted showings by appointment only, minimum 48 hour notice required as building is fully occupied.
  • L A1 M M S I Memberkey: 614145
  • L A2 M M S I Memberkey: 617773
  • List Agent: 4927
  • L O1 M M S I Officekey: 72524
  • L O2 M M S I Officekey: 72524
  • S A1 M M S I Memberkey: 16759
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 73301
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt
  • Sq Ft - Apx Finished AG: 5898
  • Sq Ft - Apx Unfinished BG: 1966

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Fieldstone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Membrane
  • Easements: Unknown

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 7
  • Total Gas Meters: 6
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 6
  • Utilities: Cable - Available, Internet - Fiber Optic, Phone

Schools

  • Elementary School: Henry Wilson School
  • Middle School: Hillside Middle School
  • High School: Central High School
  • Elementary School: Henry Wilson School
  • High School: Central High School

Lot Info

  • Map: 265
  • Lot: 13
  • Lot Sq Ft: 6534
  • Lot Acres: 0.15
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R-3
  • Deed Book: 9162
  • Deed Page: 2156
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 69540
  • Net Income: 46136
  • Total Full Baths: 3
  • Total Units: 6
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 3

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 7556
  • Tax Year: 2019

MLS Schools

  • School Middle Jr: Hillside Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $645,000 0.0% $109 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $645,000 +43.2% $109 / Sq Ft
04/25/2019 04/25/19 Sold $450,500 +0.1% $75 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $450,000 +50.2% $75 / Sq Ft
07/17/2015 07/17/15 Sold $299,700 -11.6% $51 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
12/11/2013 12/11/13 For Sale $339,000 -- $57 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matt Lefebvre

    Seller's Agent in 2021

    Matt Lefebvre

    Downtown Realty

    (603) 554-2309

    2 in this area

    120 Total Sales

    Matt Lefebvre
    Section Image
  • Jessica Stevenson

    Seller Co-Listing Agent in 2021

    Jessica Stevenson

    Sopris

    (781) 801-3857

    5 in this area

    155 Total Sales

    Jessica Stevenson
    Section Image

  • D

    Buyer's Agent in 2021

    Diamond Estates Associates

    Keller Williams Gateway Realty/Salem

    (603) 912-5470

    1 in this area

    54 Total Sales

    Diamond Estates Associates
    Section Image
  • Joan Blais

    Seller's Agent in 2019

    Joan Blais

    BHHS Verani Londonderry

    (603) 540-5104

    3 in this area

    114 Total Sales

    Joan Blais
    Section Image

  • O

    Buyer's Agent in 2019

    Oliver Beauchemin

    Realty One Group Next Level

    (603) 703-6372

    1 in this area

    32 Total Sales

    Oliver Beauchemin
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4847841

PrimeMLS
New Hampshire Hillsborough County Manchester 03103 Somerville

547 Silver St, Manchester, NH

This home is located at 547 Silver St, Manchester, NH 03103 since 18 February 2021. This property was built in 1910. 547 Silver St is a home located in Hillsborough County with nearby schools including Wilson School, Hillside Middle School, and Manchester Central High School.

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