The manganese-nitronyl-nitroxide two-dimensional coordination polymer {[Mn2(NITIm)3]ClO4}n (1) (NITImH = 2-(2-imidazolyl)-4,4,5,5-tetramethyl-4,5-dihydro-1H-3-oxide-1-oxyl) undergoes an unusual hysteretic thermo-induced valence tautomeric transition near room temperature, during which the manganese(II) ions are oxidized to manganese(III) and two of the three deprotonated radicals (NITIm-) are reduced to their diamagnetic aminoxyl form (denoted NITRed2-). Upon cooling, the high-temperature species {[MnII2(NITIm)3]ClO4}n (1HT) turns into the low-temperature species {[MnIII2(NITRed)2(NITIm)]ClO4}n (1LT) around 274 K, while on heating the process is reversed at about 287 K. This valence tautomeric phenomenon is supported by temperature-dependent magnetic susceptibility measurements, differential scanning calorimetry (DSC), crystal structure determination, UV-vis absorption, X-ray absorption (XAS), and emission (XES) and electron paramagnetic resonance (EPR) spectroscopies in the solid state.