6-Unit Victorian Apartment
257 Main Street, Nashua, NH 03060
For Sale
New
$1,800,000
Multi-Family, Nashua, NH
Property Size5,722 SF
Lot Size0.31 Acres
Price / SF$314.58
Days on Market2
Property Features for 257 Main Street
General Information
Property type
Property subtype
Zoning
Rooms
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
air-conditioned units
on-site parking lot
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Century 21 Cardinal · Century 21 Real Estate
Listed By:
William Brown · License NH #063291
(603) 889-3233
Added: Nov 12
Last Checked: Nov 13 at 4:06AM
MLS# 5117783
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.
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Investment Insights
Based on property information with market context.
Built in 1886, this three-story Victorian apartment property contains six units totaling 5,722 square feet. The apartments include one- and two-bedroom layouts, and the units are air-conditioned. A professionally installed sprinkler system and on-site parking are also part of the property. The building has vinyl siding, a slate roof, ductless heating and cooling, and public water service.
The 0.31-acre property occupies a corner parcel in downtown Nashua, next to Southern New Hampshire Medical Center. Downtown restaurants, shops, and businesses, along with major commuter routes, are described as accessible from the site. The zoning designation is D1MU.
The 0.31-acre property occupies a corner parcel in downtown Nashua, next to Southern New Hampshire Medical Center. Downtown restaurants, shops, and businesses, along with major commuter routes, are described as accessible from the site. The zoning designation is D1MU.
Key Highlights
- Six apartments in one- and two‑bedroom configurations
- 5,722‑square‑foot, three‑story building constructed in 1886
- 0.31‑acre corner parcel in downtown Nashua, adjacent to Southern New Hampshire Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,853
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,557,060
$1.6M
Cap Rate 7%
$1,112,186
$1.1M
Cap Rate 9%
$865,033
$865.0K
Market Conditions
NOI Build-Up for 5,722 SF
Gross rent
$149.0K $26.04/SF
− Vacancy
−$7.5K −$1.30/SF
EGI
$141.6K $24.74/SF
− OpEx
−$63.7K −$11.13/SF
NOI
$77.9K $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 Rate 5%
$1,557,060
Cap Rate 7%
$1,112,186
Cap Rate 9%
$865,033
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$973.2K – $1.30M
NOI $77,853 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,160 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
6
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,790
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
$338,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Hillsborough County, NH
Properties on Market for Apartment buildings in Hillsborough County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom residences are complemented by air conditioning and a large on-site parking area.
Where is this apartment building located?
The property is located at 257 Main Street Nashua, NH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six apartments in one- and two‑bedroom configurations; 5,722‑square‑foot, three‑story building constructed in 1886; 0.31‑acre corner parcel in downtown Nashua, adjacent to Southern New Hampshire Medical Center
