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Listed by Matthew Lefebvre • Downtown Realty
$ 7,250,000
Est. payment /mo
New
235 Hanover ST Manchester, NH 03104
22,732 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,732 sqft
Price per Sqft $318
MLS Listing ID 5044768
Construction Status Existing
Year Built 1892
Annual Tax Amount $70,899
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
Property Description
The Flats @ Hanover Commons is a distinguished ±22,732 SF four-story mixed-use brick building at the corner of Hanover and Union Street. Converted to apartments and painstakingly renovated in 2017, this stabilized asset includes 32 upscale residential units, five boutique office suites, and a long-standing café tenant. The building blends historic character with modern systems—individual high-efficiency minisplits, shared hot water, building-wide Wi-Fi, elevator access, and full sprinkler coverage. Apartments are primarily modern micro-studios, along with select 1BR and 2BR units—some with private decks. Residents enjoy shared amenities including a fitness center, laundry room, and off-hours café access. The office suites on the first floor are fully leased, and the café features a strong, established operator. The ±0.17-acre main parcel includes a patio and seating area, while a separately deeded ±0.21-acre parking lot at 269 Hanover provides 20 off-street spaces and future development potential. Positioned in the thriving Central Business District, 235 Hanover Street offers a turnkey, income-producing opportunity with stable tenancy, quality finishes, and long-term upside. Opportunity to assume low interest rate, agency debt for qualified buyers. Inquire for additional details and financials. One or more members of the ownership entity is a licensed New Hampshire real estate broker. All showings by appointment only; do not disturb on-site businesses or tenants.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Central Business District
Rooms
Basement Entrance Interior
Basement Concrete Floor
Interior
Cooling Mini Split
Exterior
Garage Description Deeded, Off Street
Utilities Available Cable - At Site, Gas - On-Site
Water Access Desc No
Roof Type Flat,Membrane
Building
Story 4+
Foundation Brick, Granite
Sewer Public
Architectural Style Apartment Building, Multi-Family
Construction Status Existing
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