4 Elm St, Lancaster, NH

Name: 4 Elm St, For Sale in Lancaster - Zoocasa
Brand: Rune Stone Realty
SKU: 5081330
Price: 1400000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,400,000

0180

MLS® 5081330

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 11178 sqft

Garage No

Taxes

Days Active 0

Lot Size 0.28 acres

Approx. Age 1910

Avg. Price Per Sqft $125

MLS® Number 5081330

Property Address: 4 Elm St, Lancaster, NH, 03584-3149

Average square foot calculated using Size range provided by listing agent.

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 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 risk. Strategically located near major employers such as Weeks Medical Center, PAK Solutions, and Trividia Manufacturing, the property benefits from strong local demand and tenant retention. Its central location places residents within walking distance to downtown amenities, services, and major commuter routes. Investment Highlights: * 18 residential units * 7.06% cap rate * Proven rental performance with long-term tenants * Low Vacancy * Extensive recent capital improvements * Additional upside with new boiler installation (May 2026) * Prime downtown corner location * Close proximity to major employers This is an ideal opportunity for investors seeking a turnkey multifamily asset.

MLS® Number5081330

Laundry Level

Central VacNo

FireplaceNo

Acreage0.28

Exterior

GarageNo

Approx. Age1910

BasementBulkhead, Concrete Floor, Dirt Floor, Exterior Entry, Full, No Tenant Access, Basement Stairs, Exterior Stairs, Interior Stairs, Unfinished

DrivewayAssigned, On Site, Parking Spaces 11 - 20, Unpaved

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 30, 2026List Date

$1,400,000List Price

Nov 7, 2023End Date

$940,000Sold Price

Sold

Oct 31, 2023List Date

$950,000List Price

Commute

Commute

Starting Address

Destination Address

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