Share This Listing

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Signature on Elm 1211-1217 Elm St 43 Unit Apartment Building $10,200,000 ($237,209/Unit) 6.27% Cap Rate Manchester, NH 03101

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Downtown Location & Access to Amenities
  • Housing Demand
  • Recent Capital Improvements
  • Attractive Unit Mix
  • Scheduled Rent Increases
  • Value-Add Potential

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Signature on Elm, a mixed-use investment property located at 1217 Elm Street in Manchester, New Hampshire (the “Property”). The Property is a three-story building that contains a total of forty-three (43) units. The Property consists of eight (8) commercial suites and thirty-five (35) residential units comprised of seventeen (17), 2-Bedroom/1-Bathroom units, thirteen (13), 1-Bedroom/1-Bathroom units, and five (5) Studio units with 40,690 square feet of living/rentable area in 56,476 gross square feet on a 0.491-acre parcel. Signature on Elm has undergone a gut renovation, which includes high-quality finishes, in-unit laundry, and additions of an elevator and mailroom. 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. Centrally located in the heart of Manchester, Signature on Elm is adjacent to the intersection of Bridge Street and Elm Street (US Route 3), two of the area’s primary commercial and commuter corridors. The Property enjoys convenient access to Pulaski Park, SNHU Arena, Gill Stadium, Sheehan- Basquil Park, and is within walking distance of many of the retail amenities in Downtown Manchester. Signature on Elm is situated in an urban location in Manchester, seconds from US Route 3, which connects to Interstates 93 and 293. The area offers countless amenities, with ample dining, retail, and nightlife options.

PROPERTY FACTS

Price $10,200,000
Price Per Unit $237,209
Sale Type Investment
Cap Rate 6.27%
No. Units 43
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.49 AC
Building Size 56,476 SF
No. Stories 3
Year Built/Renovated 1946/2023
Opportunity Zone Yes

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 21 - -
2+2 14 - -
Walk Score®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MNCH-000041-000000-000007
Land Assessment
$296,100
Improvements Assessment
$1,902,900
Total Assessment
$2,199,000
  • Listing ID: 38104684

  • Date on Market: 10/16/2025

  • Last Updated:

  • Address: 1211-1217 Elm St, Manchester, NH 03101

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}