297 Central Street

Manchester, NH 03103

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, and the owner controls the thermostats digitally, which keeps heat and hot water costs predictable. 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.

Listing courtesy of Rob Labrecque of BHHS Verani Londonderry [email protected]



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Last checked: 2026-10-21 11:39 AM UTC