Duplex with Enclosed
For Sale
$570,000
72 Palm Street, Nashua, NH 03060
Multi-Family, Nashua, NH
Property Size2,310 SF
Lot Size0.08 Acres
Price / SF$246.75
Days on Market47
Property Features for 72 Palm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking features
Off Street, Driveway, Garage
Patio and Porch features
Porch
Exterior features
Enclosed Porch
Appliances
Separate Water Heater
Lot features
Level, Sidewalks, Street Lights, Near Country Club, Near Golf Course, Near Shopping, Near Public Transport, Near Hospital
Elementary school
Ledge Street Elementary School
Middle school
Brian S. McCarthy Middle 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
Kinsley St to Palm St. Palm St is a one way street
Standard status
Active
Size
2,310 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7839
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Gateway Realty · Keller Williams Realty
(603) 883-8400
Listed By:
Michelle Soucy
(603) 883-8400
Added: Jul 15
Changed: Aug 20
Last Checked: Aug 30 at 3:06AM
MLS# 5100126
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.
Located at 72 Palm Street in Nashua, this 2,310-square-foot duplex contains two residential units within a wood-frame building constructed in 1880. The first-floor apartment has three bedrooms, one bathroom, and an enclosed porch; the upper unit includes two bedrooms and one bathroom. Both units have access to the full basement, with separate washer and dryer hookups for each residence.
The property sits on 0.08 acres and includes a driveway, garage, and off-street parking. Hardwood and vinyl flooring, natural gas forced-air heat, a shingle roof, public water, and public sewer are among the physical features. The garage is leased to the second-floor unit, and the building is zoned RC. Its Nashua location provides access to downtown, shopping, restaurants, hospitals, public transportation, and major highways.
The property sits on 0.08 acres and includes a driveway, garage, and off-street parking. Hardwood and vinyl flooring, natural gas forced-air heat, a shingle roof, public water, and public sewer are among the physical features. The garage is leased to the second-floor unit, and the building is zoned RC. Its Nashua location provides access to downtown, shopping, restaurants, hospitals, public transportation, and major highways.
Key Highlights
- 2,310‑square‑foot duplex on a 0.08‑acre lot
- First‑floor unit has 3 bedrooms, 1 bathroom, and an enclosed porch
- Second‑floor unit includes 2 bedrooms and 1 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
$33,923
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
5.95%
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%
$678,460
$678.5K
Cap Rate 7%
$484,614
$484.6K
Cap Rate 9%
$376,922
$376.9K
Market Conditions
NOI Build-Up for 2,310 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
$51.3K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.5K $20.98/SF
− OpEx
−$14.5K −$6.29/SF
NOI
$33.9K $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%
$678,460
Cap Rate 7%
$484,614
Cap Rate 9%
$376,922
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.0K – $565.4K
NOI $33,923 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$449.0K
$392.9K – $523.8K
NOI $31,430 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$4.23M
$3.70M – $4.94M
NOI $296,258 @ 7.0% cap · market cap 51.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,838
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 - Two occupied units offer separate utilities, basement laundry hookups, and access to a garage and driveway.
Where is this duplex located?
The property is located at 72 Palm Street Nashua, NH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2,310‑square‑foot duplex on a 0.08‑acre lot; First‑floor unit has 3 bedrooms, 1 bathroom, and an enclosed porch; Second‑floor unit includes 2 bedrooms and 1 bathroom
