September 23, 2025 – William Peck of Horvath & Tremblay has arranged the sale of a 10-unit multi-family property in Madbury, New Hampshire. Peck exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,350,000.
The multi-family property is located at 10 Lee Road in Madbury, New Hampshire. The Property is improved by three (3) two-story multi-family buildings and contains ten (10) residential units comprised of four (4), 2-Bedroom/1-Bathroom units, two (2), 3-Bedroom/1-Bathroom units and four (4), 4-Bedroom/1-Bathroom units with 12,149 square feet of living area in 23,651 total gross square feet on a large 36.43-acre parcel of land. The Property features ample on-site parking with thirty-seven (37) spaces and has an on-site laundry facility. The Property offers a value-add component through the redevelopment of the existing two-unit dwelling at the rear of the Property. The building currently houses two units and has been approved for the redevelopment of the building to accommodate an eleven (11) unit multi-family building, increasing the unit count by nine (9) residential units. The Property is located along a tree-lined street in a quiet rural neighborhood in the center of Madbury. The Property is positioned at the intersection of Lee Road (NH Route 155) and Madbury Road and offers outstanding access to the University of New Hampshire (2 miles) and Downtown Dover (4.5 miles). The Property enjoys convenient access to area schools, and numerous parks and recreation areas in Madbury, as well as to shopping, restaurants, Wentworth-Douglass Hospital, and area employers in Dover. Additionally, the Property is convenient to US Route 4 and NH Routes 9, 16 (Spaulding Turnpike), and 108. Madbury is positioned between Dover and Durham, and offers convenient access to Boston, approximately 65 miles to the south.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. 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.