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 Lancasterâ??s vibrant Main Street, this property offers unmatched convenience and strong income potentialâ??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
Well-located mixed-use building featuring income potential on every level. The main floor offers a spacious commercial unit currently operating as a pet supply store, benefiting from strong traffic counts, excellent visibility, and convenient on-street parking, with additional public parking nearby. Above the commercial space are two residential apartments. The second-floor unit is a generous 3-bedroom apartment, ideal for long-term tenants or owner occupancy. This unit was recently updated and the balcony was replaced. The third-floor unit includes 1 bedroom plus two additional rooms, perfect for an office, guest space, or flexible living needs. This property offers a great blend of commercial and residential use in a high-traffic area, making it an attractive option for investors, owner-occupants, or business owners looking to offset costs with rental income. A solid opportunity to own a versatile building with established use, strong location, and multiple income streams.
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.
