Six-Building Apartment
For Sale
Contact for pricing
3548 Lafayette Rd, Portsmouth, NH 03801
Existing 39-unit community with approvals for two additional buildings and 36 more apartments.
Property Size35,579 SF
Days on Market63
Property Features for 3548 Lafayette Rd
General Information
Standard status
Active
Size
35,579 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
39
Amenities
Existing Cash Flow 39 recently renovated apartment units generating immediate income with stable in-place operations and day one cash flow.
Approved Expansion Opportunity Fully approved plans for 36 additional units with site infrastructure already in place, reducing development risk, construction timelines, and future capital costs.
Recent Capital Improvements All six buildings were fully renovated in 2023 with new electrical, plumbing, fire suppression, interiors, appliances, and mini-split HVAC systems.
Building Details
Building Size
35,579 SF
Buildings
6
Units
39
Listed By:
Tanner Proper · License #License(s): MA: 9630971-RE-S, NH: 085068
(617) 896-7208
Source:
Marcusmillichap
Added: Jul 3
Changed: Sep 2
Last Checked: Sep 1 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tanner Proper
Investment Insights
Based on property information with market context.
Monarch Village is a six-building apartment property at 3548 Lafayette Road in Portsmouth, New Hampshire. The existing asset contains 39 apartment units and has benefited from recent capital improvements.
The property also includes approval for two new apartment buildings comprising 36 additional units. Utilities and parking are already in place for the planned expansion, supporting a combined 75-unit multifamily community once the approved development is completed. The offering combines an operating apartment asset with a defined on-site expansion plan.
The property also includes approval for two new apartment buildings comprising 36 additional units. Utilities and parking are already in place for the planned expansion, supporting a combined 75-unit multifamily community once the approved development is completed. The offering combines an operating apartment asset with a defined on-site expansion plan.
Key Highlights
- Six‑building apartment portfolio at 3548 Lafayette Road, Portsmouth, NH 03801
- 39 existing apartment units
- Approved development for two additional apartment buildings totaling 36 units
Property Analytics
Property Profile
Current Use
Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 03801, NH
22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Existing 39-unit community with approvals for two additional buildings and 36 more apartments.
Where is this apartment building located?
The property is located at 3548 Lafayette Rd Portsmouth, NH.
What are key features of this property?
This property features: Six‑building apartment portfolio at 3548 Lafayette Road, Portsmouth, NH 03801; 39 existing apartment units; Approved development for two additional apartment buildings totaling 36 units
