Triplex with Two-Car
For Sale
$574,900
15-15 1/2 Marshall Street, Nashua, NH 03064
Triplex offers three one-bedroom apartments with separate utilities, ample parking, and a two-car garage.
Property Size2,064 SF
Price / SF$278.54
Days on Market50
Property Features for 15-15 1/2 Marshall Street
General Information
Standard status
Active
Size
2,064 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
Residential
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,597
Amenities
Steam
Full
Paved
Multi-Family
Building Details
Building Size
2,064 SF
Year Built
1933
Stories
2
Tenancy
Multi
Listing Agency:
Realty One Group Next Level
(603) 391-5503
Listed By:
Joshua Winn
(603) 391-5503
Source:
Evrealestate
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 26 at 6:38AM
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 Realty One Group Next Level
Investment Insights
Based on property information with market context.
This triplex includes three one-bedroom apartments, with the first and second floors described as particularly larger and featuring “great layouts.” The property also offers a two-car garage, a backyard, and ample parking, with units noted as clean. Separate utilities are available for the building.
The address is 15-15 1/2 Marshall Street in Nashua, NH, and the public remarks indicate proximity to downtown Nashua.
The building is presented as a residential income property and is offered for sale at the listed price.
The address is 15-15 1/2 Marshall Street in Nashua, NH, and the public remarks indicate proximity to downtown Nashua.
The building is presented as a residential income property and is offered for sale at the listed price.
Key Highlights
- Triplex built in 1933 with three 1‑bedroom apartments
- First- and second‑floor units are described as particularly larger with great layouts
- Each unit has separate utilities
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
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,764
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
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex offers three one-bedroom apartments with separate utilities, ample parking, and a two-car garage.
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: Triplex built in 1933 with three 1‑bedroom apartments; First- and second‑floor units are described as particularly larger with great layouts; Each unit has separate utilities
