Peck of Horvath & Tremblay brokers the sale of 51 beds of student housing in Durham, NH for $6.875 million

Durham, NH William Peck of Horvath & Tremblay has arranged the sale of The Compounds, an 18-unit, 51-bed multi-family property. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6.875 million and $134,804 per bed. 

Known as “The Compounds” to University of New Hampshire (UNH) students, the off-campus student housing buildings located at 30 and 32 Madbury Rd. contain 51 total beds, spread across 18 units. 30 Madbury Rd. has six units with 17 total beds, comprised of five  three-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. 32 Madbury Rd. has 12 units with 34 total beds, comprised of eight three-bedroom/one-bathroom units, three two-bedroom/one-bathroom units, and one four-bedroom/one-bathroom units. The property has 18,335 s/f of gross living area and 24,467 s/f of gross area, situated upon a 1.1-acre parcel and offers ample parking with 42 off-street spaces via two large parking lots directly next to the property. 

The property is ideally situated in downtown, just steps from the UNH campus. This prime student housing location offers exceptional walkability to academic buildings, dining, shopping, and entertainment options along Main St. The property benefits from strong visibility and steady pedestrian traffic, making it highly attractive to the student population. Convenient access to U.S. Rte. 4 provides efficient regional connectivity to Portsmouth, Dover, and the Greater Seacoast area, while nearby public transit options further enhance accessibility for residents. The property’s central location, proximity to campus, and surrounding student-focused amenities support high occupancy and sustained rental demand year-round. Additionally, The Compounds are just 15 minutes from the beaches of the New Hampshire Seacoast, less than an hour’s drive to the White Mountains for hiking and skiing, and quick train or highway access to Portsmouth’s acclaimed dining, music, and art scenes. This blend of easy access to nature, lively campus life, and New England charm make Durham a highly desirable area.