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4-Unit Multifamily with Barn
For Sale
$369,000

20 Railroad Street, Lancaster, NH 03584

Four-unit property with three 1-bedroom units, one 2-bedroom unit, and an attached two-story barn.

Property Size3,265 SF
Price / SF$113.02
Days on Market104

Property Features for 20 Railroad Street

General Information

Standard status Active
Size 3,265 SF
Property subtype Multi-family

Building Details

Year Built 1890
Listing Agency: Rune Stone Realty
Listed By: Nicole Canavan
Source: Profoundrealestate
Added: May 29 Changed: Sep 8 Last Checked: Sep 8 at 7:28AM

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 Rune Stone Realty

Investment Insights

Based on property information with market context.

This four-unit multifamily property includes three 1-bedroom apartments and one 2-bedroom apartment. The property also features a large, two-story attached barn. The listing notes that many updates and improvements have been completed and the property is ready for a new owner.

The asset sits on a spacious, level lot in downtown Lancaster. One newly renovated unit is vacant, and owner occupation is possible. Other structures have been removed, and a minimum of 48 hours notice is required to view the occupied apartments.

Key Highlights

  • 4‑unit multi‑family in downtown Lancaster with three 1‑bedroom units and one 2‑bedroom unit
  • Three occupied units gross $3,900 per month; one newly renovated unit is vacant and can support owner occupancy
  • Year built 1890

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Hair Salon Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

307
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit property with three 1-bedroom units, one 2-bedroom unit, and an attached two-story barn.
Where is this quadplex located?
The property is located at 20 Railroad Street Lancaster, NH.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 4‑unit multi‑family in downtown Lancaster with three 1‑bedroom units and one 2‑bedroom unit; Three occupied units gross $3,900 per month; one newly renovated unit is vacant and can support owner occupancy; Year built 1890
More about this property
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