3, 4 & 5 Shady LN new Save Request In-Person Tour Request Virtual Tour
Plaistow,NH 03865
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,670 sqft
Price per Sqft $260
MLS Listing ID 5049479
Construction Status Existing
Year Built 1996
Lot Size 2.460 Acres
Acres 2.46
Property Description
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.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning MDR
Rooms
Basement Entrance Interior
Basement Finished,Unfinished
Interior
Cooling None
Flooring Carpet,Tile,Wood,Vinyl Plank
Exterior
Garage Description Assigned,On-Site,Other,Parking Spaces 21+,Paved,Visitor
Utilities Available Cable
Amenities Available Coin Laundry
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Shingle - Asphalt,Wood
Building
Story 3
Foundation Below Frost Line
Sewer Septic
Architectural Style Apartment Building,Garden,Multi-Family
Construction Status Existing
Schools
School District Timberlane Regional