Duplex With Adjacent
For Sale
$425,000
18-20 Maple Street, Nashua, NH 03064
Multi-Family, Nashua, NH
Property Size2,604 SF
Lot Size0.03 Acres
Price / SF$163.21
Days on Market232
Property Features for 18-20 Maple Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
D1MU
Bedrooms
7
Rooms
Basement, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5
Lot features
City Lot
Directions
Main Street to East Hollis to left on Maple.
Standard status
Active
Size
2,604 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7139
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
2
Building materials
Aluminum
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 Cardinal · Century 21 Real Estate
(603) 889-3233
Listed By:
Rick Cardinal
(603) 889-3233
Added: Jan 1
Changed: Aug 20
Last Checked: Aug 21 at 3:06AM
MLS# 5072872
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,604 square feet on a 0.03-acre lot and dates to 1880. The property has aluminum construction, a shingle roof, natural gas heat, public water service, and a basement. Seven bedrooms are identified across the recorded room details, and new flooring has been installed in one unit. The property is being sold as-is.
Located near downtown shopping and dining, the property also offers convenient access to the highway. A parking lot is adjacent to the property, providing nearby parking for residents and visitors. D1MU zoning is listed for the site.
Located near downtown shopping and dining, the property also offers convenient access to the highway. A parking lot is adjacent to the property, providing nearby parking for residents and visitors. D1MU zoning is listed for the site.
Key Highlights
- Duplex with 2,604 square feet of building area
- 0.03‑acre lot with an adjacent parking lot
- Seven bedrooms identified in the room details
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,820
$764.8K
Cap Rate 7%
$546,300
$546.3K
Cap Rate 9%
$424,900
$424.9K
Market Conditions
NOI Build-Up for 2,604 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.8K $22.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$54.6K $20.98/SF
− OpEx
−$16.4K −$6.29/SF
NOI
$38.2K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,820
Cap Rate 7%
$546,300
Cap Rate 9%
$424,900
Alternative Uses
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$506.1K
$442.9K – $590.5K
NOI $35,430 @ 7.0% cap · market cap 8.34%
Theoretical Best
Specialty Retail
$4.77M
$4.17M – $5.57M
NOI $333,963 @ 7.0% cap · market cap 78.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 03064, NH
15,069
Population
6,671
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,675
Density / Sq Mi
$91,528
Median Household Income
$48,412
Median Earnings
$1,439
Median Rent
$382,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property near downtown shopping, dining, and highway access with parking next to the property.
Where is this duplex located?
The property is located at 18-20 Maple Street Nashua, NH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex with 2,604 square feet of building area; 0.03‑acre lot with an adjacent parking lot; Seven bedrooms identified in the room details
