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$489,000 Just Listed
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Property Description
Great Investment Opportunity in Keene! This versatile property offers an excellent combination of rental income, storage, and future development potential, all situated on 1.3 acres of level, cleared land in a desirable Keene location. The property features a two-family residence with a spacious 4-5 bedroom home plus an additional 1-bedroom apartment, providing valuable rental income or flexible living arrangements. A large commercial-style garage offers plenty of room for storage, a workshop, vehicles, or other uses. Adding even more potential, there is the possibility of constructing an ADU or additional residence, creating an opportunity for a buyer to build their own home while using the existing two-family property as an income-producing asset to help offset the cost. Conveniently located within walking distance of the clinic and hospital, downtown Keene, shopping, restaurants, and a network of biking and hiking paths. A rare opportunity to own a property with income potential, substantial land, and exciting possibilities for future development. Bring your ideas and make the most of this exceptional Keene property!
Full Property Details
Full Property Details for 470 Elm St
General
- Price: $489,000
- Taxes: $9,046 (2025)
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5112878
- Updated: 10/5/2026
- Added to Site: 1 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual,
Interior
- Flooring: Hardwood, Laminate, Tile
Exterior
- Exterior Features: Garden Space, Porch, Shed
- Color: Beige
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Driveway, Garage
Location
- County: Cheshire
- Driving Directions: Court Street, to Elm, House on the right
School Information
- School District: Keene Sch Dst SAU #29
- Elementary School: Fuller Elementary
- Middle School: Keene Middle School
- High School: Keene High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Hot Water
Utilities
- Sewer: Public
- Separate Meters: Varies
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Basement Stairs, Full
- Roof: Asphalt Shingles
- Stories/Levels: 2
- Finished Total: 2,522 Sq. Ft.
- Finished Above Grnd: 2,522 Sq. Ft.
- Year Built: 1900
Unit Information
- 1 Bedroom Units: 1
- 3 Bedroom Units: 1
Unit 1
- Level: 1
- Total Bathrooms: 2
- Bedrooms: 5
Unit 2
- Level: 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 1.3
- Lot Size (Sq. Ft.): 56,628
- Frontage: Yes Road Frontage
- Frontage Feet: 173
- Driveway/Sidewalk: Paved
- Zoning: LD
Financial Considerations
- Price Per Sq. Ft.: $193.89
- Tax Amount: $9,046
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 6
Listed by BHG Masiello Keene, Nancy Proctor
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Schools
Schools serving 470 Elm St
School District:Keene School District
| Name | Grades | Distance |
|---|---|---|
Fuller Elementary School 422 Elm Street, Keene, NH 03431 | K-5 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 470 Elm St
Date
Details
Price
Change
Source
10/05/2026
Listed
$489,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 470 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,046
4%
$263,200
—
2024
$8,704
4%
$263,200
—
2023
$8,393
3%
$263,200
—
2022
$8,167
-1%
$263,200
—
2021
$8,233
—
$263,200
18%
2021
$8,233
-2%
$222,400
—
2019
$8,362
-6%
$222,400
-14%
2015
$8,916
—
$259,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 470 Elm St
470 Elm Street, Keene, NH 03431 (MLS# 5112878) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 470 Elm Street is currently listed for $489,000 and was received on October 05, 2026. Want to learn more about 470 Elm Street? Do you have questions about finding other Multi-Family real estate for sale in Keene? You can browse all Keene real estate or contact a Coldwell Banker agent to request more information.

