Peck of Horvath & Tremblay arranges $5 million sale of 13 units

Portsmouth, NH William Peck of Horvath & Tremblay has arranged the sale of a 13-unit multi-family property. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5 million and $384,615 per unit.

The multi-family property is located at 96 Miller Ave. The three-story building contains 13 residential units comprised of eight two-bedroom/one-bathroom units, four one-bedroom/one-bathroom units, and one studio unit with 10,346 s/f of gross living area. The property is situated upon a 0.29-acre parcel and offers 15 parking spaces in the rear of the building and features an on-site laundry facility for tenants.

96 Miller Ave. is located off U.S. Rte. 1 and is 1.1 miles from the Maine border. The property sits in a primarily owner-occupied community along the Piscataqua River, 0.5 miles from downtown, arts and culture scene, and tourism-driven economy. Portsmouth Harbor is located 0.7 miles away from the property, with Rye North Beach a 10-minute car ride away, and Wallis Sands Beach 4 miles away. Additionally, Portsmouth Transportation Center is 3.3 miles away from the property, offering access to bus and shuttle service that services commuters and those trying to reach Boston Logan International Airport. Pease International Airport is 5.3 miles away from the property. The city benefits from a location near I-95, providing access to Boston, Portland, and the New Hampshire Seacoast.