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Listed by Kent White • The Boulos Company
$ 2,050,000
Est. payment /mo
Under Contract
140 Madbury RD Durham, NH 03824
6,300 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $325
MLS Listing ID 5074759
Construction Status Existing
Year Built 1979
Tax Year 2026
Lot Size 0.930 Acres
Acres 0.93
Property Description
140 Madbury Road along with two abutting vacant lots are part of a student housing portfolio consisting of three distinct student-housing investment opportunities. Each property is available individually or as part of the portfolio. Each property features a diverse unit mix, ranging from studios to four-bedroom apartments, meeting the wide variety of preferences within the UNH student housing market. Whether students are seeking a convenient location within walking distance of campus or a quieter setting away from downtown activity, the Properties offer strong appeal. All properties provide onsite parking (available for an additional fee) and onsite laundry. With a long track record of near-100% occupancy, consistent pre-leasing, and average rent growth of approximately 2.4% annually over the past six years, the Properties are well-positioned to continue serving UNH students for years to come. The other properties in the portfolio are 260 & 262 Mast Road MLS#5074763 and 10-14 Strafford Avenue MLS#5074767.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning RB
Interior
Cooling None
Exterior
Utilities Available Cable Available, Phone
Roof Type Asphalt Shingle
Building
Story 1
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
Nearby Locations
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