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$2,350,000
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Property Description
10 Lee Road contains three 2-story multi-family buildings and contains ten residential units comprised of four 2-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units and four 4-Bedroom/1-Bathroom units. The large units with ample bedrooms are perfect for UNH students living off campus or recent graduates. There are currently multiple units occupied by UNH students. The Property features ample on-site parking with thirty-seven spaces and has an on-site laundry facility. Each unit is separately metered for electricity which the Tenants pay directly. The Tenants are responsible for electric heat and hot water in units 5 through 10. The Landlord is responsible for common area electric, oil-fired heat and hot water in units 1 through 4, and maintaining private well and septic. The Property offers a value-add component through the redevelopment of the existing two-unit dwelling at the rear of the Property. The building currently houses two units and has been approved for the redevelopment of the building to accommodate an eleven unit multi-family building, increasing the unit count by nine residential units.
Full Property Details
Full Property Details for 10 Lee Rd
General
- Sold For: $2,350,000
- Taxes: $28,289 (2024)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5041055
- Added to Site: 247 day(s) ago
Location
- County: Strafford
Heating & Cooling
- Cooling Type: Other
- Heating Type: Oil, Electric
Utilities
- Sewer: Septic
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Walkout
- Basement Desc.: Unfinished
- Roof: Shingle - Asphalt
- Stories/Levels: 2
- Finished Total: 12,149 Sq. Ft.
- Finished Above Grnd: 12,149 Sq. Ft.
- Year Built: 1880
Unit Information
- 2 Bedroom Units: 4
- 3 Bedroom Units: 6
Lot Features
- Lot Size (Acres): 36.43
- Lot Size (Sq. Ft.): 1,586,891
- Frontage: TBD
- Driveway/Sidewalk: Other
- Zoning: RA
Financial Considerations
- Price Per Sq. Ft.: $189.32
- Tax Amount: $28,289
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 9
Listed by Horvath & Tremblay LLC, William Peck
Sold by Horvath & Tremblay LLC, William. Peck
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Schools
Schools serving 10 Lee Rd
School District:Oyster River Cooperative School District
| Name | Grades | Distance |
|---|---|---|
Moharimet School 11 Lee Road, Madbury, NH 03823 | K-4 | 0.3 mi |
Oyster River Middle School 1 Coe Drive, Durham, NH 03824 | 5-8 | 2 mi |
Oyster River High School 55 Coe Drive, Durham, NH 03824 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10 Lee Rd
Date
Details
Price
Change
Source
10/23/2025
Sold
$2,350,000
2.17%
MLS
5/15/2025
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10 Lee Road, Madbury, NH 03823 (MLS# 5041055) is a Multi-Family property that was sold at $2,350,000 on October 23, 2025. Want to learn more about 10 Lee Road? Do you have questions about finding other Multi-Family real estate for sale in Madbury? You can browse all Madbury real estate or contact a Coldwell Banker agent to request more information.

