3-5 Shady Ln - Apartments FOR SALE


Plaistow, NH 03865
$4,600,000 USD
646-577-1194
3-5 Shady Ln, Plaistow, NH for Sale
$4,600,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

3-5 Shady Ln
Plaistow, NH 03865


HIGHLIGHTS

  • Coin-operated laundry rooms
  • strong rental history.

OVERVIEW

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 with an extra finished room with closet in the basement. Recent capital improvements include replaced windows, new kitchens, and a brand new roof on #5 Shady Ln. This portfolio delivers immediate cash flow, along with significant value-add potential— current rents are more than 50% below market, and the majority of tenants 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 tenant's convenience in each building.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

20

PRICE/UNIT

$230,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,908 SF

ZONING

MDR

APN/PARCEL ID

PLSW-000030-000030,PLSW-000030-000037

ASK ABOUT THIS PROPERTY

Viktoria AlkovaCoastal Land & Commercial Group at Keller WilliamsMore Info
646-577-1194

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Viktoria AlkovaCoastal Land & Commercial Group at Keller WilliamsMore Info
646-577-1194

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.