Portsmouth apartment property sells for $1M

Doud Realty Services has bought the Edison Apartments

Published March 12, 2021 by Rich Griset

Edison Apartments in Portsmouth has sold for $1 million.

Portsmouth property management company Doud Realty Services Inc. has purchased the Edison Apartments in Portsmouth for $1 million as part of a 1031 tax-deferred exchange.

The 16-unit multifamily property is located at 219-249 Edison Ave. Clark Simpson of Cushman & Wakefield | Thalhimer Capital Markets Group handled the sale negotiations on behalf of the seller, Edison Avenue Partners LLC.