10 Unit Multi-family/ Student Housing Investments

For Sale

10 Lee Rd., Madbury, NH 03823

This Madbury property for sale is located at 10 Lee Rd.. The current listed sale price for 10 Unit Multi-family/ Student Housing Investments is $2,500,000. 10 Unit Multi-family/ Student Housing Investments is situated on a lot that is 36.43 acre in size.

Contacts

broker

Dave Garvey

Keller Williams Coastal Realty

(603) 610-8523

Property Details

  • Property Type Multi-Family
  • Property Size 20,250 SF
  • Units 10
  • Lot Size 36.43 Acre
  • Parking Spaces Avail. 26
  • Property Tenancy Multi-Tenant
  • Year Built 1880
  • Year Renovated 2019
  • Date Updated Feb 26, 2024
Located in the center of Madbury, at the main intersection of Route 155 and Madbury Road, this is a very desirable location. With plenty of parking on site and easy walking distance to miles of trails , the elementary school and associated community ballfields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast. There are two Hannaford stores and a Market Basket within 10 minute driveThis is an existing 10 unit property that is currently used for student housing, given its location close to the University. These are large units and are the only ones in the heart of Madbury. These 2, 3 and 4 bedroom units are well positioned with separate entrances, adjacent to a community park, and on the bus route for Coast. The existing unit income, provides cash flow while potentially adding a new building for which approvals are in place. With plenty of parking on site and easy walking distance to miles of trails, the elementary school and associated community ball fields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast for student or conventional non-student housing. This invesment opportunity comes with approvals to be constructed as a single building with 11 units; consisting of 4, 3, and 2 bedroom units to be built.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Access off Route 155 and Madbury Rd. major intersection
  • Bus stop on site for transportation to Dover & Durham
  • 5 minute Drive to Durham, Dover or Lee Circle
  • Great value add opportunity !

Attachments

Getting around

  • 5/100

    Walk Score ®

  • 11/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Madbury, NH
  • Neighborhood Madbury
  • Zip Code 03823
  • Market Boston

Points of Interest

  • Durham-UNH

    1.79 miles

  • Dover

    3.74 miles

  • Irving

    2.02 miles

  • Phillips 66

    2.33 miles

  • Circle K

    2.37 miles

  • Irving

    3.06 miles

  • Shell

    3.09 miles

  • Shell

    3.28 miles

  • Citgo

    3.33 miles

  • Profile Gas

    3.47 miles

  • Irving

    3.67 miles

  • Mobil

    3.69 miles

  • Gables Lot

    1.33 miles

  • Contractor Lot

    1.35 miles

  • Mast Rd Lot 1

    1.56 miles

  • Horse Barns Lot

    1.57 miles

  • Barton-Cole Lot

    1.57 miles

  • Mast Road Lot 2

    1.61 miles

  • Lot G1

    1.62 miles

  • Lot M

    1.65 miles

  • Lot G

    1.66 miles

  • Sage Way Visitor Lot

    1.66 miles

  • Holiday Inn Express Durham - (UNH)

    2.33 miles

  • The Garrison Hotel & Suites

    2.96 miles

  • The Silver Fountain Inn

    3.34 miles

  • Days Inn

    3.96 miles

  • Residence Inn

    8.51 miles

  • Motel 6

    8.62 miles

  • Hampton Inn Portsmouth Central

    8.89 miles

  • Homewood Suites

    9.40 miles

  • Courtyard by Marriott Portsmouth

    9.94 miles

  • Hannaford

    2.15 miles

  • Hannaford

    2.25 miles

  • Market Basket

    3.61 miles

  • Dover Natural Marketplace

    3.92 miles

  • Janetos Market

    3.97 miles

  • ALDI

    4.47 miles

  • Hannaford

    4.68 miles

  • Shaw's

    4.68 miles

  • Target

    5.49 miles

  • Walmart Supercenter

    5.60 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Dave Garvey

Keller Williams Coastal Realty

(603) 610-8523