Listed by Rune Stone Realty · Nicole J Canavan · 603-608-3124
Residential Income · Lancaster, NH
4 Elm Street, Lancaster, NH
$1,300,000
$1,400,000 · changed Jun 10, 2026
Est. $6,574/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 11,178
- Built
- 1910
- MLS®
- #5081330
Property Description
Offered at $1,300,000, this Lancaster multi-family income property at 4 Elm Street pairs New Hampshire living with everyday convenience. It counts 11,178 square feet of living space. As a multi-unit property it works two ways: live in one unit while the others pay the mortgage, or run the whole building as an investment. Beyond the basics, the listing carries a 0.28-acre lot, 1910 construction and roughly $116 per square foot. Everything below — photos, details, schools and market data — updates live from the MLS.
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.
Location Highlights
4 Elm Street is a residential income in Lancaster, New Hampshire, listed at $1,300,000. That works out to about $116 per square foot, for a home built in 1910. It has been on the market for 7 months.
From here it is 30.7 miles to Loon Mountain Resort and 36.4 miles to Waterville Valley Resort. At this latitude, Lancaster averages roughly 8.4 hours of sun a day in June and 3.5 in December.
Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.
Property Details
Essentials & finishes
- SqFt
- 11,178
- Price / SqFt
- $116.30
- Property Type
- Residential Income
- Year Built
- 1910
- County
- NH-Coos
- Town
- Lancaster, NH
- Status
- Active
- Days on Market
- 195
Primary Features
- County
- NH-Coos
- Property Type
- Residential Income
- Year Built
- 1910
- Zoning
- C-COMM
Interior Features
- Basement
- Yes
- Basement Access Type
- Walk-up
- Basement Description
- Bulkhead, Concrete Floor, Dirt Floor, Full, No Tenant Access, Exterior Entry, Exterior Stairs, Interior Stairs, Unfinished, Basement Stairs
- Cooling
- None
- Electric
- Circuit Breakers
- Flooring
- Hardwood, Vinyl Plank
- Heating
- Baseboard, Oil
- SqFt-Approximate Finished Above Grade
- 11,178
- SqFt-Approximate Finished Below Grade
- 0
- SqFt Approximate Total Finished
- 11,178
- SqFt Approximate Total
- 14,904
Financial Details
- Cable Company
- Varies
- Electric Company
- EverSource
- Fuel Company
- Al's Heating & Fuels
- Tax - Gross Amount
- $17,438
- Tax Year
- 2025
- Taxes TBD
- No
Additional
- Construction Status
- Existing
- Construction
- Wood Frame
- Covenants
- Unknown
- Flood Zone
- Unknown
- Pre-Construction
- No
- Seasonal
- No
- Total Stories
- 3
- Surveyed
- No
External Features
- Color
- White
- Driveway
- Gravel
- Foundation
- Fieldstone
- Garage
- No
- Lot Features
- City Lot, Level, Major Road Frontage, Neighbor Business, Sidewalks, In Town, Near Shopping, Near Hospital
- Lot - Acres
- 0.28
- Lot - SqFt
- 12,197
- Parking
- Assigned, On Site, Parking Spaces 11 - 20, Unpaved
- Road Frontage Type
- Paved, Public Maintained Road, Public
- Road Frontage
- TBD
- Roof
- Flat, Membrane
- Sewer
- Public
- Utilities
- Cable Available, Phone Available
- Water Source
- Public
MLS®: PrimeMLS #5081330; Listed by Rune Stone Realty · Nicole J Canavan · 603-608-3124
Property History
Estimated annual taxes for this property
- 2024
- $22,100
- 2023
- $21,548
- 2022
- $20,995
Source: Owl’s Nest Real Estate estimate from the list price at New Hampshire’s average effective tax rate — not PrimeMLS or town assessor data. Verify with the town assessor.
Market Data
Live snapshot computed by Owl’s Nest Real Estate from PrimeMLS IDX active listings in this town
- Active listings in Lancaster
- 54
- Average list price
- $206,667
- Price range
- $18,000 – $905,000
Mortgage Calculator
Estimate your monthly payment for this home
Estimated Monthly Payment
$8,686/ mo
- Principal & Interest
- $6,574
- Property Tax
- $1,842
- Home Insurance
- $271
Source: Owl’s Nest Real Estate estimate, not PrimeMLS data. Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Around This Property
Schools, everyday places and nearby destinations near 4 Elm Street, Lancaster, NH
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How much does 4 Elm Street cost?
4 Elm Street in Lancaster, NH is listed for $1,300,000 on PrimeMLS.
That is about $116 per square foot of finished living space.
It came on the market on March 30, 2026.
How big is 4 Elm Street?
4 Elm Street in Lancaster, NH has 11,178 square feet of finished living space.
Does 4 Elm Street have a basement?
Yes. 4 Elm Street in Lancaster, NH has a basement with walk-up access.
The MLS describes it as bulkhead, concrete floor, dirt floor, full, no tenant access, exterior entry, exterior stairs and interior stairs.
What parking does 4 Elm Street have?
The MLS lists no garage at 4 Elm Street in Lancaster, NH; parking is off a gravel driveway.
Parking details: assigned, on site, parking spaces 11 - 20 and unpaved.
Is 4 Elm Street still for sale?
Yes. 4 Elm Street in Lancaster, NH is listed as Active on PrimeMLS (MLS #5081330).
Status can change quickly; contact us to confirm availability before you visit.
Which brokerage has 4 Elm Street listed?
4 Elm Street in Lancaster, NH is listed by Nicole J Canavan of Rune Stone Realty (603-608-3124).
Owl's Nest Real Estate shows it through the PrimeMLS IDX feed; we are not the listing brokerage.
What type of home is 4 Elm Street?
4 Elm Street in Lancaster, NH is a multi-family income property built in 1910.
The MLS lists its style as Apartment Building, with three stories.
What town is 4 Elm Street in?
4 Elm Street is in Lancaster, New Hampshire 03584, in Coos County.
Location notes from the MLS: sidewalks, in town, near shopping and near hospital.
What is the lot size of 4 Elm Street?
4 Elm Street in Lancaster, NH sits on 0.28 acres, per the MLS.
The lot is described as city lot, level, major road frontage and neighbor business.
Zoning: C-COMM.
What are the annual property taxes for 4 Elm Street?
Annual property taxes on 4 Elm Street in Lancaster, NH are $17,438 for the 2025 tax year, per the MLS.
New Hampshire towns set their own tax rates and revalue periodically, so confirm the current bill with the Lancaster assessing office.
What heating and cooling does 4 Elm Street have?
4 Elm Street in Lancaster, NH is heated by baseboard and oil, per the MLS.
The MLS lists no cooling system.
What are the water and sewer systems at 4 Elm Street?
4 Elm Street in Lancaster, NH has public water and public sewer, per the MLS.
MLS details — water: public; sewer: public.
Electric: circuit breakers (EverSource).
Other utilities: cable available and phone available; cable provider Varies.
How does the price of 4 Elm Street compare with other Lancaster listings?
At $1,300,000, 4 Elm Street in Lancaster, NH is priced above the $630,000 median asking price of the 6 multi-family properties for sale in Lancaster on PrimeMLS as of November 3, 2026 (this listing included).
That figure is Owl's Nest Real Estate's analysis of active listings, and asking prices are not sale prices — ask us for recent comparable sales before you make an offer.
How can I see 4 Elm Street in person?
To see 4 Elm Street in Lancaster, NH, use Request a Showing on this page or call Owl's Nest Real Estate at 401-648-5308.
We can show any MLS-listed home and represent you as your buyer's agent; the listing brokerage represents the seller.
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NOTE: This representation is based in whole or in part on data generated by PrimeMLS, Inc., which assumes no responsibility for its accuracy. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS.
This listing data is intended 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 11/03/26.