20 Chapel Street, Portsmouth, NH 03801

Rare opportunity to own a six-unit multifamily property in the heart of downtown Portsmouth, the first of its kind to hit the market this year! The building features four one-bedroom units and two studio apartments spanning three stories, offering a blend of classic Portsmouth charm and modern updates. Three of the six units have been fully renovated, providing immediate income potential while leaving room to enhance value through additional upgrades. With five vacant units, investors have the flexibility to set market-adjusted rents and maximize returns in one of New Hampshire’s most sought-after rental markets. Low operating costs with separately metered utilities and no driveway or yard to maintain, making this an ideal easy-management investment. Situated in a prime downtown location, this property places tenants within walking distance of Portsmouth’s vibrant restaurants, shops, and waterfront. Whether you’re expanding your portfolio or executing a 1031 exchange, this property … read more …