Mixed-Use Apartment Building with
For Sale
$4,900,000
243-247 Main Street, Nashua, NH 03060
Apartment building with ground-level retail and 12 residential units, plus public and off-street parking
Property Size20,355 SF
Price / SF$240.73
Days on Market459
Property Features for 243-247 Main Street
General Information
Standard status
Active
Size
20,355 SF
Property subtype
Commercial
Additional Details
Multifamily Units
12
Listing Agency:
NAI Norwood Group
Listed By:
Nick Ackerman
(603) 329-5903
Source:
Bigislandre
Added: Apr 29, 2025
Changed: Jul 30
Last Checked: Jul 30 at 9:28AM
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 NAI Norwood Group
Investment Insights
Based on property information with market context.
Mixed-use apartment building featuring ground level retail and 12 residential units at 243-247 Main Street. Tenants are responsible for utilities, and the property provides both public and off-street parking.
The location is described as downtown Nashua, with the Performing Arts Center nearby. The property is offered individually and as part of a package. Tours must be set up in advance, and visitors should not go on the property without a scheduled tour.
Contact a broker for financial information.
The location is described as downtown Nashua, with the Performing Arts Center nearby. The property is offered individually and as part of a package. Tours must be set up in advance, and visitors should not go on the property without a scheduled tour.
Contact a broker for financial information.
Key Highlights
- Ground level retail with 12 residential units
- Public and off‑street parking available
- Tenants responsible for their utilities
Financial Insights For Retail
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 | $439.7k | $21.60 |
| − Vacancy | −$33.0k | −$1.62 |
| EGI | $406.7k | $19.98 |
| − OpEx | −$122.0k | −$5.99 |
| NOI | $284.7k | $13.99 |
20,355 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.07M
$3.56M – $4.74M
NOI $284,685 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$3.96M
$3.46M – $4.62M
NOI $276,948 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$37.29M
$32.63M – $43.51M
NOI $2,610,529 @ 7.0% cap · market cap 53.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,790
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?
Apartment building - Apartment building with ground-level retail and 12 residential units, plus public and off-street parking
Where is this apartment building located?
The property is located at 243-247 Main Street Nashua, NH.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Ground level retail with 12 residential units; Public and off‑street parking available; Tenants responsible for their utilities
