10 Lee Rd.

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 10 Lee Rd., Madbury, New Hampshire, US
Created date: February 20, 2024
Date last updated: February 20, 2024
  • 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 !

Property Description

This 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 10 units; consisting of 4, 3, and 2 bedroom units to be built.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $2,500,000
No. of Units: 10
Year Built: 1880
Lot Size: 36.43 Sq ft
Opportunity Zone: No
Price per unit: $250,000
Property Website Click Here
Address: 10 Lee Rd, Madbury, NH 03823, USA
Provided by:

Similar Properties in the Area

29 Park Street

Dover , New Hampshire
Boston & New England + Apartments
Units: 4
Price: $869,000

14 South Street

Somersworth , New Hampshire
Boston & New England + Apartments
Units: 2
Price: $429,000

499 Haverhill St

Lawrence , Massachusetts
Boston & New England + Apartments
Units: 9
Price: $1,000,000
New call-to-action
popup background image