Seller's Agent in 2024
Nicole Canavan
Rune Stone Realty
(603) 566-7305
3 in this area
43 Total Sales
4 Elm St Lancaster, NH 03584
Studio
8
Baths
11,178
Sq Ft
0.28
Acres
Highlights
- Wood Flooring
- High Speed Internet
- Level Lot
- Baseboard Heating
About This Home
As of January 2024Cash flowing 18-Unit Multi-Family with Value Add and Upside Opportunities. 13% CAP Rate. NOI $124,036. Thirteen updated units, four units with long term tenants and one unit ready for your renovation ideas. Over $270K in CapEx expenditures in just the last year including a brand-new rubber roof, new oil tanks, structural reinforcements, apartment renovations and more! Building also has updated electrical, hardwired smoke detectors/fire system, and sprinklers. Parking on site. Located in downtown Lancaster at the corner of Route 3 and Route 135, this 18 unit multi-family is at the center of it all and near major employers such as Weeks Medical Center, PAK Solutions and Trividia Manufacturing. Showings begin 11/3/23. Seller is a licensed real estate agent.
Last Agent to Sell the Property
Rune Stone Realty License #069474 Listed on: 10/31/2023
Last Buyer's Agent
Wanda Aho
Meadow View Realty, LLC License #054071
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $8,210
Year Built
- Built in 1910
Lot Details
- 0.28 Acre Lot
- Level Lot
Home Design
- Stone Foundation
- Wood Frame Construction
- Membrane Roofing
- Vinyl Siding
Interior Spaces
- 11,178 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Vinyl Plank
Unfinished Basement
- Walk-Out Basement
- Connecting Stairway
- Interior Basement Entry
Parking
- 1,120 Car Parking Spaces
- Dirt Driveway
- On-Site Parking
Utilities
- Baseboard Heating
- Heating System Uses Oil
- High Speed Internet
Listing and Financial Details
- Tax Lot 1
- 24% Total Tax Rate
Community Details
Overview
- 18 Units
- Rune Stone Realty Association, Phone Number (603) 287-7115
Building Details
- Operating Expense $68,476
- Gross Income $192,900
- Net Operating Income $124,036
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/25/2024 01/25/24 | Sold | $940,000 | -1.1% | $84 / Sq Ft | |
| 11/07/2023 11/07/23 | Pending | -- | -- | -- | |
| 10/31/2023 10/31/23 | For Sale | $950,000 | +100.4% | $85 / Sq Ft | |
| 04/29/2022 04/29/22 | Sold | $474,000 | -15.1% | $43 / Sq Ft | View Prior Sale |
| 02/03/2022 02/03/22 | Pending | -- | -- | -- | |
| 12/29/2021 12/29/21 | Price Changed | $558,000 | -5.1% | $50 / Sq Ft | |
| 11/12/2021 11/12/21 | For Sale | $588,000 | -- | $53 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,997 | $781,900 | $117,300 | $664,600 |
| 2023 | $13,535 | $781,900 | $117,300 | $664,600 |
| 2022 | $7,238 | $298,000 | $73,200 | $224,800 |
| 2021 | $7,805 | $298,000 | $73,200 | $224,800 |
| 2020 | $7,373 | $298,000 | $73,200 | $224,800 |
| 2019 | $7,420 | $298,000 | $73,200 | $224,800 |
| 2018 | $8,098 | $298,000 | $73,200 | $224,800 |
| 2017 | $7,483 | $303,300 | $73,000 | $230,300 |
| 2016 | $7,768 | $303,300 | $73,000 | $230,300 |
| 2015 | $8,338 | $303,300 | $73,000 | $230,300 |
| 2014 | $7,097 | $303,300 | $73,000 | $230,300 |
| 2013 | $7,082 | $303,300 | $73,000 | $230,300 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Canavan
-
W
Buyer's Agent in 2024
Wanda Aho
Meadow View Realty, LLC
-
Jennifer Allen
Seller's Agent in 2022
Jennifer Allen
Lisa Hampton Real Estate
(603) 631-0365
17 in this area
108 Total Sales
Map
Source: PrimeMLS
MLS Number: 4976242
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Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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.
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