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Listed by Matthew Lefebvre • Downtown Realty
$ 5,000,000
Est. payment /mo
Active
1 Pleasant ST Claremont, NH 03743
32,635 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 32,635 sqft
Price per Sqft $153
MLS Listing ID 5080037
Construction Status Existing
Year Built 1892
Annual Tax Amount $53,444
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property 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
Location
State NH
County Nh-sullivan
Area Nh-Sullivan
Zoning MU
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Unfinished
Interior
Cooling Attic Fan, None
Exterior
Utilities Available None
Roof Type Membrane
Building
Story 3
Sewer Public
Architectural Style Apartment Building, Multi-Family
Construction Status Existing
