$4,600,000 ($260.33 per sqft)

Pending

Est. Mortgage $22,063/mo *

Quick Pre-Approval

Listing courtesy of Viktoria Alkova, Keller Williams Coastal and Lakes & Mountains Realty 603-610-8500


3-5 Shady Lane, Plaistow, NH, 03865

3-5 Shady Lane, Plaistow, NH, 03865

0 beds

20 Full baths

1996

Apartment Building, Garden, Multi-Family

17,670 sqft

This impressive property portfolio consists of three adjacent lots with four freestanding buildings, totaling 20 residential units. The well-maintained buildings at #3, #3A, and #4 each contain six units—all featuring two bedrooms, one bathroom, and separately metered utilities for both electricity and heat. #5 Shady Lane offers a standalone duplex, with both units boasting spacious two bedroom layouts and an additional finished room w/closet in the basement. Recent capital improvements include replaced windows, new kitchens, and a brand new roof on Building #5. This portfolio delivers immediate cash flow, along with significant value-add potential—current rents are more than 50% below market, and the majority of leases are month-to-month, providing flexibility for future repositioning. With its strong rental history, solid maintenance, and prime location, this is an outstanding opportunity for investors seeking a turnkey multifamily asset with substantial upside. Coin-operated laundry rooms for user convenience.


Status:

Pending

Type:

Multi-family

Units:

20

Zoning:

MDR

Frontage:

500

Heating:

Propane, Hot Water, Individual

Cooling:

None

Basement:

Finished, Unfinished

Parking:

Assigned, On-Site, Other, Parking Spaces 21+, Paved, Visitor

Acreage:

2.46

Lot Description:

Other

Amenities:

Coin Laundry

School District:

Timberlane Regional

MLS #:

5049479


Community Info

School Info

Walk Score

Mass Transit

Yelp