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Listed by Matthew Lefebvre of 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 caf tenant. The building blends historic character with modern systemsindividual 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 unitssome with private decks. Residents enjoy shared amenities including a fitness center, laundry room, and off-hours caf access. The office suites on the first floor are fully leased, and the caf 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.

More Info

Tax Information

  • Tax Year2024

Building

  • Year Built1892
  • Building ConstructionMasonry, Steel Frame
  • StyleApartment Building, Multi-Family
  • Units38
  • # of 1 Bedrooms4
  • # of 2 Bedrooms3
  • BasementConcrete Floor
  • FoundationBrick, Granite

Amenities

  • PricePerSqFt318.93

Water Body

  • Water AccessNo

Other

  • Taxes$70,899
  • Seasonal Y/NNo
  • TrashMunicipal
  • Date Listed06/05/2025

Basic Information

  • StatusACT
  • List Price$7,250,000
  • Date Price Change06/05/2025
  • MLS Number5044768
  • MLS StatusActive

Property

  • Acreage0.38
  • GarageNo
  • Parking Spaces
  • Lot Description
    • City Lot
    • Corner
    • Level
    • Near Country Club
    • Near Golf Course
    • Near Hospital
    • Near Public Transportatn
    • Near School(s)
    • Near Shopping
    • Street Lights
  • Lot16
  • Square Feet22,732
  • APX Fin AG Sqft22,732
  • RoadsPublic, Public Maintained Road
  • AreaNH-Hillsborough

Location

  • TownManchester
  • StateNH
  • Zip03104
  • CountyHillsborough
  • ZoningCentral Business District
  • Address235 Hanover Street
  • Flood Zone Y/NNo

Exterior

  • RoofFlat, Membrane

Utilities

  • Heat SystemMini Split
  • WaterPublic
  • Electric100 Amp,200 Amp, Circuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - At Site, Gas - On-Site

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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 June 21, 2025 7:08 AM EDT

 

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