Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey 4-Unit Multi-Family Property Title is generated by Realmo AI

    23-25 Bunker Hill Street, Lancaster, NH 03584

    View on Map
    Claim this Listing
    For Sale
    $379,900

    MULTI_FAMILY - Other - Lancaster, NH

    Property size:
    3,096 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $122/SF
    Added:
    Mar 24, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 23-25 Bunker Hill Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-COMM
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 4, Bedroom 2, Basement, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 6
    Parking features
    On Street, Offsite
    Standard status
    Active
    Size
    3,096 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4920

    Utilities

    Utilities
    Cable Available
    Heating system
    Oil
    Water source
    Public

    Building Details

    Year built
    1834
    Floors in Building
    3
    Number of units
    4
    Building materials
    Aluminum Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Zach Hawkins

    Listing agent Zach Hawkins

    Listing office Badger Peabody & Smith Realty/Littleton 11 Riverglen Lane, Franconia, NH

    Listing date Mar 24, 2026

    MLS# 5080478 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑unit multi‑family property built in 1834
    • Metal roof and aluminum siding
    • Oil heat with a new boiler (high‑efficiency)
    • Professional lead remediation completed
    • Public water; cable available
    • Parking includes on‑street and offsite options

    Overview

    This turnkey 4-unit multi-family property is configured as a quadplex at 23–25 Bunker Hill Street in Lancaster. The building has undergone major updates, including a new high-efficiency boiler and a metal roof. Several units have been refreshed with new paint and updated interior finishes to support clean, move-in-ready living spaces. Professional lead remediation has also been completed, adding an added layer of safety for occupants.

    The property is located in Lancaster, NH, in C-COMM zoning. With its established residential income structure and updated components, it offers a straightforward option for buyers seeking a small, multi-unit asset rather than a ground-up development.

    For investors, this property provides an already-improved framework for operating multiple rental units under one roof. For owner-occupants interested in “house-hacking,” the updated condition and completed remediation can reduce pre-ownership work. As with any multi-family acquisition, prospective buyers should review leases, unit mix, and operating details directly during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.5680837
    Latitude
    44.4894807

    Nearby Similar for Sale

    • $905,000
      10,327 SF

      Mixed-Use Portfolio with Income

      Portfolio includes rent-ready mixed-use and residential buildings with multiple unit configurations and public utilities.
      98 Main Street, Lancaster, NH 03584
      View Details
    • $179,000
      2,379 SF

      Two-Family Residence With Conversion Potential

      Two-story property configured as a spacious two-family home with completed structural work and conversion options.
      59 Depot Street, Lancaster, NH 03584
      View Details
    • $357,000
      3,981 SF

      Mixed-Use Building: Income Potential

      Versatile mixed-use property with commercial and residential income streams.
      12 Middle Street, Lancaster, NH 03584
      View Details
    • $357,000

      Lancaster Mixed-Use Income Property

      Mixed-use building with commercial space and residential apartments.
      12 Middle Street, Lancaster, NH 03584
      View Details
    • $905,000
      5,829 SF

      Cash-Flowing Mixed-Use Portfolio

      Two buildings with solid income and significant upside potential.
      98 Main St, Lancaster, NH 03584
      View Details
    • $357,000

      Investment

      12 Middle St, Lancaster, NH 03584
      View Details
    • $179,000
      3,705 SF

      Two-Family Residence with Renovation

      Two-story duplex with partial improvements and scheduled first-floor vacancy, offering a path to finish or reconfigure.
      59 Depot Street, Lancaster, NH 03584
      View Details
    • $379,900

      Updated Lancaster Four-Unit Multifamily Property

      Turn-key investment near Main Street with modern upgrades and strong potential.
      23-25 Bunker Hill St, Lancaster, NH 03584
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four fully updated units with recent mechanical and exterior improvements, ready for ownership with completed lead remediation.
    Where is this quadplex located?
    The property is located at 23-25 Bunker Hill Street Lancaster, NH.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: 4‑unit multi‑family property built in 1834; Metal roof and aluminum siding; Oil heat with a new boiler (high‑efficiency)
    (603) 444-1294
    We can help!
    Listing Contact
    Zach Hawkins
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23-25 Bunker Hill Street, Lancaster, NH 03584
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!