Cash-Flowing Mixed-Use
For Sale
$905,000
98 Main St, Lancaster, NH 03584
Two buildings with solid income and significant upside potential.
Property Size5,829 SF
Price / SF$155.26
Days on Market119
Property Features for 98 Main St
General Information
Standard status
Active
Size
5,829 SF
Property subtype
Investment
Building Details
Year Built
1948
Units
13
Listing Agency:
Badger Peabody & Smith Realty
(603) 991-4894
Listed By:
Zach Hawkins
(603) 991-4894
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 22 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Badger Peabody & Smith Realty
Investment Insights
Based on property information with market context.
This cash-flowing portfolio features two fully rent-ready buildings, offering a combination of steady income and substantial growth potential. The larger property comprises six one-bedroom apartments, with only one vacancy, alongside three commercial units, two of which are currently leased, and one vacant, creating a mixed-use configuration suitable for consistent returns. The second building contains four residential units, including three one-bedroom units and one three-bedroom unit. Recent professional lead remediation has been completed, preparing three of these units for immediate leasing. With the majority of rents currently below market value, new ownership has a clear opportunity to increase income quickly. The portfolio generates cash flow from day one, even with a few open units, and offers strong potential for value growth as vacancies are filled at market rates. The portfolio includes a four-unit multifamily property in addition to the mixed-use building. The gross living area is 5,829 square feet and 3,600 square feet. The buildings have public water and sewer. One building was built in 1948 and the other in 1834. The roofs are flat rubber and metal. Heating is oil and forced hot water. The bike score is 44, indicating it is somewhat bikeable, and the walk score is 41, indicating it is car-dependent.
Key Highlights
- Cash‑flowing portfolio from day one with strong potential for value growth.
- Two buildings included: mixed‑use property with six 1‑bed apartments and three commercial units, plus a four‑unit residential building.
- Significant upside potential by increasing rents to market rates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 03584, NH
3,490
Population
1,817
Households
1.9
Avg Household Size
47
Median Age
27%
College-Educated
93%
High-School Grad
62.1 sq mi
ZIP Area
56
Density / Sq Mi
$92,797
Median Household Income
$46,627
Median Earnings
$892
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings with solid income and significant upside potential.
Where is this mixed-use property located?
The property is located at 98 Main St Lancaster, NH.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: Cash‑flowing portfolio from day one with strong potential for value growth.; Two buildings included: **mixed‑use property with six 1‑bed apartments and three commercial units**, plus a four‑unit residential building.; Significant upside potential by increasing rents to market rates.
