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409 The HillPortsmouth, NH 03801MLS Number 5035853

  • Price: $5,350,000
  • Est. Mortgage of $/month
  • 44 Days on Market
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Federal 30-year interest rate: 6.86% last updated on May 22, 2025
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Pending
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  • 10Bathrooms
Own a premier, turnkey boutique hotel in the heart of downtown Portsmouth, NH. The Inn Downtown is a beautifully restored, 10-unit apart-hotel offering a seamless blend of classic New England charm and modern, urban living. Steps from Market Square and the city's best dining, shopping, and waterfront attractions, this stylish retreat is a proven performer in one of New England's most desirable and dynamic markets. Originally a historic multi-family built in 1809, the building was thoughtfully reimagined into a thriving boutique hotel, designed to accommodate nightly, short-term, and long-term stays. Each of the 10 unique units includes a full kitchen or kitchenette and private bath, with tasteful, timeless finishes and furnishings that create a warm and inviting atmosphere for guests. There are 4 Deluxe King Studio Apartments (400~ sqft) on the 1st floor, 4 Superior King Studio Apartments (500~ sqft) on the 2nd floor, and 2 Penthouse King Studio Apartments (600~ sqft) on the 3rd floor. The Inn Downtown has seen consistent occupancy and strong revenue, with rave guest reviews and a loyal following - inquire for historical income & expense reports. With walkability to every major downtown amenity, a short drive to the beaches, and easy access to Boston and Portland, this is not just a turnkey investment-it's a lifestyle with upside.
Listed by Sean Bakhtiari of Compass New England,LLC

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Gilman Real Estate

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Gilman Real Estate
Office: 603-772-0808
39 Front St
Exeter, NH 03833

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Tax Information

  • Tax Year2024

Building

  • Year Built1809
  • Building ConstructionClapboard Exterior
  • StyleHotel
  • Units10
  • # of 1 Bedrooms10
  • Bathroom10
  • Total Baths10
  • BasementGravel, No Tenant Access, Storage Space, Interior Access, Exterior Access
  • FoundationFieldstone

Amenities

  • PricePerSqFt1041.67

Basic Information

  • StatusPEN
  • List Price$5,350,000
  • Date Price Change04/10/2025
  • MLS Number5035853
  • MLS StatusPending

Property

  • GarageNo
  • Parking Spaces
  • Lot DescriptionLandscaped
  • Lot3
  • Square Feet5,136
  • APX Fin AG Sqft5,136
  • RoadsPublic
  • AreaNH-Rockingham

Other

  • Taxes$28,658
  • Seasonal Y/NNo
  • Date Listed04/11/2025
  • View Count8

Location

  • TownPortsmouth
  • StateNH
  • Zip03801
  • CountyRockingham
  • ZoningCD4-L1
  • Address409 The Hill
  • Flood Zone Y/NUnknown

Exterior

  • RoofShingle - Asphalt
  • Exterior ColorBlue

Utilities

  • Heat SystemForced Air, Mini Split
  • WaterPublic
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesGas - At Street
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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 May 24, 2025 9:23 PM EDT

 

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