Listed by BHHS Verani Londonderry · Rob Labrecque · rob.LaBrecque@verani.com
Residential Income · Manchester, NH
297 Central Street, Manchester, NH
$835,000
Est. $4,222/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 3,210
- Built
- 1910
- MLS®
- #5114905
Property Description
Offered at $835,000, this Manchester multi-family income property at 297 Central Street pairs New Hampshire living with everyday convenience. It counts 3,210 square feet of living space. As a multi-unit property it works two ways: live in one unit while the others pay the mortgage, or run the whole building as an investment. Beyond the basics, the listing carries a 0.2-acre lot, garage parking for 2 and 1910 construction. Everything below — photos, details, schools and market data — updates live from the MLS.
At the $835,000 list price, this building runs a 7.5% cap rate on current rents and 2025 operating expenses, 7.8% once Unit 1 is leased at its $2,400 target, and 8.2% pro forma at market rents with a 5% vacancy allowance. The expensive work on this four-unit building is done. Since 2023 the owner has replaced the roof, installed a high-efficiency gas boiler, repaired the fieldstone foundation, updated the electric panels and swapped every horizontal sewer line for PVC. The next owner inherits a building with no major capital projects ahead. The unit mix is a 4 bed, 2 bath first-floor apartment, a 2 bed and two 1 beds. Unit 1 was just renovated, with new first-floor windows and direct access to a fenced yard. It is vacant now and being leased with a target rent of $2,400 a month, so a buyer can either step into a fresh lease or take the unit for themselves. Every unit has a dishwasher, two have in-unit laundry, and there is shared laundry in the basement. The boiler serves all four units. Each unit has a digital thermostat that the landlord can monitor and override remotely, so heat and hot water costs stay under the owner's control. Tenants pay their own electric. The site is where this property separates itself. There are 10 or more parking spaces along the side of the house, and the two spaces out front are rented to non-tenants for extra monthly income. The detached two-car garage has power, and tenants have no access to it. A new owner can keep it as private storage or a workshop, or rent it out as another income stream. Security cameras with no subscription fee are already in place. A rent roll and 2025 operating expenses are available on request.
Location Highlights
297 Central Street is a residential income in Manchester, New Hampshire, listed at $835,000. That works out to about $260 per square foot, for a home built in 1910. It has been on the market for 14 days.
At this latitude, Manchester averages roughly 8.3 hours of sun a day in June and 3.6 in December.
Zoned schools in the Manchester Sch Dst SAU #37: Beech Street School (Elementary), McLaughlin Middle School (Middle), Manchester Central High Sch (High). Always confirm zoning with the district office.
Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.
Property Details
Essentials & finishes
- SqFt
- 3,210
- Price / SqFt
- $260.12
- Property Type
- Residential Income
- Year Built
- 1910
- County
- NH-Hillsborough
- Town
- Manchester, NH
- Status
- Active
- Days on Market
- 8
Primary Features
- County
- NH-Hillsborough
- Property Type
- Residential Income
- Year Built
- 1910
- Zoning
- MX-2
Interior Features
- Basement
- Yes
- Basement Access Type
- Walk-up
- Basement Description
- Bulkhead
- Cooling
- None
- Electric
- 100 Amp Service
- Heating
- Natural Gas, Hot Water
- SqFt-Approximate Finished Above Grade
- 3,210
- SqFt-Approximate Finished Below Grade
- 0
- SqFt Approximate Total Finished
- 3,210
- SqFt Approximate Total
- 6,212
Location Information
- School - District
- Manchester Sch Dst SAU #37
- School - Elementary
- Beech Street School
- School - High
- Manchester Central High Sch
- School - Middle/Jr
- McLaughlin Middle School
Financial Details
- Tax - Gross Amount
- $8,155
- Tax Year
- 2024
- Taxes TBD
- No
Additional
- Construction Status
- Existing
- Construction
- Wood Frame, Vinyl Siding
- Covenants
- Unknown
- Flood Zone
- No
- Pre-Construction
- No
- Seasonal
- No
- Total Stories
- 3
- Surveyed
- Unknown
External Features
- Color
- Grey
- Driveway
- Paved
- Foundation
- Stone
- Garage
- Yes
- Garage Capacity
- 2
- Lot Features
- City Lot
- Lot - Acres
- 0.2
- Lot - SqFt
- 8,712
- Parking
- Off Street
- Road Frontage Type
- Public
- Road Frontage
- Yes
- Road Frontage Length
- 88
- Roof
- Architectural Shingle
- Sewer
- Public
- Utilities
- None
- Water Source
- Public
MLS®: PrimeMLS #5114905; Listed by BHHS Verani Londonderry · Rob Labrecque · rob.LaBrecque@verani.com
Property History
Estimated annual taxes for this property
- 2024
- $14,195
- 2023
- $13,840
- 2022
- $13,485
Source: Owl’s Nest Real Estate estimate from the list price at New Hampshire’s average effective tax rate — not PrimeMLS or town assessor data. Verify with the town assessor.
Market Data
Live snapshot computed by Owl’s Nest Real Estate from PrimeMLS IDX active listings in this town
- Active listings in Manchester
- 180
- Average list price
- $480,050
- Price range
- $175,000 – $699,900
Mortgage Calculator
Estimate your monthly payment for this home
Estimated Monthly Payment
$5,579/ mo
- Principal & Interest
- $4,222
- Property Tax
- $1,183
- Home Insurance
- $174
Source: Owl’s Nest Real Estate estimate, not PrimeMLS data. Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Around This Property
Schools, everyday places and nearby destinations near 297 Central Street, Manchester, NH
Assigned Schools
- Elementary
- Beech Street School
- Middle
- McLaughlin Middle School
- High School
- Manchester Central High Sch
- District
- Manchester Sch Dst SAU #37
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How much does 297 Central Street cost?
297 Central Street in Manchester, NH is listed for $835,000 on PrimeMLS.
That is about $260 per square foot of finished living space.
It came on the market on October 19, 2026.
How big is 297 Central Street?
297 Central Street in Manchester, NH has 3,210 square feet of finished living space.
What school district is 297 Central Street in?
The MLS places 297 Central Street in Manchester, NH in the Manchester Sch Dst SAU #37.
Listed schools: Beech Street School (elementary), McLaughlin Middle School (middle) and Manchester Central High Sch (high).
School assignments can change; confirm with the district.
Is 297 Central Street still for sale?
Yes. 297 Central Street in Manchester, NH is listed as Active on PrimeMLS (MLS #5114905).
Status can change quickly; contact us to confirm availability before you visit.
Which brokerage has 297 Central Street listed?
297 Central Street in Manchester, NH is listed by Rob Labrecque of BHHS Verani Londonderry (603-434-2377).
Owl's Nest Real Estate shows it through the PrimeMLS IDX feed; we are not the listing brokerage.
What type of home is 297 Central Street?
297 Central Street in Manchester, NH is a multi-family income property built in 1910.
The MLS lists its style as Multi-Family, with three stories.
What town is 297 Central Street in?
297 Central Street is in Manchester, New Hampshire 03103, in Hillsborough County.
What is the lot size of 297 Central Street?
297 Central Street in Manchester, NH sits on 0.2 acres, per the MLS.
The lot is described as city lot.
It has 88 feet of road frontage (public).
Zoning: MX-2.
The MLS lists it as outside a flood zone.
What are the annual property taxes for 297 Central Street?
Annual property taxes on 297 Central Street in Manchester, NH are $8,155 for the 2024 tax year, per the MLS.
New Hampshire towns set their own tax rates and revalue periodically, so confirm the current bill with the Manchester assessing office.
What heating and cooling does 297 Central Street have?
297 Central Street in Manchester, NH is heated by natural gas and hot water, per the MLS.
The MLS lists no cooling system.
What are the water and sewer systems at 297 Central Street?
297 Central Street in Manchester, NH has public water and public sewer, per the MLS.
MLS details — water: public; sewer: public.
Electric: 100 amp service.
Does 297 Central Street have a basement?
Yes. 297 Central Street in Manchester, NH has a basement with walk-up access.
The MLS describes it as bulkhead.
What parking does 297 Central Street have?
297 Central Street in Manchester, NH has a 2-car garage and a paved driveway.
Parking details: off street.
How does the price of 297 Central Street compare with other Manchester listings?
At $835,000, 297 Central Street in Manchester, NH is priced above the $639,900 median asking price of the 57 multi-family properties for sale in Manchester on PrimeMLS as of November 3, 2026 (this listing included).
That figure is Owl's Nest Real Estate's analysis of active listings, and asking prices are not sale prices — ask us for recent comparable sales before you make an offer.
How can I see 297 Central Street in person?
To see 297 Central Street in Manchester, NH, use Request a Showing on this page or call Owl's Nest Real Estate at 401-648-5308.
We can show any MLS-listed home and represent you as your buyer's agent; the listing brokerage represents the seller.
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NOTE: This representation is based in whole or in part on data generated by PrimeMLS, Inc., which assumes no responsibility for its accuracy. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS.
This listing data is intended for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/03/26.