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38 Lowell St Nashua, NH 03064

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For Sale
$5,500,000

37 units across 6 buildings in downtown Nashua, New Hampshire.

Property size:
24,164 SF

Property Features for 38 Lowell St

General Information

Size
24,164 SF

Source: Brad Carlson Agent Brad Carlson

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


Overview

Nashua Portfolio: 37 Units

The Downtown Nashua Portfolio features 37 units across six buildings in Nashua, New Hampshire. The portfolio consists of 26 one-bedroom apartments, nine two-bedroom apartments, and two retail suites. All buildings are located within 1.1 miles of each other, and each property includes off-street parking. The occupancy rate is currently 100%. More than 75% of the tenants are currently tenants at will. The properties have been under the same ownership for over 40 years. Residential rents throughout the portfolio are approximately 50% below market value. Five of the six buildings have tenant-paid utilities. Nashua is a dynamic city in southern New Hampshire, offering a thriving economy, diverse communities, and a strong local business presence. The Merrimack River runs through the city, providing outdoor spaces and recreational opportunities, alongside a bustling downtown with shops, restaurants, and cultural attractions. Its location provides access to Boston and the landscapes of New Hampshire. The properties included in this package are located at 38 Lowell St, 20 Orange St, 24-26 Orange St, 136 W Pearl St, 56 Walnut St, and 39 1/2 Ash St in Nashua, NH. This portfolio presents a value-add opportunity.
Location Intelligence

Current Use by Public Records

Apartment buildings

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
-71.4650861
Latitude
42.7653273

FAQs

What type of property is this?
Apartment building - 37 units across 6 buildings in downtown Nashua, New Hampshire.
Where is this apartment building located?
The property is located at 38 Lowell St Nashua, NH.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: - Significant upside potential through upgrading apartments and raising rents to market rate, currently 50% below market value.; - 100% occupancy across the 37 units.; - Portfolio of 6 buildings in downtown Nashua, NH, all within 1.1 miles of each other.
More about this property
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