$10,200,000

1217 Elm Street, Manchester, NH 03101

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon0.49acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of William Peck, Horvath & Tremblay LLC

Signature on Elm contains a total of 43 units, consisting of 8 commercial suites and 35 residential units comprised of (17) 2-Bed/1-Bath units, (13) 1-Bed/1-Bath units, and 5 Studio units. Signature on Elm has undergone a gut renovation, which includes additions of an elevator and mailroom, all apartments, common areas, and exterior. The luxury units feature modern kitchens, dishwashers, in-unit washer and dryer, mini-splits for heating and cooling, vinyl flooring, and new appliances. The redevelopment of the property has added a high end, modern look. The Property also features a low-maintenance brick exterior and twenty-two (22) on-site parking spaces. Each unit is individually metered for electric hot water, electric heating and cooling, and electricity, all of which are paid for by the tenant. The Landlord is responsible for paying common area electric and public water and sewer. In-place rents are below the current market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply constrained residential market. Value add opportunity also exists through the lease up of vacant retail spaces. The assessed value of the property is frozen through Fiscal Year 2028 in accordance with RSA 79-E covenants recorded on 2/23/2022. The RSA 79-E covenant calls for Affordable Housing for 15 units restricted for tenants at or below 80% of Area Medium Income, which is in place until Fiscal Year 2028.

Listing Status:
Active
Date Added:
October 16, 2025 at 05:00AM
Listing Office:
Horvath & Tremblay LLC : 781-776-4000
Listing Agent:
William Peck : 603-218-1857
MLS ID:
5066057
  • Basement: Other
  • A/C: Mini Split
  • Heating: ElectricMini Split
  • Style: Conversion
  • Roofing: Membrane
  • General: Brick ExteriorOther
  • Road/Access: Public
  • County: Hillsborou
  • Driveway: Other
  • Zoning: CBD
  • Utilities: Other
  • Water: Public
  • Sewer: Public

This listing courtesy of William Peck, Horvath & Tremblay LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

B

Beech Street School

333 Beech St, Manchester, NH, 03103

Grades KG-5

0.88 miles away

M

Middle School at Parkside

75 Parkside Ave, Manchester, NH, 03102

Grades 5-8

0.98 miles away

M

Manchester Central High School

535 Beech St, Manchester, NH, 03104

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.