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Gray Property Group

Name: Gray Property Group
Address: 1650 Elm Street #401, Manchester, NH, 03101, US
Telephone: +16036374812

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Manchester, NH
Gray Property Group

The full-service real estate firm specializing in multifamily properties & servicing NH, MA & FL

08/28/2026

🏢 JUST CLOSED | 17 Bridge Street, Pittsfield, NH

We’re excited to announce the closing of 17 Bridge Street. At a final closed price of $549,000, this marks a record for the highest 4-unit sale price in Pittsfield history.

The success of this sale is due in part to the property’s strong unit mix consisting of one 3-bedroom, two 2-bedroom, and one 1-bedroom apartment, along with several private porches, select in-unit laundry, separate electric and hot water metering, and 5–6 off-street parking spaces.

At the time of sale, the property was generating approximately $81,000 in annual gross income and $50,500 in NOI, while a large attached barn offered additional value-add potential through storage income or possible future redevelopment, subject to town approvals.

Congratulations to everyone involved in getting this transaction across the finish line!

We’ll be bringing several more multifamily investment properties to market throughout New Hampshire in the coming weeks.

If you’re looking to expand your portfolio, stay tuned or reach out to Gray Property Group to learn more about what we have coming soon.

08/22/2026

🏢 NEW LISTING | 305–309 Cedar Street | Manchester, NH

Excellent 9-unit multifamily investment opportunity in Manchester featuring an attractive mix of spacious 2- and 3-bedroom apartments and strong in-place rental income.
Current rents average approximately $1,900/month for 2-bedroom units and $2,500/month for 3-bedroom units.

Several units have recently been turned with modest updates, offering a clean, attractive product today while leaving additional upside for a new owner to continue improving the property and increasing rents over time.

📊 Investment Highlights:
• 9 multifamily units
• All 2- and 3-bedroom apartments
• Approx. $229,000/year pro forma rental income
• Approx. $149,000 pro forma NOI
• 8.3% pro forma cap rate at asking price
• Strong existing rents with additional long-term upside
• Approximately 5 off-street parking spaces + additional street parking

The property is heated by a natural gas boiler, with the landlord responsible for heat, hot water, and water/sewer. Tenants pay their own electricity.

305–309 Cedar Street presents a compelling opportunity to acquire a well-located, income-producing Manchester multifamily asset with a strong unit mix, established rental income, and room for continued value creation.

📞 To learn more or schedule a showing, contact Nick Gray at Gray Property Group at (603) 637-4812 or [email protected].

08/16/2026

🎉 JUST SOLD | 149 Cutts Street, Portsmouth, NH 🎉

Congratulations to our clients on the successful purchase of this beautiful historic Portsmouth home, represented by Brett Berger of Gray Property Group!

🏡 Purchased for $970,500
🛏️ 3 Bedrooms
🛁 2 Bathrooms
📐 2,495 SF
📅 Built in 1911
🚗 4-Car Garage
🌳 0.57 Acres

Located less than a mile from Downtown Portsmouth, this charming home combines classic New England character with an incredible West End location. Highlights include wide-plank hardwood floors, bright and spacious living areas, an eat-in kitchen with a private rear deck, a sunroom with skylights, and a large backyard. The property also offers 43 feet of access to the North Mill Pond inlet, plus an oversized four-car garage with additional flexible space above.

A fantastic opportunity for our buyers to acquire a unique property in one of Portsmouth's most desirable neighborhoods.

Congratulations to our clients, and a special thank you to Brett Berger for successfully representing the buyers!

Thinking about buying or selling in New Hampshire or Florida? Contact Gray Property Group at (603) 637-4812.

08/09/2026

🎉 JUST SOLD | 34 Ponemah Hill Road, Unit 6 | Milford, NH 🎉

Congratulations to our seller on the successful off-market sale of Unit 6, which closed for $470,000! Gray Property Group was proud to represent the seller in this transaction.

Built in 2021, these modern townhomes offer approximately 1,300 square feet of thoughtfully designed living space with 2 bedrooms, 1.5 bathrooms, and three finished levels. Each unit features an open-concept layout, high ceilings, granite countertops, shaker-style cabinetry, subway tile backsplash, stainless steel appliances, a gas range, in-unit laundry, a private patio, a full basement for storage, and two dedicated off-street parking spaces.

This development continues to generate strong demand thanks to its modern finishes, low-maintenance lifestyle, and convenient location just minutes from the Milford Oval, NH-101A, shopping, dining, and Manchester-Boston Regional Airport.

With this closing, 2 of the 9 townhomes have now sold, and another unit is currently under contract. If you've been considering a home or investment opportunity in Milford, now is a great time to take a look.

🏡 Unit 2 is currently available on the MLS.

📞 To learn more or schedule a showing, contact Nick Gray at Gray Property Group at (603) 637-4812 or [email protected].

07/31/2026

🏡 JUST CLOSED | 55 River Road , Manchester, NH

Gray Property Group is excited to announce the successful sale of this updated 2-bedroom, 1.5-bathroom condominium at Hampshire Tower for $275,000.

We had the pleasure of working with the seller for many years through two properties that were both managed by Gray Property Group. We are grateful for the continued trust and the opportunity to assist her with the successful sale of 55 River Road.

This 765 SF condo offered comfortable, low-maintenance living with a spacious layout, granite countertops, stainless steel appliances, updated bathrooms, abundant natural lighting, a private balcony, and one deeded garage parking space.

Residents of Hampshire Tower enjoy a variety of community amenities, including:
🏊 In-ground swimming pool
🏋️ Fitness center
📚 Library
🎉 Clubroom
🔥 Grilling area
🧺 Laundry facilities

Located minutes from Downtown Manchester, I-93, I-293, shopping, dining, and Manchester-Boston Regional Airport, this property offered the perfect combination of convenience, comfort, and value.

Thank you to our seller for trusting Gray Property Group throughout this process. We look forward to continuing to build long-term relationships and helping our clients achieve their real estate goals.

📩 Contact Nick Gray at Gray Property Group at (603) 637-4812 or [email protected] for more information on our current listings and investment opportunities.

07/24/2026

🎉 JUST SOLD | 34 Ponemah Hill Road Unit 8, Milford, NH 🎉

Congratulations to our seller on the successful off-market sale of Unit 8, which closed for $440,000! Gray Property Group was proud to represent the seller in this transaction.

Built in 2021, these modern townhomes offer ~1,300 SF of thoughtfully designed living space with 2 bedrooms, 1.5 bathrooms, and three finished levels. Each home features an open-concept layout with high ceilings, granite countertops, shaker-style cabinetry, subway tile backsplash, stainless steel appliances, a gas range, in-unit laundry, a private patio, full basement for storage, and two dedicated off-street parking spaces.

Whether you're looking for a primary residence or an investment property, these townhomes continue to attract strong interest thanks to their modern finishes, low-maintenance design, and convenient location just minutes from the Milford Oval, NH-101A, shopping, dining, and Manchester-Boston Regional Airport.

🏡 Looking for one of your own? Additional units are currently available and under contract, with Unit 2 actively listed on the MLS.

📞 Contact Nick Gray at Gray Property Group at (603) 637-4812 or [email protected] for more information or to schedule a showing.

07/18/2026

🎉 JUST SOLD | 22 Cottage Street, Portsmouth, NH 🎉

Congratulations to our clients on the successful sale of this beautifully updated home in Portsmouth's highly sought-after West End!

🏡 Sold for $1,005,000
🛏️ 3 Bedrooms
🛁 4 Bathrooms
📐 1,871 SF

Originally built in 1890, this charming New Englander seamlessly blended historic character with modern updates, featuring sun-filled living spaces, a stylish kitchen, a flexible floor plan, and a spacious private yard—all just moments from downtown Portsmouth's shops, restaurants, and waterfront.

Congratulations to both the buyers and sellers, and a special shoutout to Brett Berger of Gray Property Group for successfully representing the transaction!

Thinking about buying or selling in New Hampshire or Florida? Connect with Nick Gray and the team at Gray Property Group at (603) 637-4812.

JustClosed

07/11/2026

🏢 NOW ACCEPTING INVESTORS | 270 Amory Street, Manchester, NH

Gray Property Group is seeking investors for our acquisition of 270 Amory Street, a 34,600 SF mixed-use commercial property situated on 2.7 acres on Manchester's West Side. We sourced this opportunity completely off-market and are currently under contract to purchase the property.

The property is 97% occupied, providing strong in-place cash flow from day one. We have it under contract for $1.73 million ($50/SF), corresponding to a ~9.5% going-in cap rate, and successfully negotiated a $100,000 seller credit to address deferred maintenance after closing.

Most exciting to us is the long-term potential of controlling 2.7 acres of mixed-use land in a growing city that is eager to approve new housing. We believe the property represents an outstanding covered land redevelopment opportunity, and we are already underway with conceptual plans exploring a future apartment or mixed-use redevelopment of the site.

📈 Investment Highlights:
✅ 34,600 SF of retail and industrial space
✅ 2.7-acre site in a growing market
✅ 97% occupied with immediate cash flow
✅ ~9.5% projected going-in cap rate
✅ ~10% projected Year 1 cash-on-cash return
✅ Opportunity to increase rents over time
✅ Long-term redevelopment potential for workforce housing

Gray Property Group is raising $625,000 in equity for this acquisition, with Nick Gray personally investing $200,000 alongside our investment partners. For this relatively small capital raise compared to our other recent projects we are reducing our minimum investment to $25,000.

⏳ Closing is scheduled for August 5, with funded investor commitments required by July 27.

If you're interested in learning more about this investment opportunity, please reach out to Nick Gray ([email protected]) or Kaitlyn Yeatman ([email protected]) for access to the investor deal room and offering materials. We'd be happy to answer any questions and discuss the opportunity in more detail.

06/25/2026

🏡 NEW LISTING | 34 Ponemah Hill Road #2, Milford, NH

Built in 2021, this beautifully maintained townhouse offers 2 bedrooms, 1.5 bathrooms, and approximately 1,440 SF of modern living space across three levels.

Designed with both comfort and functionality in mind, the home features an open-concept layout with high ceilings, abundant natural light, granite countertops, shaker-style cabinetry, subway tile backsplash, stainless steel appliances, and a gas range.

✨ Features Include:
🏠 Spacious open-concept living and dining area
🍽️ Granite countertops and stainless steel appliances
🔥 Gas range
🛏️ Two generously sized bedrooms
🛁 Full bath with double vanity plus first-floor half bath
🧺 In-unit washer and dryer
🌿 Private backyard patio
📦 Full basement with bulkhead access for storage
🚗 Two dedicated off-street parking spaces

For investors, the unit has historically rented for approximately $2,750 per month, providing a strong and proven rental history.

Conveniently located just minutes from the Milford Oval, NH-101A, shopping, dining, Manchester-Boston Regional Airport, and major commuter routes, this property offers flexibility for both owner-occupants and investors alike.

📩 Contact Nick Gray at Gray Property Group at (603) 637-4812 or [email protected] to schedule a showing.

06/19/2026

🏡 NEW LISTING | 55 River Road , Manchester, NH

Discover easy, low-maintenance living in this updated 2-bedroom, 1.5-bathroom, 765 SF condominium located in one of Manchester's most convenient communities, Hampshire Tower.

The unit features a spacious layout, granite countertops, stainless steel appliances, an updated full bathroom, abundant natural lighting, a private balcony, and one deeded garage parking space.

Community Amenities Include:
🏊 In-ground swimming pool
🏋️ Fitness center
📚 Library
🎉 Clubroom
🔥 Grilling area
🧺 Laundry facilities

Conveniently located just minutes from Downtown Manchester, I-93, I-293, shopping, dining, and Manchester-Boston Regional Airport, this property offers an ideal combination of comfort, convenience, and value.
Whether you're looking for a primary residence or a strong investment opportunity, this condo is a must-see.

📩 Contact Nick Gray at Gray Property Group at (603) 637-4812 or [email protected] to schedule a showing.

Address

1650 Elm Street #401
Manchester, NH
03101

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5am
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm
Saturday	9am - 12pm

Telephone

+16036374812

Website

http://linktr.ee/gray.property.group

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