235 Hanover
Manchester, NH 03104
Map
- – beds
- – baths
- 22,732 sqft
- ~1/2 acre lot
- $318 per sqft
- 1892 build
- – on site
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 café tenant. The building blends historic character with modern systems—individual 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 units—some with private decks. Residents enjoy shared amenities including a fitness center, laundry room, and off-hours café access. The office suites on the first floor are fully leased, and the café 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.
Last checked:
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Last updated Jun 5, 2025
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MLS# 5044768 —
The Building
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Year Built:1892
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Masonry, Steel Frame
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Architectural Style:Apartment Building, Multi-Family
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Roof:Flat, Membrane
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Foundation:Brick, Granite
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Total Stories:4+
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Total Units:38
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Approx SqFt Total:28128
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Approx SqFt Total Finished:22,732 Sqft
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Approx SqFt Finished Above Grade:22,732 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade Source:Public Records
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Approx SqFt Unfinished Below Grade:5396
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Approx SqFt Finished Building Source:Public Records
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Approx SqFt Unfinished Building Source:Public Records
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Approx SqFt Finished Above Grade Source:Public Records
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Road Frontage Type:Public Maintained Road, Public
Interior
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Basement:Yes
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Basement Description:Concrete Floor
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Basement Access Type:Interior
Location
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Directions:From I-293 take Exit 5 onto Granite St. Granite becomes Lake Ave. Take Pine St north and turn right onto Hanover. Property is located at intersection of Hanover & Union Street.
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Map:0050
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Latitude:42.990726000001004
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Longitude:-71.457668999999996
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot:0016
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Lot Features:City Lot, Corner, Level, Street Lights, Near Country Club, Near Golf Course, Near Shopping, Near Public Transportatn, Near Hospital, Near School(s)
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Lot SqFt:16,553 Sqft
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Lot Acres:0 Sqft
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Zoning:Central Business District
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Driveway:Paved
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Waterfront:No
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Water Body Access:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Taxes TBD:No
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Tax - Gross Amount:$70,899
Beds
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Total 2 Bedroom Units:3
The Listing
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Price Per SqFt:318.93
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Mini Split
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Cooling:Mini Split
Utilities
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Utilities:Cable - At Site, Gas - On-Site
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Separate Utilities:Varies
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Sewer:Public
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Electric:100 Amp, 200 Amp, Circuit Breaker(s)
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Water Source:Public
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Trash:Municipal
The Community
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Covenants:Unknown
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Easements:Unknown
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Assessment Year:2024
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Assessment Amount:3488100
Parking
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Parking:Deeded, Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/5/25
Jun 5, 2025
|
Listed / Active | PRIME_MLS | $7,250,000 |
