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$499,900

Under contract
518 Central Street
Manchester, NH 03103
Listed by Shirley Freeman · BHHS Verani Belmont
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1960

About this home

This spacious two-family property offers flexibility for investors and owner-occupants. Live in one unit and offset your expenses with rental income, or maximize your investment potential by renting both units. The first floor unit offers an updated open concept living dining area, 2 spacious bedrooms and a full bath. This unit opens to a patio and a fenced yard. The second level features the same floor plan, with a private deck overlooking the shaded yard. The finished bonus area in the lower level provides additional room for a home office, recreation space, or storage. Outside, you'll find a rare oversized fenced yard for a city property, offering plenty of space for gardening, entertaining or pets. Enclosed side yard is perfect for a toddler play area. A patio area creates the perfect spot to relax and enjoy the outdoors. The shed provides convenient storage for tools and seasonal items. The two-car garage & the driveway offer plenty of off street parking. Walk to Derryfield Park, Elliott Hospital or downtown. Ideally located close to Derryfield Golf Course, shopping, dining, major highways, and downtown Manchester amenities, this property offers easy access to everything you need for work & play. Whether you're looking to build equity, expand your portfolio, or find a home with income potential, this versatile multi-family property is ready for a new home owner or new tenants.

Property details

MLS
Prime MLS
MLS #
5097831
Property type
Single Family Residence
Subdivision
N/A
Status
Under contract
Days on market
7
On market date
N/A
Stories
N/A
Total bathrooms
2
Garage spaces
2
Parking spaces
N/A
Lot size
0.12 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Henry Wilson Elementary School
0.35 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
436
Student:teacher ratio
12.1:1
District
Manchester School District
Middle
Hillside Middle School
0.7 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
730
Student:teacher ratio
10.6:1
District
Manchester School District
High
Manchester Central High School
0.7 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,305
Student:teacher ratio
15.5:1
District
Manchester School District

Walkability

Blended score for Manchester's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

68
Walkable
out of 100
EPA National Walkability Index
9.3 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores18
Parks11
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Manchester, from live MLS data.

On the market 7 days -- 84 fewer days than Manchester's current average of 91 days.
For reference, the median list price across 376 active listings in Manchester right now is $320,000.

Mortgage calculator

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Est. monthly payment
$3,160/mo
$99,980 down
$399,920 loan
Principal & interest$2,594
Property tax (est.)$417
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is 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 07/14/26.