Multifamily Property Near
New
For Sale
$425,000
18-20 Maple St, Nashua, NH 03064
Includes recently installed flooring in one unit and an adjacent parking lot.
Property Size2,604 SF
Lot Size0.04 Acres
Price / SF$163.21
Days on Market7
Property Features for 18-20 Maple St
General Information
Standard status
Active
Size
2,604 SF
Lot size
0.04 Acres
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1880
Listing Agency:
Century 21 Cardinal
Listed By:
Rick Cardinal
(603) 930-3052
Source:
Lyvrealty
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 9 at 10:59PM
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 Century 21 Cardinal
Investment Insights
Based on property information with market context.
This multifamily property contains 2,604 square feet and dates to 1880. The sale is offered in as-is condition, with new flooring installed in one of the units.
The property is located near downtown shopping and dining in Nashua, with highway access described as fast. An adjacent parking lot provides nearby parking. The reported lot size is .036.
The property is located near downtown shopping and dining in Nashua, with highway access described as fast. An adjacent parking lot provides nearby parking. The reported lot size is .036.
Key Highlights
- 2,604‑square‑foot multifamily property
- Built in 1880
- New flooring recently installed in one unit
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
$35,430
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
8.34%
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%
$708,600
$708.6K
Cap Rate 7%
$506,143
$506.1K
Cap Rate 9%
$393,667
$393.7K
Market Conditions
NOI Build-Up for 2,604 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
$67.8K $26.04/SF
− Vacancy
−$3.4K −$1.30/SF
EGI
$64.4K $24.74/SF
− OpEx
−$29.0K −$11.13/SF
NOI
$35.4K $13.61/SF
Area
Hillsborough County, NH
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$708,600
Cap Rate 7%
$506,143
Cap Rate 9%
$393,667
Alternative Uses
Best Use
Apartment 5plus
$506.1K
$442.9K – $590.5K
NOI $35,430 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.77M
$4.17M – $5.57M
NOI $333,963 @ 7.0% cap · market cap 78.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,790
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Includes recently installed flooring in one unit and an adjacent parking lot.
Where is this multifamily property located?
The property is located at 18-20 Maple St Nashua, NH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,604‑square‑foot multifamily property; Built in 1880; New flooring recently installed in one unit
