Victorian Triplex with Unit
For Sale
Under Contract
$620,000
52 Amherst Street, Nashua, NH 03064
Multi-Family, Nashua, NH
Property Size3,731 SF
Lot Size0.18 Acres
Price / SF$166.18
Days on Market16
Property Features for 52 Amherst Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
Lot features
City Lot, Corner, Level, Sidewalks, Street Lights, Near Shopping, Neighborhood, Near Public Transport
Elementary school
Amherst Street Elementary Sch
Middle school
Pennichuck Junior High School
High school
Nashua High School South
Elementary school district
Nashua School District
Middle school district
Nashua School District
High school district
Nashua School District
Directions
GPS Gets you there
Standard status
Active Under Contract
Size
3,731 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9973
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Victorian
Listing Agency:
Arris Realty
(603) 966-3409
Listed By:
Dean Deschenes · License #9553819
(603) 831-4208
Added: Sep 9
Changed: Sep 21
Last Checked: Sep 24 at 10:06PM
MLS# 5108876
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.
Built in 1900, this Victorian triplex contains 3,731 square feet across three residential units: one four-bedroom apartment and two one-bedroom apartments, each with a full bathroom. The building has wood-frame construction, vinyl siding, a shingle roof, public water, and natural gas steam heating. A basement is also included in the property configuration.
The property occupies 0.18 acres at 52 Amherst Street in Nashua, New Hampshire. Its RB zoning supports the residential classification, while the documented unit mix provides a range of apartment sizes within one building.
The property occupies 0.18 acres at 52 Amherst Street in Nashua, New Hampshire. Its RB zoning supports the residential classification, while the documented unit mix provides a range of apartment sizes within one building.
Key Highlights
- Three‑unit property with one four‑bedroom unit and two one‑bedroom units
- 3,731 square feet on a 0.18‑acre lot
- Each unit includes a full bathroom
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
$54,791
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
8.84%
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%
$1,095,820
$1.1M
Cap Rate 7%
$782,729
$782.7K
Cap Rate 9%
$608,789
$608.8K
Market Conditions
NOI Build-Up for 3,731 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
$82.8K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$78.3K $20.98/SF
− OpEx
−$23.5K −$6.29/SF
NOI
$54.8K $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%
$1,095,820
Cap Rate 7%
$782,729
Cap Rate 9%
$608,789
Alternative Uses
Best Use
Multifamily LT 5
$782.7K
$684.9K – $913.2K
NOI $54,791 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$725.2K
$634.6K – $846.1K
NOI $50,764 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$6.84M
$5.98M – $7.98M
NOI $478,501 @ 7.0% cap · market cap 77.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,591
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?
Triplex - Three-unit residential income property with public water, natural gas steam heat, and a 0.18-acre lot.
Where is this triplex located?
The property is located at 52 Amherst Street Nashua, NH.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Three‑unit property with one four‑bedroom unit and two one‑bedroom units; 3,731 square feet on a 0.18‑acre lot; Each unit includes a full bathroom
