4 Elm St

Lancaster, NH 03584

$1,400,000
Price
—
Beds
11,178 Sq. Ft.
$125 / Sq. Ft.
11,178
Sq. Ft.
$125
per Sq. Ft.
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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...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. Group Showing April 16th at 2pm. Please email to be added to the list. Do not show without contacting us.
  1. Listed by Nicole Canavan • Rune Stone Realty

Property Details for 4 Elm Street

Zoning
C-COMM
LISTING UPDATED: 04/16/2026 07:01 AM

Property Details for 4 Elm Street

StatusActive
MLS #5081330
Days on Market21
Taxes$17,438 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1910
Lot Size0.28 AC / 12,196 SF
CountyCoos County
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Location

Listing Courtesy of Rune Stone Realty
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Building Information for 4 Elm Street

Stories3Residences18Year Built1910Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

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$8,503 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,050

Property Taxes

$1,453

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4 Elm Street

Summary
Location and General Information
  • City: Lancaster
  • County: NH-Coos
  • Latitude: 44.487049654047148
  • Longitude: -71.569773355819692
  • Road Frontage: TBD
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 10
  • Zip Code: 03584
Taxes and HOA Information
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Block: 0
  • Lot: 1
  • Lot Features: City Lot, Level, Major Road Frontage, Neighbor Business, Sidewalks, In Town, Near Shopping, Near Hospital
  • Lot Size Acres: 0.28
  • Total Finished Area: 11178.0
  • Above Grade Finished Area: 11178.0
  • Above Grade Finished Area Source: Assessor
  • Above Grade Unfinished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Below Grade Unfinished Area: 3726.0
  • BelowGradeUnfinishedAreaSource: Assessor
  • Lot Size Square Feet: 12197.0
  • Total Area: 14904.0
Property and Assessments
  • Assessment Amount: $827,600
  • Assessment Year: 2025
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1910
Utilities
  • Electric Company: EverSource
  • Cable Company: Varies
  • Fuel Company: Al's Heating & Fuels
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable Available, Telephone Available
  • Total Gas Meters: 0
  • Total Electric Meters: 19
  • Internet: Cable Internet, DSL Available, Fiber Optic Internt Avail, High Speed Intrnt Avail, Satellite Internet
  • Water Company: Town of Lancaster
Interior and Exterior Features
Exterior Features
  • Color: White
  • Construction Materials: Wood Frame
  • Roof: Flat, Membrane
  • Total Ranges: 18
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead, Concrete Floor, Dirt Floor, Full, No Tenant Access, Exterior Stairs, Interior Stairs, Unfinished, Exterior Access, Basement Stairs
  • Total Full Baths: 18
  • Flooring: Hardwood, Vinyl Plank
  • Heating: Oil, Baseboard
  • Cooling: None
  • Total Refrigerators: 18
  • Total Stories: 3
  • Total Water Heaters: 2
  • Trash: Municipal
Multi Family
Income & Expenses Information
  • Gross Income: $193,620.00
  • Net Income: $109,538.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Snow Removal, Water/Sewer
  • Operating Expense: $70,528
Multi-Family Information
  • Total Units: 18
  • Total 1 BR Units: 18
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
  • Total Heat Units: 2
Rental
Rent Information
  • Total Leases: 17

Property History for 4 Elm Street

DateEvent & SourcePriceAppreciation
Mar 30, 2026

Listed (Active)

New England Real Estate Network #5081330

$1,400,000—
Jan 25, 2024

Sold (Public Record)

Public Record #1526179214

$940,000

+48.0% / yr

Jan 25, 2024

Sold

New England Real Estate Network #4976242

$940,000—
DateEvent & SourcePrice
03/30/2026

Listed (Active)

New England Real Estate Network #5081330

$1,400,000
01/25/2024

Sold (Public Record)

Public Record #1526179214

$940,000

+48.0% / yr

01/25/2024

Sold

New England Real Estate Network #4976242

$940,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4 Elm Street

Taxable ValueLand$117,300Additions$710,300Total$827,600
Tax Record2025$17,438 ($1,453 / month)
Home Facts
Baths16Total Finished SqFt11,737 SqFtAbove Grade Finished SqFt11,737 SqFtUnfinished Basement SqFt3,094 SqFtStories3Lot Size12,197 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningC-COMMCountyCOOSAPNLNCS M:P10 L:001

Schools near 4 Elm Street

This home is within White Mountain Regional School District.
Rating
School
Type
Grades
Distance
Lancaster Elementary School
Public - PK to 8
White Mountains Regional High School
Public - 9 to 12
Mount Royal Academy North
Private - PK to 8
Sunny Brook Montessori School
Private - PK to 1
Rating
School
Distance
Lancaster Elementary School
PublicPK to 8

White Mountains Regional High School
Public9 to 12

Mount Royal Academy North
PrivatePK to 8

Sunny Brook Montessori School
PrivatePK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4 Elm Street, Lancaster, NH 03584

4 Elm Street is a multi-family home for sale in Lancaster, NH 03584. This property was listed for sale on March 30, 2026 by Rune Stone Realty, it's currently listed at $1,400,000. It has been on the market for a total of 21 days and was last sold on January 25, 2024. This listing's school district is White Mountain Regional School District. Nearby schools include Lancaster Elementary School, White Mountains Regional High School and Mount Royal Academy North. 4 Elm Street is a 0-bed, 18-bath, 11,178 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rune Stone Realty

Copyright 2026 PrimeMLS, 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 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 04/29/2026 11:41 AM