Updated Nov 12, 2026
Avise Properties Acquires 39-Unit Multifamily Property From Monarch Village LLC For $9.4M
3548 Lafayette Road
$9,400,000
Units
39
Asset Type
MultiFamily
Closing
Nov 10, 2026
About this deal
AI
The transaction involved a multifamily property located at 3548 Lafayette Road in Portsmouth, NH. The sale was completed for a total amount of $9,400,000, encompassing a 39-unit residential structure. The asset type is categorized as MultiFamily.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,400,000
- Buyer: Avise Properties
- Seller: Monarch Village LLC
- Address: 3548 Lafayette Road
- Market: Portsmouth, NH
- Number of Units: 39
- Brokers: John Craig & Tanner Proper - Marcus & Millichap
The transaction was brokered by Marcus & Millichap, representing Monarch Village LLC in the sale to Avise Properties. John Craig and Tanner Proper played a key role as the brokers facilitating this transaction.
On the Map
$9,400,000
MultiFamily
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Players
Portsmouth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93