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    23 Temple St Nashua, NH 03060

    For Sale
    $6,980,000

    Multifamily property with value-add potential in Nashua, New Hampshire.

    Property size:
    39,762 SF

    Property Features for 23 Temple St

    General Information

    Size
    39,762 SF

    Building Details

    Year built
    1921

    Source: Brad Carlson Agent Brad Carlson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nashua Multifamily Investment Opportunity

    Located in Nashua, New Hampshire, the Temple Street Rooms at 23-25 Temple St and 21 Cottage St present a multifamily investment opportunity. The property consists of 24 micro studio units and 106 SRO units at the Temple Street address, along with 8 SRO units and 5 garage bays at the Cottage Street location. The unit mix includes 13 studios and 115 SRO units. The buildings are located within 200 feet of each other and share interconnected parking lots. The property has been under the same ownership for over 40 years. A management team is currently in place and open to continuing operations. The property offers off-street parking and high cash-on-cash returns. Current rents are reportedly 30% below market rate, presenting a value-add opportunity for revenue increase without major improvements. Nashua is described as a dynamic city in southern New Hampshire with a strong local business presence and convenient access to both Boston and New Hampshire's landscapes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Temple Street Hotel Hotel Chromebook Condominium Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4635909
    Latitude
    42.7615845

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with value-add potential in Nashua, New Hampshire.
    Where is this apartment building located?
    The property is located at 23 Temple St Nashua, NH.
    What is the asking price?
    The asking price for this property is $6,980,000.
    What are key features of this property?
    This property features: - Significant Revenue Upside: Rents are 30% below market rate, offering a substantial value-add opportunity.; - High Cash-on-Cash Returns: Proven history of strong and profitable business performance.; - Substantial Unit Count: Portfolio of 13 studios and 115 SRO units across two buildings.
    (781) 334-8044
    Request Owner's contact information
    23 Temple St Nashua, NH 03060
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    Nashua, NH 03060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Temple St Nashua, NH 03060
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