Renovated Two-Family
146 1/2 Chestnut Street Nashua, NH 03060
For Sale
$559,900
Newly renovated two-family with separate entrances, gas meters, and off-street parking plus two detached garages.
Property Size2,038 SF
Price / SF$274.73
Days on Market80
Property Features for 146 1/2 Chestnut Street
General Information
- Standard status
- Active
- Size
- 2,038 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
Lamacchia Realty, Inc.
(978) 866-9939
Listed By:
Kimberly Aponte
(978) 866-9939
Source:
Compass
Added: May 7
Changed: Jul 21
Last Checked: Jul 23 at 9:44AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
Completely renovated legal two-family duplex with separate entrances and separate gas meters for each unit. The first-floor unit features an open-concept living and dining layout with hardwood floors, quartz countertops, white shaker cabinetry, stainless steel appliances, and a peninsula seating area. It includes three bedrooms, a primary bedroom with a walk-in closet, and an updated full tiled bathroom. The second-floor unit offers a bright open concept with an updated kitchen and renovated bath with a stand-up shower, plus access to a composite deck through a slider. Renovations include new plumbing, electrical, lighting, flooring, and updated kitchens and baths.
The property is positioned at 146 1/2 Chestnut Street in Nashua and includes off-street parking for both units. Two detached garages provide additional storage and potential for expanded income use.
A large basement with high ceilings adds further flexibility for storage or possible future finished space or expansion.
The property is positioned at 146 1/2 Chestnut Street in Nashua and includes off-street parking for both units. Two detached garages provide additional storage and potential for expanded income use.
A large basement with high ceilings adds further flexibility for storage or possible future finished space or expansion.
Key Highlights
- Newly renovated legal two‑family conversion in a 2‑story wood frame home built in 1920
- Separate entrances, separate gas meters, and separate garage spaces for each unit
- First‑floor unit includes open‑concept living/dining, hardwood floors, and quartz countertops with stainless steel appliances
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 | $45.2k | $22.20 |
| − Vacancy | −$2.5k | −$1.22 |
| EGI | $42.8k | $20.98 |
| − OpEx | −$12.8k | −$6.29 |
| NOI | $29.9k | $14.69 |
2,038 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.6K
$374.1K – $498.8K
NOI $29,929 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.2K
NOI $27,729 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$3.73M
$3.27M – $4.36M
NOI $261,374 @ 7.0% cap · market cap 46.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly renovated two-family with separate entrances, gas meters, and off-street parking plus two detached garages.
Where is this duplex located?
The property is located at 146 1/2 Chestnut Street Nashua, NH.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Newly renovated legal two‑family conversion in a 2‑story wood frame home built in 1920; Separate entrances, separate gas meters, and separate garage spaces for each unit; First‑floor unit includes open‑concept living/dining, hardwood floors, and quartz countertops with stainless steel appliances
