List Price: $7,250,000 | $319 per sq.ft. Multi Family A 38 Unit Multi Family Home
With 4 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Thursday Jun 5, 2025 | MLS# 5044768
235 Hanover Street Manchester NH
Listed by Matthew Lefebvre Downtown Realty
The Flats @ Hanover Commons is a distinguished ±22,732 SF four-story mixed-use brick building at the corner of Hanover and Union Street. Converted to apartments and painstakingly renovated in 2017, this stabilized asset includes 32 upscale residential units, five boutique office suites, and a long-standing café tenant. The building blends historic character with modern systems--individual high-efficiency minisplits, shared hot water, building-wide Wi-Fi, elevator access, and full sprinkler coverage. Apartments are primarily modern micro-studios, along with select 1BR and 2BR units--some with private decks. Residents enjoy shared amenities including a fitness center, laundry room, and off-hours café access. The office suites on the first floor are fully leased, and the café features a strong, established operator. The ±0.17-acre main parcel includes a patio and seating area, while a separately deeded ±0.21-acre parking lot at 269 Hanover provides 20 off-street spaces and future development potential. Positioned in the thriving Central Business District, 235 Hanover Street offers a turnkey, income-producing opportunity with stable tenancy, quality finishes, and long-term upside. Opportunity to assume low interest rate, agency debt for qualified buyers. Inquire for additional details and financials. One or more members of the ownership entity is a licensed New Hampshire real estate broker. All showings by appointment only; do not disturb on-site businesses or tenants.
Annual Expenses

Taxes: $70,899
Income
Construction: Masonry | Steel Frame
Year Built: 1892
Style: Apartment Building | Multi-Family
Floors | Stories: 4+
No. Elevators:
Total Sq.Ft. Finished: 28128
Above Grade Sq.Ft.: 22732
Basement: Concrete Floor
Roof: Flat | Membrane
Seasonal: No
Heating: Mini Split
Cooling: Mini Split
Electric: 100 Amp Service | 200+ Amp Service | Circuit Breaker(s)
Trash: Municipal
Utilities: Cable at Site | Gas On-Site
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Level | Street Lights | Near Country Club | Near Golf Course | Near Shopping | Near Public Transportatn | Near Hospital | Near School(s)
Lot size: 0.38 acres
Zoned: Central Business District)
Surveyed: Unk
Flood Zone: No
Driveway: None | Paved


Easement - Unknown
Block - 0
Taxes $70,899
Assesed Value Not Reported
Schools

© 2000-2025 Clerkin Agency Real Estate
NEREN Logo
565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
Copyright © 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 10th, 2025

PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM