Two-Unit Duplex with In-Ground
For Sale
$645,000
20-22 Joffre Street, Nashua, NH 03060
Up-and-down layout includes a fenced backyard, in-ground pool, garage, and finished basement rooms.
Property Size3,016 SF
Price / SF$213.86
Days on Market105
Property Features for 20-22 Joffre Street
General Information
Standard status
Active
Size
3,016 SF
Total Parking Spaces
1
Property subtype
Multi Family
Zoning
RA
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updating
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,000
Amenities
fenced-in backyard
in-ground pool
Curbside, Municipal
Central AC
Oil, Hot Water
Yes
Hardwood, Laminate, Vinyl Plank, Wood
2
3
1
Interior
Bulkhead, Climate Controlled, Concrete, Concrete Floor, Finished, Frost Wall, Full, Partially Finished, Interior Stairs, Storage Space, Unfinished, Interior Access
12
Asphalt Shingle
Gray
Wood Frame, Vinyl Siding
Building Details
Year Built
1969
Listing Agency:
BHG Masiello Keene
(603) 313-9415
Listed By:
Linda Hitchcock
(603) 313-9415
Source:
Compass
Added: May 18
Changed: Aug 29
Last Checked: May 26 at 8:14AM
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 BHG Masiello Keene
Investment Insights
Based on property information with market context.
This 1969 duplex is arranged as two vertically stacked residences. The lower unit has two bedrooms, while the upper unit provides three bedrooms, with spacious rooms noted in both homes. The property includes a fenced backyard, in-ground pool, and oversized one-car garage. Finished basement rooms add enclosed space for storage or hobbies, while cosmetic updating may be appropriate.
At 20-22 Joffre St in Nashua, the property is near a hospital, shopping, restaurants, and everyday services. Walk Score is 60 (Somewhat Walkable), and Bike Score is 62 (Bikeable). The two-family configuration is suited to either owner occupancy or an investment strategy.
At 20-22 Joffre St in Nashua, the property is near a hospital, shopping, restaurants, and everyday services. Walk Score is 60 (Somewhat Walkable), and Bike Score is 62 (Bikeable). The two-family configuration is suited to either owner occupancy or an investment strategy.
Key Highlights
- Two‑family duplex with 2‑bedroom and 3‑bedroom units
- 1969 year built
- Fenced backyard with in‑ground pool
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
$44,291
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
6.87%
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%
$885,820
$885.8K
Cap Rate 7%
$632,729
$632.7K
Cap Rate 9%
$492,122
$492.1K
Market Conditions
NOI Build-Up for 3,016 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
$67.0K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.3K $20.98/SF
− OpEx
−$19.0K −$6.29/SF
NOI
$44.3K $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%
$885,820
Cap Rate 7%
$632,729
Cap Rate 9%
$492,122
Alternative Uses
Best Use
Multifamily LT 5
$632.7K
$553.6K – $738.2K
NOI $44,291 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,035 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$5.53M
$4.84M – $6.45M
NOI $386,802 @ 7.0% cap · market cap 59.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
910
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?
Duplex - Up-and-down layout includes a fenced backyard, in-ground pool, garage, and finished basement rooms.
Where is this duplex located?
The property is located at 20-22 Joffre Street Nashua, NH.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two‑family duplex with 2‑bedroom and 3‑bedroom units; 1969 year built; Fenced backyard with in‑ground pool
