Multi-Family for Sale: 409 The Hill #409, Portsmouth, NH 03801

10 full baths
5,136 sqft
$5,350,000
$5,350,000
409 The Hill #409, Portsmouth, NH 03801
10 full baths
5,136 sqft
$5,350,000
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Price:
$5,350,000

Type Multi-Family
Style Hotel
Baths 10 full baths
Square Feet 5,136 sqft
Year Built 1809
Taxes Paid $28,658

City Portsmouth
County Rockingham

MLS 5035853
Status Pending
DOM 15 days
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.

Lot & Building Features

Utilities Gas - At Street
Construction Clapboard Exterior
Fee $544
Cooling Wall AC Units
Heating Forced Air, Mini Split
Sewer Public
Tax Year 2024
Taxes Paid $28,658
Water Public
Basement Description Exterior Access, Storage Space, No Tenant Access, Interior Access, Gravel
Foundation Fieldstone
Lot Description Landscaped
Roof Shingle - Asphalt
Garage No

Price History of 409 The Hill, Portsmouth, NH

Date Name Price Difference
04/10/2025 Listing Price $5,350,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 409 The Hill, Portsmouth, NH

Location Map Street View
Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
603-548-6392
Listed by Compass New England, LLC, Sean Bakhtiari & Colby Coppage
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20%
0.53566355140187%
6.75%
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Monthly Taxes
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409 The Hill (MLS #5035853) is a hotel multi-family listing located in Portsmouth, NH. This property was listed on 04/10/2025 and has been priced for sale at $5,350,000.

Nearby zip codes are 03801 0000, 03854, 03870, 03904 and 03905. This property neighbors other cities such as Eliot, Hampton, Kittery, New Castle and Rye.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Compass New England, LLC

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 06/14/2025