Renovated Two-House
For Sale
$619,900
8-8 1/2 Markar St, Nashua, NH 03060
Two residential structures share a double lot with paved parking and a fenced side yard.
Property Size1,972 SF
Price / SF$314.35
Days on Market91
Property Features for 8-8 1/2 Markar St
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Multi-Family
Amenities
central air conditioning
farmer’s porch with Trex decking
spacious fenced side yard
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Keller Williams Gateway Realty
Listed By:
Larry Kittle
(603) 305-3873
Source:
Langelange
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 7 at 2:37PM
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 Keller Williams Gateway Realty
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Investment Insights
Based on property information with market context.
This residential duplex at 8-8 1/2 Markar Street includes two houses on a double lot, with a listed property size of 1,972 square feet. Built in 1940, the main residence has undergone a comprehensive interior renovation that included insulation, drywall, electrical and plumbing systems, a kitchen, bath, flooring, forced hot air natural gas heat, and central air conditioning. A farmer’s porch with Trex decking adds exterior utility.
The rear structure is a 748-square-foot, three-room bungalow with separate utilities and a tenant-at-will arrangement. Additional site features include ample paved parking and a fenced side yard. The property is zoned Residential and is located in Nashua, NH 03060.
The rear structure is a 748-square-foot, three-room bungalow with separate utilities and a tenant-at-will arrangement. Additional site features include ample paved parking and a fenced side yard. The property is zoned Residential and is located in Nashua, NH 03060.
Key Highlights
- Two houses situated on a double lot
- Main residence renovated with new insulation, drywall, electrical, plumbing, kitchen, bath, and flooring
- 748‑square‑foot, three‑room rear bungalow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,959
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,180
$579.2K
Cap Rate 7%
$413,700
$413.7K
Cap Rate 9%
$321,767
$321.8K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$43.8K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$41.4K $20.98/SF
− OpEx
−$12.4K −$6.29/SF
NOI
$29.0K $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 Rate 5%
$579,180
Cap Rate 7%
$413,700
Cap Rate 9%
$321,767
Alternative Uses
Best Use
Multifamily LT 5
$413.7K
$362.0K – $482.7K
NOI $28,959 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$383.3K
$335.4K – $447.2K
NOI $26,831 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$3.61M
$3.16M – $4.22M
NOI $252,909 @ 7.0% cap · market cap 40.80%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential structures share a double lot with paved parking and a fenced side yard.
Where is this duplex located?
The property is located at 8-8 1/2 Markar St Nashua, NH.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two houses situated on a double lot; Main residence renovated with new insulation, drywall, electrical, plumbing, kitchen, bath, and flooring; 748‑square‑foot, three‑room rear bungalow
