1217 Elm Street, Manchester, NH 03101
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
1217 Elm Street,Manchester, NH 03101
$10,200,000
- - Beds
- - Baths
- 40,690 sq. ft.
- Multi-family
- Active
Listed by: william peck
Office: horvath & tremblay llc.
MLS#:5066057
Source:PrimeMLS
Price summary
- Price:$10,200,000
- Price per sq. ft.:$180.61
About this home
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.
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Home facts
- Year built:1948
- Listing ID #:5066057
- Added:45 day(s) ago
- Updated:December 01, 2025 at 11:26 AM
Rooms and interior
- Living area:40,690 sq. ft.
Heating and cooling
- Cooling:Mini Split
- Heating:Electric, Mini Split
Structure and exterior
- Roof:Membrane
- Year built:1948
- Building area:40,690 sq. ft.
- Lot area:0.49 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$10,200,000
- Price per sq. ft.:$180.61
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