REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Sean Bakhtiari • Compass New England, LLC
$ 5,350,000
Est. payment /mo
Under Contract
409 The HL #409 Portsmouth, NH 03801
5,136 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 5,136 sqft
Price per Sqft $1,041
MLS Listing ID 5035853
Construction Status Existing
HOA Fees $544/mo
Year Built 1809
Annual Tax Amount $28,658
Tax Year 2024
Property Description
Own a premier, turnkey boutique hotel in the heart of downtown Portsmouth, NH. The Inn Downtown is a beautifully restored, 10-unit apart-hotel offering a seamless blend of classic New England charm and modern, urban living. Steps from Market Square and the city's best dining, shopping, and waterfront attractions, this stylish retreat is a proven performer in one of New England's most desirable and dynamic markets. Originally a historic multi-family built in 1809, the building was thoughtfully reimagined into a thriving boutique hotel, designed to accommodate nightly, short-term, and long-term stays. Each of the 10 unique units includes a full kitchen or kitchenette and private bath, with tasteful, timeless finishes and furnishings that create a warm and inviting atmosphere for guests. There are 4 Deluxe King Studio Apartments (400~ sqft) on the 1st floor, 4 Superior King Studio Apartments (500~ sqft) on the 2nd floor, and 2 Penthouse King Studio Apartments (600~ sqft) on the 3rd floor. The Inn Downtown has seen consistent occupancy and strong revenue, with rave guest reviews and a loyal following — inquire for historical income & expense reports. With walkability to every major downtown amenity, a short drive to the beaches, and easy access to Boston and Portland, this is not just a turnkey investment—it's a lifestyle with upside.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning CD4-L1
Rooms
Basement Entrance Interior
Basement Gravel, No Tenant Access, Storage Space, Interior Access, Exterior Access
Interior
Cooling Wall AC Units
Exterior
Utilities Available Gas - At Street
Roof Type Shingle - Asphalt
Building
Story 3
Foundation Fieldstone
Sewer Public
Architectural Style Hotel
Construction Status Existing
QUICK SEARCH