10 Lee Road

Closed 10/23/25

Sold

Last Sold Price

$2,350,000

12,149 sqft$193/sqft

10 Lee Rd, Madbury, NH 03823

Multi FamilyProperty Type

36.43 acresLot Size

1880Year Built

$193/sq ftPrice per sq ft

Description

10 Lee Road contains three 2-story multi-family buildings and contains ten residential units comprised of four 2-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units and four 4-Bedroom/1-Bathroom units. The large units with ample bedrooms are perfect for UNH students living off campus or recent graduates. There are currently multiple units occupied by UNH students. The Property features ample on-site parking with thirty-seven spaces and has an on-site laundry facility. Each unit is separately...10 Lee Road contains three 2-story multi-family buildings and contains ten residential units comprised of four 2-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units and four 4-Bedroom/1-Bathroom units. The large units with ample bedrooms are perfect for UNH students living off campus or recent graduates. There are currently multiple units occupied by UNH students. The Property features ample on-site parking with thirty-seven spaces and has an on-site laundry facility. Each unit is separately metered for electricity which the Tenants pay directly. The Tenants are responsible for electric heat and hot water in units 5 through 10. The Landlord is responsible for common area electric, oil-fired heat and hot water in units 1 through 4, and maintaining private well and septic. The Property offers a value-add component through the redevelopment of the existing two-unit dwelling at the rear of the Property. The building currently houses two units and has been approved for the redevelopment of the building to accommodate an eleven unit multi-family building, increasing the unit count by nine residential units.

Sold By Horvath & Tremblay LLC

Listed by: William Peck • Horvath & Tremblay LLC

Listing closed: 10/23/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5041055

Recent comparable sales

Median sold price

$910,000

Avg days on market

Sale-to-list ratio

93.1%

$535,000

Sold 06/14/26

Unavailable
Bedrooms: 2
Bathrooms: 2,574
Square Feet: 90
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174 Littleworth Road, Madbury, NH 03823

1/59

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Sold 09/01/26

5
Bedrooms: 4
Bathrooms: 3,230
Square Feet: 2.76
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330 Knox Marsh Road, Madbury, NH 03823

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$2,100,000

Sold 04/10/26

5
Bedrooms: 4
Bathrooms: 5,643
Square Feet: 12.5
Acres

7 Fancy Hill, Madbury, NH 03823

1/61

$2,000,000

Sold 06/06/25

6
Bedrooms: 7
Bathrooms: 7,400
Square Feet: 2.36
Acres

9 Hoyt Pond Road, Madbury, NH 03823

$190,000

Sold 09/30/25

2
Bedrooms: 2
Bathrooms: 1,498
Square Feet: 1.03
Acres

22 Town Hall Road, Madbury, NH 03823

$772,000

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Bedrooms: 3
Bathrooms: 3,427
Square Feet: 2
Acres

43 Evans Road, Madbury, NH 03823

1/61

$1,238,000

Sold 07/11/26

5
Bedrooms: 4
Bathrooms: 2,992
Square Feet: 2.22
Acres

118 Perkins Road, Madbury, NH 03823

1/52

$275,000

Sold 08/14/26

3
Bedrooms: 1
Bathrooms: 880
Square Feet: 11.99
Acres

7-9 Mill Hill Road, Madbury, NH 03823

1/56

$1,455,000

Sold 10/28/24

4
Bedrooms: 5
Bathrooms: 5,569
Square Feet: 0.96
Acres

1 Cole Circle, Madbury, NH 03823

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$14,302 per month

30 year fixed, 6.55% Interest

Principal and Interest

$11,945

Property Taxes

$2,357

HOA Dues

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Property Information for 10 Lee Road

Property Details

Taxes: $28,289 / year
MLS Type: Multi Family
County: Strafford County
Zoning: RA

Building Information

Stories: 2
Residences: 10
Year Built: 1880
Lot Size: 36.43 AC / 1,586,890 SF

Summary

Location and General Information

City: Madbury
County: NH-Strafford

Latitude: 43.165445000001000
Longitude: -70.937375000000003
Road Frontage: TBD
Seasonal: No
State: NH
Street Designation: Road
Map: 000008
Zip Code: 03823

Taxes and HOA Information

Tax Year: 2024
Taxes TBD: No

Parking

Garage: No
Driveway: Other

Property

Lot Information

Block: 0
Lot: 000009

Lot Features: Other
Lot Size Acres: 36.43
Total Finished Area: 12149.0
Above Grade Finished Area: 12149.0
Above Grade Finished Area Source: Assessor
Above Grade Unfinished Area: 5581.0
AboveGradeUnfinishedAreaSource: Assessor
Below Grade Finished Area: 0.0
Below Grade Unfinished Area: 5921.0
BelowGradeUnfinishedAreaSource: Assessor
Lot Size Square Feet: 1586891.0
Total Area: 23651.0

Property and Assessments

Property Class: Multi-Family
Flood Zone: No

PreConstruction: No
Surveyed: Unknown
Year Built: 1880

Utilities

Electric: Circuit Breaker(s)
Sewer: Septic

Water Source: On-Site Well Exists
Utilities: Phone
Internet: Unknown

Interior and Exterior Features

Exterior Features

Construction Materials: Vinyl Siding
Roof: Asphalt Shingle

Interior Features

Basement: Yes
Basement Access Type: Walkout

Basement Description: Unfinished
Heating: Oil, Electric
Cooling: Other
Total Stories: 2

Multi Family

Income & Expenses Information

Gross Income: $272,183.00
Net Income: $181,696.00

Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Sewer, Snow Removal, Trash, Utilities, Water
Operating Expense: $90,487

Multi-Family Information

Total Units: 10
Total 1 BR Units: 0

Total 2 BR Units: 4
Total 3+ BR Units: 6

Property History for 10 Lee Road

Date	Event & Source	Price	Appreciation
Oct 23, 2025	Sold New England Real Estate Network #5041055	$2,350,000	—
Sep 23, 2025	Sold (Public Record) Public Record #1914959310	$2,350,000	+17.6% / yr
Jun 5, 2025	Pending New England Real Estate Network #5041055		—
May 15, 2025	Listed (Active) New England Real Estate Network #5041055	$2,300,000	—
Oct 4, 2024	Sold (Public Record) Public Record #1542586123	$2,007,533	-9.2% / yr
Jun 1, 2024	Expired New England Real Estate Network #4946238		—
Jun 27, 2023	Withdrawn New England Real Estate Network #4946238		—
Mar 21, 2023	Listed (Active) New England Real Estate Network #4946238	$3,000,000	—
Feb 6, 2012	Sold (Public Record) Public Record #323878004	$6,775,000	-20.1% / yr
Mar 30, 2007	Sold (Public Record) Public Record #285597320	$20,154,067	—

Date	Event & Source	Price
10/23/2025	Sold New England Real Estate Network #5041055	$2,350,000
09/23/2025	Sold (Public Record) Public Record #1914959310	$2,350,000 +17.6% / yr
06/05/2025	Pending New England Real Estate Network #5041055	—
05/15/2025	Listed (Active) New England Real Estate Network #5041055	$2,300,000
10/04/2024	Sold (Public Record) Public Record #1542586123	$2,007,533 -9.2% / yr
06/01/2024	Expired New England Real Estate Network #4946238	—
06/27/2023	Withdrawn New England Real Estate Network #4946238	—
03/21/2023	Listed (Active) New England Real Estate Network #4946238	$3,000,000
02/06/2012	Sold (Public Record) Public Record #323878004	$6,775,000 -20.1% / yr
03/30/2007	Sold (Public Record) Public Record #285597320	$20,154,067

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10 Lee Road

Taxable ValueLand$309,495Additions$1,808,300Total$2,117,795

Tax Record2025$37,993 ($3,166 / month)

Home Facts

Baths1Total Finished SqFt4,553 SqFtAbove Grade Finished SqFt4,553 SqFtStories2Lot Size1,586,891 SqFtStyleMiscellaneous CommercialYear Built1880Year Renovated1880ZoningRA RECountySTRAFFORDAPNMADB M:00008 B:000009 L:000000

Schools near 10 Lee Road

This home is within Oyster River Coop School District.


Rating	School	Type	Grades	Distance
7/10	Moharimet School	Public - Serves this home	K to 4	0.3 mi
8/10	Oyster River Middle School	Public - Serves this home	5 to 8	1.9 mi
10/10	Oyster River High School	Public - Serves this home	9 to 12	1.9 mi


Rating	School	Distance
7/10	Moharimet School PublicK to 4 Serves this home	0.3 mi
8/10	Oyster River Middle School Public5 to 8 Serves this home	1.9 mi
10/10	Oyster River High School Public9 to 12 Serves this home	1.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 10 Lee Road, Madbury, NH 03823	$2,350,000	–	–	12,149	1,586,890
Lot 5-2 Highway 155, Madbury, NH 03823	$110,000	–	–	–	108,028
186 Madbury Road, Madbury, NH 03823	–	–	–	–	16,117
181 Madbury Road, Madbury, NH 03823	–	3	3	3,048	179,467
14 Lee Road, Madbury, NH 03823	$439,000	4	4	4,035	46,609
339 Knox Marsh Road, Madbury, NH 03823	$390,000	4	3	3,457	879,912
178 Madbury Road, Madbury, NH 03823	–	–	3.5	2,782	43,560
2 Tasker Lane, Madbury, NH 03823	–	3	2.5	3,321	41,382
6 Tasker Lane, Madbury, NH 03823	$399,300	4	2.5	3,374	47,916
4 Tasker Lane, Madbury, NH 03823	$562,000	4	3	3,857	50,529
337 Knox Marsh Road, Madbury, NH 03823	–	3	1.5	2,716	65,776
173 Madbury Road, Madbury, NH 03823	$1,750,000	1	1	4,685	444,311
38 Cherry Lane, Madbury, NH 03823	–	–	–	–	94,961
5 Tasker Lane, Madbury, NH 03823	$521,000	4	2.5	3,918	48,787
3 Tasker Lane, Madbury, NH 03823	$640,000	4	3.5	4,322	92,783
Lot 1 Tasker Lane, Madbury, NH 03823	$379,900	4	3	2,521	113,691

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay LLC

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 09/01/2026 08:24 PM

Madbury, NH

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