10 Lee Rd Madbury, NH 03823
Estimated payment $14,889/month
About This Home
10 Lee Road contains three 2-story multi-family buildings and contains ten residential units comprised of four 2-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units and four 4-Bedroom/1-Bathroom units. The large units with ample bedrooms are perfect for UNH students living off campus or recent graduates. There are currently multiple units occupied by UNH students. The Property features ample on-site parking with thirty-seven spaces and has an on-site laundry facility. Each unit is separately metered for electricity which the Tenants pay directly. The Tenants are responsible for electric heat and hot water in units 5 through 10. The Landlord is responsible for common area electric, oil-fired heat and hot water in units 1 through 4, and maintaining private well and septic. 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 unit multi-family building, increasing the unit count by nine residential units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,289
Year Built
- Built in 1880
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Walk-Out Basement
Additional Features
- 36.43 Acre Lot
- Well
Listing and Financial Details
- Tax Lot 000009
- Assessor Parcel Number 000008
Community Details
Overview
- 10 Units
Building Details
- Gross Income $272,183
- Net Operating Income $181,696
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $28,289 | $969,148 | $199,048 | $770,100 |
| 2023 | $26,140 | $969,226 | $199,126 | $770,100 |
| 2022 | $24,509 | $969,880 | $199,780 | $770,100 |
| 2021 | $24,648 | $970,406 | $200,306 | $770,100 |
| 2020 | $7,907 | $970,419 | $200,319 | $770,100 |
| 2019 | $6,642 | $818,085 | $158,885 | $659,200 |
| 2018 | $24,551 | $818,907 | $159,007 | $659,900 |
| 2017 | $23,544 | $818,910 | $159,010 | $659,900 |
| 2016 | $23,417 | $819,062 | $159,162 | $659,900 |
| 2015 | $25,240 | $914,500 | $254,600 | $659,900 |
| 2014 | $21,275 | $827,816 | $176,016 | $651,800 |
| 2013 | $20,492 | $811,871 | $190,271 | $621,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Pending | -- | -- | -- |
| 05/15/2025 05/15/25 | For Sale | $2,300,000 | -- | $189 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,007,533 | None Available | |
| Warranty Deed | $2,007,533 | None Available | |
| Not Resolvable | $875,000 | -- | |
| Quit Claim Deed | $3,510,000 | -- | |
| Quit Claim Deed | $3,510,000 | -- | |
| Warranty Deed | $6,775,000 | -- | |
| Warranty Deed | $6,775,000 | -- | |
| Deed | $20,154,067 | -- | |
| Deed | $20,154,067 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,600,000 | Purchase Money Mortgage | |
| Closed | $1,600,000 | Purchase Money Mortgage | |
| Previous Owner | $712,500 | Commercial | |
| Previous Owner | $650,000 | Commercial | |
| Previous Owner | $320,800 | Commercial |
Source: PrimeMLS
MLS Number: 5041055
APN: MADB-000008-000009
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