January 31, 2025 – William Peck of Horvath & Tremblay has arranged the sale of a 5-unit multi-family property in Concord, New Hampshire. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $702,500.
The multi-family property is located at 6 Blake Street in Concord, New Hampshire. The Property is improved by a three-story building with five (5) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 4,173 square feet of gross living area in 6,638 square feet of total gross area on 0.06-acres of land. The Property features one (1) off-street parking space. The in place residential rents are below market, the opportunity exists to increase rents to market rates via programmatic updates to the unrenovated residential units in a highly sought after and supply constrained urban infill residential market. The Property is positioned along Blake Street and is seconds from Main Street (US Route 3), one of the area’s primary commercial and commuter corridors. The Property provides convenient access to shopping, restaurants, government buildings, schools, numerous parks and recreation areas, and area highways. The Property is 0.25-miles from a Market Basket, Burlington, and Marshalls anchored center and is also just 0.8-miles from significant commercial development along Fort Eddy Road that is home to Lowe’s, Shaw’s, Hannaford, Market Basket, Paper Store, LL Bean, Rite Aid, Planet Fitness, Petco, Staples, Eastern Mountain Sports, Books-A-Million, Five Guys, and Crumbl Cookies. The Property benefits from convenient access to public transportation with a bus stop one block away on US Route 202 and on Main Street (US Route 3). The Property is seconds from US Routes 3 and 202, and is within 1-mile of Interstates 93 and 393, and is 2.5-miles from Interstate 89. Additionally, Boston is just 65-miles south of Downtown Concord.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.