Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Monarch Village, a six-building multifamily portfolio located at 3548 Lafayette Road in Portsmouth. The offering consists of 39 existing apartment units and includes a fully approved development opportunity for two additional apartment buildings totaling 36 units, creating the potential for a 75-unit multifamily community upon completion. Monarch Village represents a rare opportunity to achieve scale in an easy two-step process. First, acquire an existing multifamily asset in one of Northern New England's most supply-constrained and highly sought-after housing markets. Second, execute on preapprovals to nearly double unit count on the existing site - with utilities and parking fully in place. The combination of existing cash flow, recent capital improvements, and fully approved development upside provides investors with a unique opportunity to acquire both current income and future value creation within a single investment.