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278 State St 17 Unit Apartment Building $5,400,000 ($317,647/Unit) Portsmouth, NH 03801
Investment Highlights
- Prime location in downtown Portsmouth within the historic State Street corridor, one of the city’s most vibrant and walkable districts.
- Surrounded by high-end dining, boutique shopping, cultural venues, and waterfront attractions, all within walking distance.
Executive Summary
Prime multifamily investment opportunity located in the heart of downtown Portsmouth's historic State Street corridor, one of the city's most desirable and walkable districts. The property is being offered for $5,400,000 and consists of a 17-unit apartment building situated within walking distance of Portsmouth's renowned restaurants, boutiques, cultural attractions, and waterfront amenities.
Property Facts
| Price | $5,400,000 | Building Class | B |
| Price Per Unit | $317,647 | Lot Size | 0.17 AC |
| Sale Type | Investment | Construction Status | Final Planning |
| No. Units | 17 | Building Size | 11,156 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2028 |
| Apartment Style | Mid-Rise | ||
| Zoning | MF - Apartments | ||
| Price | $5,400,000 |
| Price Per Unit | $317,647 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Construction Status | Final Planning |
| Building Size | 11,156 SF |
| No. Stories | 4 |
| Year Built | 2028 |
| Zoning | MF - Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $471,000 | |
| Land Assessment | $2,981,200 | Total Assessment | $3,452,200 |
Property Taxes
Parcel Numbers
Land Assessment
$2,981,200
Improvements Assessment
$471,000
Total Assessment
$3,452,200
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Contact the Sale Advisor
278 State St