Duplex with Detached
For Sale
$525,000
29 Manchester Street, Nashua, NH 03064
MULTI_FAMILY - Other - Nashua, NH
Property Size1,810 SF
Lot Size0.13 Acres
Price / SF$290.06
Days on Market37
Property Features for 29 Manchester Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway
Lot features
City Lot
Elementary school district
Nashua School District
Middle school district
Nashua School District
High school district
Nashua School District
Directions
GPS is accurate
Standard status
Active
Size
1,810 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7580
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
basement
private backyard
laundry hookups
Building Details
Year built
1800
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Nashua · Coldwell Banker Real Estate
(603) 673-4000
Listed By:
Erin Colburn
(603) 848-9559
Added: Jul 6
Changed: Aug 10
Last Checked: Aug 11 at 9:06PM
MLS# 5098248
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.
Two-family duplex on a 0.13-acre lot built in 1800 with wood frame construction. The home is laid out with Unit 1 on the first floor, offering 2 bedrooms plus a dining room, ample kitchen space, a bright living room, and a full bathroom. Unit 2 is on the second floor with 1 bedroom, a generous living room and kitchen, a full bathroom, and convenient laundry hookups.
A full unfinished basement adds additional storage, including a cedar closet, along with laundry space for Unit 1. The exterior includes a detached 2-car garage for off-street parking and an additional dedicated parking spot for Unit 2 in the driveway. Flooring includes laminate and carpet, and the roof is shingle.
Utilities include public water and natural gas heating. The driveway and driveway parking support day-to-day convenience for both units.
A full unfinished basement adds additional storage, including a cedar closet, along with laundry space for Unit 1. The exterior includes a detached 2-car garage for off-street parking and an additional dedicated parking spot for Unit 2 in the driveway. Flooring includes laminate and carpet, and the roof is shingle.
Utilities include public water and natural gas heating. The driveway and driveway parking support day-to-day convenience for both units.
Key Highlights
- Two‑family duplex on a 0.13‑acre lot
- Unit 1: 2 bedrooms, dining room, full bathroom
- Unit 2: 1 bedroom with laundry hookups
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
$26,580
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
5.06%
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%
$531,600
$531.6K
Cap Rate 7%
$379,714
$379.7K
Cap Rate 9%
$295,333
$295.3K
Market Conditions
NOI Build-Up for 1,810 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
$40.2K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$38.0K $20.98/SF
− OpEx
−$11.4K −$6.29/SF
NOI
$26.6K $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%
$531,600
Cap Rate 7%
$379,714
Cap Rate 9%
$295,333
Alternative Uses
Best Use
Multifamily LT 5
$379.7K
$332.3K – $443.0K
NOI $26,580 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$351.8K
$307.8K – $410.5K
NOI $24,627 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$3.32M
$2.90M – $3.87M
NOI $232,133 @ 7.0% cap · market cap 44.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
997
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 - Two-family duplex with public water, natural gas heating, and an unfinished basement for added storage.
Where is this duplex located?
The property is located at 29 Manchester Street Nashua, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family duplex on a 0.13‑acre lot; Unit 1: 2 bedrooms, dining room, full bathroom; Unit 2: 1 bedroom with laundry hookups
