Historic Three-Unit
10 Mulberry Street, Nashua, NH 03060
For Sale
$584,900
Pending
The property pairs two occupied apartments with a vacant two-bedroom unit for flexible ownership or leasing.
Property Size2,770 SF
Days on Market63
Property Features for 10 Mulberry Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Building Details
Year Built
Listing Agency:
Realty ONE Group NEST
(978) 255-4394
Listed By:
Mike Pettoruto · License #Mike Pettoruto
(978) 835-0435
Source:
Anotchaboverealestate
Added: Sep 8
Changed: Nov 8
Last Checked: Nov 8 at 8:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group NEST
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Investment Insights
Based on property information with market context.
Built in 1880, this 2,770-square-foot triplex contains three apartments: one with three bedrooms, one with two bedrooms, and one with a single bedroom. The two-bedroom apartment is offered vacant; the three-bedroom unit is leased through June, and the one-bedroom unit is occupied under a tenant-at-will arrangement. The building retains its slate roof and elements of its original character.
Updates include furnaces and hot water heaters installed approximately 5–8 years ago, windows replaced approximately 12 years ago, and city water-supply and sewer-line work completed within the past several years. The three-unit configuration supports continued rental use or an owner-occupant arrangement.
Updates include furnaces and hot water heaters installed approximately 5–8 years ago, windows replaced approximately 12 years ago, and city water-supply and sewer-line work completed within the past several years. The three-unit configuration supports continued rental use or an owner-occupant arrangement.
Key Highlights
- Three apartments with 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts
- 2,770 square feet; built in 1880
- Two‑bedroom apartment offered vacant; three‑bedroom unit leased through June
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,678
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,560
$813.6K
Cap Rate 7%
$581,114
$581.1K
Cap Rate 9%
$451,978
$452.0K
Market Conditions
NOI Build-Up for 2,770 SF
Gross rent
$61.5K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$58.1K $20.98/SF
− OpEx
−$17.4K −$6.29/SF
NOI
$40.7K $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 Rate 5%
$813,560
Cap Rate 7%
$581,114
Cap Rate 9%
$451,978
Alternative Uses
Best Use
Multifamily LT 5
$581.1K
$508.5K – $678.0K
NOI $40,678 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$538.4K
$471.1K – $628.1K
NOI $37,688 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,558 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
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Business Placement
Demographics for 03060, NH
31,251
Population
13,003
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
6.6 sq mi
ZIP Area
4,735
Density / Sq Mi
$78,068
Median Household Income
$44,628
Median Earnings
$1,539
Median Rent
$338,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Hillsborough County, NH
Properties on Market for Triplexes in Hillsborough County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property pairs two occupied apartments with a vacant two-bedroom unit for flexible ownership or leasing.
Where is this triplex located?
The property is located at 10 Mulberry Street Nashua, NH.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: Three apartments with 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts; 2,770 square feet; built in 1880; Two‑bedroom apartment offered vacant; three‑bedroom unit leased through June
