List Price: $5,000,000 | $153 per sq.ft. Multi Family A 40 Unit Multi Family Home
With 32 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Thursday Mar 19, 2026 | MLS# 5080037
With 32 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Thursday Mar 19, 2026 | MLS# 5080037
To see this Listing
Address: 1 Pleasant Street Claremont NH
Listed by Matthew Lefebvre Downtown Realty
Description:
Introducing Union Block Apartments; a distinguished three-story, 40 unit, mixed-use brick building located in the heart of downtown Claremont, situated on a ±0.31-acre urban parcel on the corner of Pleasant Street and Opera House Square. This high-performing, fully renovated asset includes 34 modern residential apartments and 6 street-level retail spaces, creating diversified revenue streams within a historic downtown setting. Under the current ownership, it once again saw a new lease on life and was again comprehensively rebuilt in 2024 where the property underwent a complete gut renovation with every unit taken to the studs and modernized. Improvements include full electrical rewiring throughout all apartments, updated plumbing and drain lines, new bathrooms and kitchens, cosmetic updates to all apartments, all brand-new metal windows constructed to historic standards, refreshed common areas with modern flooring, paint, and lighting, and the installation of a building-wide security system. Mechanical infrastructure features forced hot water distributed via baseboards, supported by two active oil-fired boilers and three additional wood pellet burner boilers offering future operational flexibility. A building-wide air exchange system enhances temperature regulation and air quality. The building is fully sprinklered for life safety and benefits from completed roof repairs and a 6,000-gallon underground oil storage system. Additional income is generated through a recently refreshed owned coin-operated laundry facility consisting of three washers and three dryers. Trash service is provided through a long-term dumpster lease for tenant convenience on the neighboring property with a lease extending through November 2035. The property does not include on-site parking, but its central downtown location supports walkability and tenant accessibility to many municipal lots and garages within just a few blocks of the building. Broker interest- financials available upon request
Annual Expenses
Taxes: $53,444
Taxes: $53,444
Income
Construction: Steel Frame | Brick Exterior
Year Built: 1892
Style: Apartment Building | Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 44188
Above Grade Sq.Ft.: 32635
Basement: Concrete Floor | Unfinished
Year Built: 1892
Style: Apartment Building | Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 44188
Above Grade Sq.Ft.: 32635
Basement: Concrete Floor | Unfinished
Exterior Color: Brick
Roof: Membrane
Seasonal: Unk
Roof: Membrane
Seasonal: Unk
Heating: Oil | Hot Water | Pellet Furnace
Cooling: Attic Fan | None
Electric: 100 Amp Service | 3 Phase | Circuit Breaker(s)
Utilities: None
Electric Meters: 41
Water: Public
Sewer: Public
Cooling: Attic Fan | None
Electric: 100 Amp Service | 3 Phase | Circuit Breaker(s)
Utilities: None
Electric Meters: 41
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.31 acres
Zoned: MU)
Surveyed: Unk
Flood Zone: Unknown
Driveway: None
City Lot
Lot size: 0.31 acres
Zoned: MU)
Surveyed: Unk
Flood Zone: Unknown
Driveway: None
Additional Information
Easement - Yes
Block - 0
Taxes $53,444
Assesed Value Not Reported
Easement - Yes
Block - 0
Taxes $53,444
Assesed Value Not Reported
Schools
