Corner-Lot
For Sale
$824,900
84 Nashua St, Milford, NH 03055
Three residential units are paired with unfinished area that may support expansion, subject to required approvals.
Property Size2,670 SF
Price / SF$308.95
Days on Market19
Property Features for 84 Nashua St
General Information
Standard status
Active
Size
2,670 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1790
Listing Agency:
Listwithfreedom.com
(855) 456-4945
Listed By:
Ralph M Harvey · License #304715
Source:
Lyvrealty
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 29 at 11:44AM
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 Listwithfreedom.com
Investment Insights
Based on property information with market context.
Located at 84 Nashua St in Milford, this 2,670 SF triplex contains three residential units and additional unfinished space. The property has an owner-occupied configuration and was built in 1790.
The building occupies a corner lot within walking distance of local shops, restaurants, and everyday amenities in downtown Milford. Existing unfinished area may provide room for additional apartments or other improvements, subject to appropriate approvals. The combination of three established units, flexible unfinished space, and a walkable town-center setting gives the property a range of potential ownership and operational configurations.
The building occupies a corner lot within walking distance of local shops, restaurants, and everyday amenities in downtown Milford. Existing unfinished area may provide room for additional apartments or other improvements, subject to appropriate approvals. The combination of three established units, flexible unfinished space, and a walkable town-center setting gives the property a range of potential ownership and operational configurations.
Key Highlights
- Three‑family property with 3 residential units
- 2,670 SF building on a corner lot
- Additional unfinished space may support expansion, subject to approvals
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
$39,210
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
4.75%
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%
$784,200
$784.2K
Cap Rate 7%
$560,143
$560.1K
Cap Rate 9%
$435,667
$435.7K
Market Conditions
NOI Build-Up for 2,670 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
$59.3K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.0K $20.98/SF
− OpEx
−$16.8K −$6.29/SF
NOI
$39.2K $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%
$784,200
Cap Rate 7%
$560,143
Cap Rate 9%
$435,667
Alternative Uses
Best Use
Multifamily LT 5
$560.1K
$490.1K – $653.5K
NOI $39,210 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$519.0K
$454.1K – $605.5K
NOI $36,328 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$4.89M
$4.28M – $5.71M
NOI $342,428 @ 7.0% cap · market cap 41.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 03055, NH
16,120
Population
6,692
Households
2.4
Avg Household Size
41
Median Age
34%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
635
Density / Sq Mi
$94,514
Median Household Income
$52,979
Median Earnings
$1,569
Median Rent
$363,500
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?
Triplex - Three residential units are paired with unfinished area that may support expansion, subject to required approvals.
Where is this triplex located?
The property is located at 84 Nashua St Milford, NH.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: Three‑family property with 3 residential units; 2,670 SF building on a corner lot; Additional unfinished space may support expansion, subject to approvals
