Renovated Two-House
New
For Sale
$619,900
8-8 1/2 Markar Street, 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 Market7
Property Features for 8-8 1/2 Markar Street
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Multi Family
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$7,500
Amenities
central air conditioning
farmer’s porch with Trex decking
spacious fenced side yard
Building Details
Year Built
1940
Buildings
2
Stories
2
Listing Agency:
Keller Williams Gateway Realty
(603) 589-8800
Listed By:
Larry Kittle
(603) 589-8800
Source:
Laerrealty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 8 at 4:15AM
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
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 = 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
$28,959
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
4.67%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
881
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 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 Street 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
