Great Opportunity to own this 4 Unit Multi-Family in Downtown Lancaster on a spacious level lot. Owner Occupation is possible as one newly renovated unit is vacant. Three occupied units gross $3900 per month. Property consists of three 1-bedroom apartments and one 2-bedroom apartment and a large 2 story attached barn. Other structures have been removed. Many updates and improvements have been done and this property is now ready for its new owner. A minimum of 48 hours notice is required to view the occupied apartments.
We are pleased to present Elmwood Apartments, a well-located 30-unit multifamily investment opportunity in Lancaster, NH, offering strong in-place cash flow with clear paths to additional upside. Priced at $2,600,000, the property is running a 9.17% cap rate on current in-place NOI, with proforma upside to roughly 11.13% as units turn to market rent. Built in 1974, the property consists of four wood-frame buildings on concrete slab foundations situated on ±1.1 acres, offering a diverse unit mix of nineteen 1BD/1BA, five 2BD/1BA, four 3BD/1.5BA, and two 4BD/1.5BA townhouse-style units totaling approximately 21,000 SF. Ownership has invested in electrical upgrades across all four buildings, including new underground feeder lines and upgraded main panels. Additional upside exists in the on-site laundry facilities. The machines are currently leased rather than owned, meaning ownership carries no maintenance or service responsibility, but also isn't capturing any income from this ancillary revenue stream, a clear opportunity for a new owner to add NOI. Lancaster serves as the Coos County seat and is considered the gateway to the Great North Woods region, anchoring the North Country's civic and commercial activity. The broader White Mountains region draws hundreds of thousands of visitors annually and sits at the heart of New Hampshire's hospitality and tourism industry, supporting steady demand for local workforce housing. The town's historic downtown, seasonal tourism draw, and year-round outdoor recreation contribute to a stable base of renters tied to local employers, healthcare, and the surrounding service economy. With durable in-place income, embedded rent growth potential, and an untapped ancillary revenue opportunity, Elmwood Apartments offers a compelling entry point into Northern New England multifamily.
Price Improvement! Reduced $10,000! Large single-family home or multi-family investment? The choice is yours. Bring your vision, roll up your sleeves, and put your tool belt to work. This two-story property is currently configured as a spacious two-family home and awaits completion, but it could easily be converted back into a large single-family residence. The current first-floor tenant is scheduled to vacate on August 1, 2026. Several important improvements have already been completed, including new support beams, stonework, and the installation of a sump pump in the basement. Throughout the first floor, you'll also discover unique artistic carvings and craftsmanship incorporated into the exposed beams, adding character and charm. With plenty of potential and room to make it your own, this is a property worth exploring. Please note that the home will not qualify for FHA or VA financing.
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) improvementsâ??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.
Turn-Key Investment in the Heart of Lancaster. Discover an exceptional opportunity to own a fully updated 4-unit multi-family property that perfectly captures the charm of small-town living with the confidence of modern upgrades. Ideally located just steps from Lancaster's vibrant Main Street, this property offers unmatched convenience and strong income potential—whether you're an investor seeking a reliable addition to your portfolio or a homeowner ready to offset your mortgage through house hacking. This property has already undergone major improvements including a new high-efficiency boiler and metal roof. Inside, several units have been refreshed with new paint and modern finishes, creating clean, inviting living spaces. Professional lead remediation has also been completed, offering added safety and making this a rare move-in-ready asset in the North Country. Inquire today for additional info and virtual tours!
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bedapartments with only one vacancy, plus three commercial units (two with leases and one vacant) making it an ideal mixed-use setup for steady returns. The second building includes four residential units (three 1-bedroom units and one 3-bedroom unit) and has recently completed professional lead remediation, making three of the units ready for immediate leasing. With most rents currently below market, new ownership has a clear opportunity to increase income quickly. Even with a few open units, the portfolio produces cash flow from day one, with strong potential for value growth as vacancies are filled at market rates. NOTE: This portfolio includes a 4 unit Multifamily located at 23-25 Bunker Hill, Lancaster, NH in addition to the mixed use building. The offering memorandum shows conservative assumptions for potential performance and also has a link to an external deal room with additional photos, video tours and all of the financials needed to underwrite this portfolio. DETAILS: Gross Living area: 5,829sqft/3600sqft - Public Water & Sewer - Year Built: 1948/1834 - Roof: Flat Rubber/Metal - Heat: Oil/Forced Hot Water
Lancaster is located in New Hampshire. Lancaster, New Hampshire has a population of 3,215. Lancaster is more family-centric than the surrounding county with 23.69% of the households containing married families with children. The county average for households married with children is 21.71%.
The median household income in Lancaster, New Hampshire is $61,953. The median household income for the surrounding county is $52,054 compared to the national median of $69,021. The median age of people living in Lancaster is 38.3 years.
The average high temperature in July is 78.6 degrees, with an average low temperature in January of 1.4 degrees. The average rainfall is approximately 38.2 inches per year, with 74.8 inches of snow per year.
