1. New Hampshire
  2. Plaistow
  3. 3-5 Shady Lane
$4,600,000

3-5 Shady Lane, Plaistow, NH 03865

  • 20 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1996
  • Property Lot Size Icon2.46acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

This listing courtesy of Viktoria V Alkova, KW Coastal and Lakes & Mountains Realty

This impressive property portfolio consists of three adjacent lots with four freestanding buildings, totaling 20 residential units. The well-maintained buildings at #3, #3A, and #4 each contain six units—all featuring two bedrooms, one bathroom, and separately metered utilities for both electricity and heat. #5 Shady Lane offers a standalone duplex, with both units boasting spacious two bedroom layouts and an additional finished room w/closet in the basement. Recent capital improvements include replaced windows, new kitchens, and a brand new roof on Building #5. This portfolio delivers immediate cash flow, along with significant value-add potential—current rents are more than 50% below market, and the majority of leases are month-to-month, providing flexibility for future repositioning. With its strong rental history, solid maintenance, and prime location, this is an outstanding opportunity for investors seeking a turnkey multifamily asset with substantial upside. Coin-operated laundry rooms for user convenience.

Listing Status:
Active
Date Added:
July 1, 2025 at 05:00AM
Listing Office:
KW Coastal and Lakes & Mountains Realty : 603-610-8500
Listing Agent:
Viktoria V Alkova : 646-577-1194
MLS ID:
5049479
  • Basement: FinishedUnfinished
  • Flooring: CarpetTileVinyl PlankWood
  • A/C: None
  • Heating: PropaneHot WaterIndividual
  • General: Natural ShadeOutbuildingPatio
  • Style: Apartment BuildingGardenMulti-Family
  • Parking: AssignedOn-SiteOtherPavedParking Spaces 21+Visitor
  • Roofing: Asphalt ShingleWood
  • General: Wood FrameVinyl ExteriorWood ExteriorBelow Frost Line
  • Road/Access: PavedPublic
  • HOA Amenities: Coin Laundry
  • School District: Timberlane Regional
  • County: Rockingham
  • Driveway: Paved
  • Zoning: MDR
  • Current Use: None
  • Utilities: Cable
  • Water: Private
  • Sewer: Septic

This listing courtesy of Viktoria V Alkova, KW Coastal and Lakes & Mountains Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pollard Elementary School

120 Main St, Plaistow, NH, 03865

Grades PK-5

1.20 miles away

T

Timberlane Regional Middle School

44 Greenough Rd, Plaistow, NH, 03865

Grades 6-8

0.82 miles away

T

Timberlane Regional High School

36 Greenough Rd, Plaistow, NH, 03865

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.