Two-Family Residential Income
104 Lock Street Nashua, NH 03064
104 Lock Street, Nashua, NH, 03064
$599,000
Pending
For Sale
$599,000
Pending
Well-maintained two-unit home with in-unit laundry, one tenant-occupied unit, and a freshly painted vacant unit.
Property Size1,920 SF
Days on Market19
Property Features for 104 Lock Street
General Information
- Standard status
- Pending
- Size
- 1,920 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2013
Listing Agency
Keller Williams Gateway Realty
(603) 883-8400
Listed by
The Adams Home Team
(603) 883-8400
Source
Laerrealty
Added: Jun 30 Checked: Jul 17 at 2:39 am
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 Keller Williams Gateway Realty
Investment Insights
Based on property information with market context.
Built in 2013, this well-maintained two-family property offers two separate 3-bedroom residences, each with 1 full bathroom and in-unit washer and dryer hookups. The layout includes spacious living areas designed for comfortable day-to-day living. One unit is currently tenant-occupied and the tenant would like to remain, while the second unit is vacant and has been freshly painted, making it move-in ready for a new owner or tenant. Recent improvements include a new roof, supporting long-term peace of mind.
The property features a paved driveway with ample off-street parking. It is located just minutes from downtown Nashua, with convenient access to major highways, hospitals, public transportation, shopping, dining, and local amenities.
This configuration suits buyers seeking either an owner-occupant setup or a straightforward rental model. With one unit producing immediate rental income and the second unit ready for occupancy, the property supports flexible next steps for an investor or household looking to live in one side while renting the other.
The property features a paved driveway with ample off-street parking. It is located just minutes from downtown Nashua, with convenient access to major highways, hospitals, public transportation, shopping, dining, and local amenities.
This configuration suits buyers seeking either an owner-occupant setup or a straightforward rental model. With one unit producing immediate rental income and the second unit ready for occupancy, the property supports flexible next steps for an investor or household looking to live in one side while renting the other.
Key Highlights
- Two‑family property built in 2013 with each unit offering 3 bedrooms and 1 full bathroom
- In‑unit washer and dryer in both units
- One unit is tenant‑occupied and the other unit is vacant and freshly painted
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.6k | $22.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $40.3k | $20.98 |
| − OpEx | −$12.1k | −$6.29 |
| NOI | $28.2k | $14.69 |
1,920 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.8K
$352.5K – $469.9K
NOI $28,196 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$373.2K
$326.5K – $435.4K
NOI $26,123 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$3.52M
$3.08M – $4.10M
NOI $246,240 @ 7.0% cap · market cap 41.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with in-unit laundry, one tenant-occupied unit, and a freshly painted vacant unit.
Where is this duplex located?
The property is located at 104 Lock Street Nashua, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family property built in 2013 with each unit offering 3 bedrooms and 1 full bathroom; In‑unit washer and dryer in both units; One unit is tenant‑occupied and the other unit is vacant and freshly painted
