1217 Elm Street, Manchester, NH 03101
Local realty services provided by:ERA Key Realty Services
1217 Elm Street,Manchester, NH 03101
$10,200,000
- - Beds
- - Baths
- 40,690 sq. ft.
- Multi-family
- Active
Listed by:william peck
Office:horvath & tremblay llc.
MLS#:5066057
Source:PrimeMLS
Price summary
- Price:$10,200,000
- Price per sq. ft.:$180.61
About this home
Signature on Elm contains a total of 43 units, consisting of 8 commercial suites and 35 residential units comprised of (17) 2-Bed/1-Bath units, (13) 1-Bed/1-Bath units, and 5 Studio units. Signature on Elm has undergone a gut renovation, which includes additions of an elevator and mailroom, all apartments, common areas, and exterior. The luxury units feature modern kitchens, dishwashers, in-unit washer and dryer, mini-splits for heating and cooling, vinyl flooring, and new appliances. The redevelopment of the property has added a high end, modern look. The Property also features a low-maintenance brick exterior and twenty-two (22) on-site parking spaces. Each unit is individually metered for electric hot water, electric heating and cooling, and electricity, all of which are paid for by the tenant. The Landlord is responsible for paying common area electric and public water and sewer. In-place rents are below the current market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply constrained residential market. Value add opportunity also exists through the lease up of vacant retail spaces. The assessed value of the property is frozen through Fiscal Year 2028 in accordance with RSA 79-E covenants recorded on 2/23/2022. The RSA 79-E covenant calls for Affordable Housing for 15 units restricted for tenants at or below 80% of Area Medium Income, which is in place until Fiscal Year 2028.
Contact an agent
Home facts
- Year built:1948
- Listing ID #:5066057
- Added:1 day(s) ago
- Updated:October 16, 2025 at 10:39 PM
Rooms and interior
- Living area:40,690 sq. ft.
Heating and cooling
- Cooling:Mini Split
- Heating:Electric, Mini Split
Structure and exterior
- Roof:Membrane
- Year built:1948
- Building area:40,690 sq. ft.
- Lot area:0.49 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$10,200,000
- Price per sq. ft.:$180.61
New listings near 1217 Elm Street
- Open Sat, 10am to 12pmNew$650,000Active6 beds 3 baths3,798 sq. ft.
41 Russell Street, Manchester, NH 03104
MLS# 5065977Listed by: THE THOMAS GROUP OF NORTHERN NEW ENGLAND, LLC - Open Sun, 1 to 3pmNew$449,000Active3 beds 2 baths2,221 sq. ft.
87 S Wilson Street, Manchester, NH 03103
MLS# 5065958Listed by: NORTH NEW ENGLAND REAL ESTATE GROUP - Open Sat, 12 to 2pmNew$580,000Active3 beds 2 baths2,012 sq. ft.
2434 Elm St, Manchester, NH 03104
MLS# 73444188Listed by: Century 21 Cardinal - Open Fri, 4 to 6pmNew$565,000Active3 beds 3 baths3,056 sq. ft.
552 Oak Street, Manchester, NH 03104
MLS# 5065927Listed by: KELLER WILLIAMS REALTY-METROPOLITAN - Open Sat, 11am to 1pmNew$489,900Active4 beds 2 baths1,746 sq. ft.
24 Fairbanks Street, Manchester, NH 03102
MLS# 5065910Listed by: COLDWELL BANKER REALTY BEDFORD NH - Open Sat, 11am to 1pmNew$449,900Active3 beds 2 baths1,507 sq. ft.
982 Union Street, Manchester, NH 03104
MLS# 5065866Listed by: JON CLARK REALTY LLC - Open Sat, 11am to 12:30pmNew$550,000Active3 beds 3 baths2,016 sq. ft.
506 Oak Street, Manchester, NH 03104
MLS# 5065817Listed by: KW COASTAL AND LAKES & MOUNTAINS REALTY/ROCHESTER - New$265,000Active2 beds 2 baths1,041 sq. ft.
19 Country Club Drive #38, Manchester, NH 03102
MLS# 5065827Listed by: REAL BROKER NH, LLC - Open Fri, 4:30 to 6pmNew$525,000Active2 beds 2 baths1,310 sq. ft.
300 River Road #104, Manchester, NH 03104
MLS# 5065797Listed by: KELLER WILLIAMS REALTY-METROPOLITAN