Triplex with Two-Car
For Sale
$574,900
15-15 1/2 Marshall Street, Nashua, NH 03064
Multi-Family, Nashua, NH
Property Size2,064 SF
Lot Size0.12 Acres
Price / SF$278.54
Days on Market50
Property Features for 15-15 1/2 Marshall Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Basement
Lot features
City Lot
Elementary school
Dr. Norman W. Crisp Elementary
Middle school
Elm Street Middle School
High school
Nashua High School North
Elementary school district
Nashua School District
Middle school district
Nashua School District
High school district
Nashua School District
Directions
Take NH-111 E/W Hollis St. Continue straight onto Medical Center Dr/Spring St. Turn right onto E. Hollis St. Turn right onto Marshall St. Destination will be on the right.
Standard status
Active
Size
2,064 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7597
Utilities
Heating system
Steam
Water source
Public
Building Details
Year built
1933
Floors in Building
3
Number of units
3
Building materials
Clapboard Exterior
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Next Level
(603) 262-3500
Listed By:
Joshua Winn
(603) 389-6604
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 26 at 6:06AM
MLS# 5098718
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,064-square-foot triplex contains three one-bedroom apartments, with the first- and second-floor residences described as larger layouts. The property also includes a two-car garage, basement, backyard, and additional parking. Separate utilities serve the apartments.
Built in 1933 on a 0.12-acre lot, the property has a clapboard exterior, shingle roof, steam heat, public water, and Residential zoning. It is located at 15-15 1/2 Marshall Street in Nashua, near downtown.
Built in 1933 on a 0.12-acre lot, the property has a clapboard exterior, shingle roof, steam heat, public water, and Residential zoning. It is located at 15-15 1/2 Marshall Street in Nashua, near downtown.
Key Highlights
- Three one‑bedroom apartments in a triplex configuration
- 2,064 square feet on a 0.12‑acre lot
- Two‑car garage, basement, backyard, and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,200
$606.2K
Cap Rate 7%
$433,000
$433.0K
Cap Rate 9%
$336,778
$336.8K
Market Conditions
NOI Build-Up for 2,064 SF
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.
Gross rent
$45.8K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$43.3K $20.98/SF
− OpEx
−$13.0K −$6.29/SF
NOI
$30.3K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,200
Cap Rate 7%
$433,000
Cap Rate 9%
$336,778
Alternative Uses
Best Use
Multifamily LT 5
$433.0K
$378.9K – $505.2K
NOI $30,310 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$401.2K
$351.0K – $468.1K
NOI $28,083 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$3.78M
$3.31M – $4.41M
NOI $264,708 @ 7.0% cap · market cap 46.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 03064, NH
15,069
Population
6,671
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,675
Density / Sq Mi
$91,528
Median Household Income
$48,412
Median Earnings
$1,439
Median Rent
$382,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments offer separate utilities, parking, and access to a backyard.
Where is this triplex located?
The property is located at 15-15 1/2 Marshall Street Nashua, NH.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Three one‑bedroom apartments in a triplex configuration; 2,064 square feet on a 0.12‑acre lot; Two‑car garage, basement, backyard, and ample parking
