4 Elm Street, Lancaster, NH 03584

Lancaster
Local realty services provided by:ERA Key Realty Services
4 Elm Street,Lancaster, NH 03584
$1,400,000
  • - Beds
  • 18 Baths
  • 11,178 sq. ft.
  • Multi-family
  • Active
Listed by: nicole canavan
Office: rune stone realty603-608-3124
MLS#:5081330
Source:PrimeMLS

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$93.93

About this home

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 successfully passed its 5-year inspection, with ownership proactively completing all recommended (non-mandatory) improvements—demonstrating a high level of care and diligence. Looking ahead, a new boiler is scheduled for installation in May 2026, further improving efficiency and reducing future capital expenditure...

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Home facts

  • Year built:1910
  • Listing ID #:5081330
  • Added:46 day(s) ago
  • Updated:May 16, 2026 at 10:34 AM

Rooms and interior

  • Total bathrooms:18
  • Full bathrooms:18
  • Flooring:Hardwood, Vinyl Plank
  • Basement Description:Bulkhead, Concrete Floor, Dirt Floor, Exterior Access, Full, No Tenant Access, Unfinished, Walk-up
  • Living area:11,178 sq. ft.

Heating and cooling

  • Heating:Baseboard, Oil

Structure and exterior

  • Roof:Flat, Membrane
  • Year built:1910
  • Building area:11,178 sq. ft.
  • Lot area:0.28 Acres
  • Levels:3 Story

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$93.93
  • Tax amount:$17,438 (2025)

Features and amenities

  • Amenities:Circuit Breaker(s)

Parking

  • Parking description:Gravel Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. 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 Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 16, 2026

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