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    Mixed-Use Portfolio with Income Title is generated by Realmo AI

    98 Main Street, Lancaster, NH 03584

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    For Sale
    $905,000

    MULTI_FAMILY - Other - Lancaster, NH

    Property size:
    10,327 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $87/SF
    Added:
    Feb 28, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 98 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-COMM
    Bedrooms
    10
    Bathrooms
    8
    Rooms
    Bedroom 7, Bathroom 7, Bathroom 8, Basement, Bedroom 6, Bedroom 3, Bathroom 5, Bedroom 10, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 8, Bathroom 6, Bedroom 9, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4
    Parking features
    On Street, Offsite
    Standard status
    Active
    Size
    10,327 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9007

    Utilities

    Heating system
    Hot Water(Heating), Other (Heating), Oil
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    3
    Number of units
    13
    Building materials
    Aluminum Siding, Brick Exterior
    Roof type
    Flat, Tar/Gravel
    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 Feb 28, 2026

    MLS# 5077787 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

    • Portfolio includes two fully rent‑ready buildings plus an additional 4‑unit multifamily at 23‑25 Bunker Hill, Lancaster, NH
    • Larger property has six 1‑bedroom apartments and three commercial units (two with leases and one vacant)
    • Second building offers four residential units: three 1‑bedroom units and one 3‑bedroom unit; professional lead remediation completed with three units ready for leasing
    • Gross living area listed as 5,829 SF / 3,600 SF with public water and sewer
    • Year built listed as 1948 / 1834
    • Roof is flat rubber/metal; heating includes oil and forced hot water (plus other heating)

    Overview

    This for-sale portfolio includes two mixed-use buildings and a separate four-unit multifamily property. The larger mixed-use building offers six 1-bedroom apartments with one vacancy, along with three commercial units: two with leases and one vacant. The second building contains four residential units, including three 1-bedroom units and one 3-bedroom unit, and it has recently completed professional lead remediation, with three of the units ready for immediate leasing.

    The portfolio is listed under C-COMM zoning. Reported building and site details include public water and sewer, flat rubber/metal roofing, and oil/forced hot water heat. The reported years built are 1948 and 1834, and the offering lists approximately 10,327 square feet of property size on a 0.25-acre lot.

    For tenants and operators, the configuration supports a mix of residential and commercial income streams within the same ownership structure, with multiple units currently available for occupancy based on the reported vacancy and remediation status. The portfolio listing also notes that it includes a 4-unit multifamily located at 23–25 Bunker Hill, Lancaster, NH, as part of the offering.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.569819
    Latitude
    44.489639

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    FAQs

    What type of property is this?
    Mixed-use property - Portfolio includes rent-ready mixed-use and residential buildings with multiple unit configurations and public utilities.
    Where is this mixed-use property located?
    The property is located at 98 Main Street 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: Portfolio includes two fully rent‑ready buildings plus an additional 4‑unit multifamily at 23‑25 Bunker Hill, Lancaster, NH; Larger property has six 1‑bedroom apartments and three commercial units (two with leases and one vacant); Second building offers four residential units: three 1‑bedroom units and one 3‑bedroom unit; professional lead remediation completed with three units ready for leasing
    (603) 444-1294
    We can help!
    Listing Contact
    Zach Hawkins
    Request Owner's contact information
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    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.

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