Two-Unit Residential Income
For Sale
$574,900
101 Blossom Street, Nashua, NH 03060
Leased two-family duplex with separate utility metering and dedicated laundry for each unit.
Property Size1,561 SF
Price / SF$368.29
Days on Market53
Property Features for 101 Blossom Street
General Information
Standard status
Active
Size
1,561 SF
Property subtype
Multi Family
Zoning
RB
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,748
Building Details
Year Built
1908
Stories
1
Listing Agency:
RE/MAX Innovative Properties
(603) 769-1571
Listed By:
Timothy Morgan · License #69597
Source:
Laerrealty
Added: Jun 30
Changed: Aug 7
Last Checked: Aug 20 at 4:31AM
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 RE/MAX Innovative Properties
Investment Insights
Based on property information with market context.
This leased two-family duplex offers two separate residential units with dedicated laundry for each unit. The first-floor unit features 2 bedrooms and 1 bathroom, while the second-floor unit includes 1 bedroom and 1 bathroom. Both units also have separate gas and electric meters, supporting distinct utility management for each household.
Located in Nashua, this property is described as being in a high-demand area, and it is positioned at 101 Blossom Street.
For tenants or buyers seeking a small residential income asset, the clear unit separation, dedicated laundry, and individual gas and electric meters can simplify operations and improve everyday convenience. The property is currently leased, with rent performance noted in the remarks, and it presents a straightforward two-unit layout suitable for an owner-operator or investor looking to manage a duplex with independent utility service.
Located in Nashua, this property is described as being in a high-demand area, and it is positioned at 101 Blossom Street.
For tenants or buyers seeking a small residential income asset, the clear unit separation, dedicated laundry, and individual gas and electric meters can simplify operations and improve everyday convenience. The property is currently leased, with rent performance noted in the remarks, and it presents a straightforward two-unit layout suitable for an owner-operator or investor looking to manage a duplex with independent utility service.
Key Highlights
- Leased 2‑family duplex built in 1908
- First‑floor unit: 2 bedrooms, 1 bathroom
- Second‑floor unit: 1 bedroom, 1 bathroom
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
$22,924
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
3.99%
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%
$458,480
$458.5K
Cap Rate 7%
$327,486
$327.5K
Cap Rate 9%
$254,711
$254.7K
Market Conditions
NOI Build-Up for 1,561 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
$34.7K $22.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$32.7K $20.98/SF
− OpEx
−$9.8K −$6.29/SF
NOI
$22.9K $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%
$458,480
Cap Rate 7%
$327,486
Cap Rate 9%
$254,711
Alternative Uses
Best Use
Multifamily LT 5
$327.5K
$286.6K – $382.1K
NOI $22,924 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,239 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.34M
NOI $200,198 @ 7.0% cap · market cap 34.82%
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
913
Businesses Nearby
Explore this area
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
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 - Leased two-family duplex with separate utility metering and dedicated laundry for each unit.
Where is this duplex located?
The property is located at 101 Blossom Street Nashua, NH.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Leased 2‑family duplex built in 1908; First‑floor unit: 2 bedrooms, 1 bathroom; Second‑floor unit: 1 bedroom, 1 bathroom
