4-Unit Multifamily
New
For Sale
$835,000
297 Central St, Manchester, NH 03103
A recently renovated vacant apartment has new first-floor windows and direct access to a fenced yard.
Property Size3,210 SF
Price / SF$260.12
Days on Market4
Property Features for 297 Central St
General Information
Standard status
Active
Size
3,210 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Kalivas/ Union
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR, 2 x 1BR
Multifamily Units
4
Amenities
dishwasher
shared laundry
security cameras
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Ross Doody Of Century 21 Highview Realty
Listed By:
Chinatti Realty
(978) 320-3377
Source:
Chinattirealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ross Doody Of Century 21 Highview Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 297 Central Street in Manchester, this 3,210-square-foot, four-unit property has a mix of one four-bedroom, two-bathroom apartment, one two-bedroom apartment and two one-bedroom apartments. The vacant first-floor unit has been renovated and opens directly to a fenced yard. Each apartment has a dishwasher; two have in-unit laundry, with additional shared laundry in the basement.
Work completed since 2023 includes a roof replacement, a high-efficiency gas boiler, fieldstone foundation repairs, updated electrical panels and replacement of the horizontal sewer lines with PVC. The boiler serves all four apartments, and tenants pay their own electric. The property is zoned MX-2.
Parking includes at least 10 spaces alongside the building and two front spaces rented to non-tenants. A detached, powered two-car garage is not accessible to tenants. Security cameras are installed, with no subscription fee.
Work completed since 2023 includes a roof replacement, a high-efficiency gas boiler, fieldstone foundation repairs, updated electrical panels and replacement of the horizontal sewer lines with PVC. The boiler serves all four apartments, and tenants pay their own electric. The property is zoned MX-2.
Parking includes at least 10 spaces alongside the building and two front spaces rented to non-tenants. A detached, powered two-car garage is not accessible to tenants. Security cameras are installed, with no subscription fee.
Key Highlights
- Four apartments totaling 3,210 square feet, with a mix of one 4‑bedroom, 2‑bath unit, one 2‑bedroom unit and two 1‑bedroom units
- Roof, boiler, fieldstone foundation, electrical panels and horizontal sewer lines addressed since 2023
- At least 10 parking spaces beside the building; two additional front spaces are rented to non‑tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,318
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,360
$866.4K
Cap Rate 7%
$618,829
$618.8K
Cap Rate 9%
$481,311
$481.3K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$65.5K $20.40/SF
− Vacancy
−$3.6K −$1.12/SF
EGI
$61.9K $19.28/SF
− OpEx
−$18.6K −$5.78/SF
NOI
$43.3K $13.49/SF
Area
Manchester, NH
Vacancy
5.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,360
Cap Rate 7%
$618,829
Cap Rate 9%
$481,311
Alternative Uses
Best Use
Multifamily LT 5
$618.8K
$541.5K – $722.0K
NOI $43,318 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$788.3K
$689.8K – $919.7K
NOI $55,180 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,823
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A recently renovated vacant apartment has new first-floor windows and direct access to a fenced yard.
Where is this quadplex located?
The property is located at 297 Central St Manchester, NH.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Four apartments totaling 3,210 square feet, with a mix of one 4‑bedroom, 2‑bath unit, one 2‑bedroom unit and two 1‑bedroom units; Roof, boiler, fieldstone foundation, electrical panels and horizontal sewer lines addressed since 2023; At least 10 parking spaces beside the building; two additional front spaces are rented to non‑tenants
