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Listed by: Nicole J Canavan | Rune Stone Realty (603) 608-3124
$1,300,000
Monthly Est:$6,471
-- Bed
-- Bath
11,178sqft
4 Elm St, Lancaster, NH 03584
$1,300,000
$6,471/moEst:
Get Pre-Approved
Multi Family
Built in 1910
$-- HOA
12,197 sqft lot
$116/sq.ft
Description
Positioned in the heart of downtown Lancaster at the highly visible corner of Route 3 and Route 135, this 18-unit multifamily property offers investors an opportunity to acquire a stable, income-producing asset with a 7.06% cap rate.
The property boasts a strong rental history with many long-term tenants, providing consistent cash flow and operational stability. Over the past several years, there have been significant capital improvements, enhancing both the functionality and long-term value of the asset.
Recent upgrades include:
*New rubber membrane roof
*New oil tanks
*Structural reinforcements
*Interior apartment refreshes
In addition, the fire and sprinkler system ...
- Houzeo last checked: 0 minutes ago
- Listing updated: June 11, 2026 at 3:19 pm
- Source: NEREN/Prime MLS-NH | MLS#: 5081330
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1910
HOA Fees
-
Finished Area
11,178 sqft
Lot Size
12,197 sqft lot
Basement Area
- sqft
MLS Name
NEREN/Prime MLS
MLS Number
5081330
MLS Status
(10) Active - Active
Days on Market
172
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Flooring
Hardwood, Vinyl Plank
Sewer
Public Sewer
Heating
Oil, Baseboard
Cooling
None
Construction
Year Built
Year Built: 1910
Home type
Multi Family
Construction Materials
Wood Frame
Architectural Style
Apartment Building
Roof
Flat, Membrane
Property Condition
Existing
Foundation Details
Fieldstone
Utilities & Energy
Basement
Bulkhead, Concrete Floor, Dirt Floor, Exterior Entry, Full, No Tenant Access, Basement Stairs, Exterior Stairs, Interior Stairs, Unfinished
Parking Features
Assigned, On Site, Parking Spaces 11 20, Unpaved
Water Source
Public
Utilities
Cable Available, Phone Available
Electric
Circuit Breakers
Other Features
Lot Features
City Lot, Level, Major Road Frontage, Neighbor Business, Sidewalks, In Town, Near Shopping, Near Hospital
Price History
| Date | Event | Price |
|---|---|---|
06/10/2026 Source: | Listed for Sale | $1,300,000 +38.30% $116/sqft |
01/25/2024 Source: | Price Increased | $940,000 +98.31% $84/sqft |
04/29/2022 Source: | Sold | $474,000 $42/sqft |
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Based on information from PrimeMLS Inc. through Sep 20, 2026, 12:17AM. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information. The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 Sep 20, 2026, 12:17AM. © 2026 PrimeMLS, Inc. All Rights Reserved.
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