Updated Duplex with
For Sale
Under Contract
$524,900
98 Vine Street, Nashua, NH 03060
Multi-Family, Nashua, NH
Property Size1,788 SF
Lot Size0.14 Acres
Price / SF$293.57
Days on Market49
Property Features for 98 Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Exterior features
Partial Fence, Patio
Fencing
Partial
Appliances
Water Heater off Boiler
Lot features
City Lot
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
Lake St to Vine St
Standard status
Active Under Contract
Size
1,788 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7806
Utilities
Utilities
Cable Available
Heating system
Other (Heating)
Water source
Public
Amenities
private laundry
screened-in porch
fenced backyard
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Carpet, Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL Broker NH, LLC
(855) 450-0442
Listed By:
Kendall Reyes
(855) 450-0442
Added: Jul 9
Changed: Aug 20
Last Checked: Aug 26 at 10:06AM
MLS# 5099012
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.
This duplex at 98 Vine Street in Nashua, NH, contains 1788 square feet within a 0.14-acre parcel. The property includes two residential units, private laundry for each unit, and a two-car garage. The first-floor unit has a screened porch, while the exterior includes vinyl siding, a shingle roof, and a patio. Interior finishes include hardwood, vinyl, carpet, and laminate flooring.
Recent property improvements include a newer roof, new siding, updated bathrooms, and a new hot water heater. The building dates to 1880 and has RC zoning. Public water is provided, and cable is available. The property is in a walkable Nashua setting with access to shopping, restaurants, entertainment, parks, and public transportation.
Recent property improvements include a newer roof, new siding, updated bathrooms, and a new hot water heater. The building dates to 1880 and has RC zoning. Public water is provided, and cable is available. The property is in a walkable Nashua setting with access to shopping, restaurants, entertainment, parks, and public transportation.
Key Highlights
- Duplex with 1788 square feet of building area
- 0.14‑acre parcel in Nashua, NH
- Two‑car garage plus patio and screened porch
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
$26,257
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
5.00%
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%
$525,140
$525.1K
Cap Rate 7%
$375,100
$375.1K
Cap Rate 9%
$291,744
$291.7K
Market Conditions
NOI Build-Up for 1,788 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
$39.7K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$37.5K $20.98/SF
− OpEx
−$11.3K −$6.29/SF
NOI
$26.3K $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%
$525,140
Cap Rate 7%
$375,100
Cap Rate 9%
$291,744
Alternative Uses
Best Use
Multifamily LT 5
$375.1K
$328.2K – $437.6K
NOI $26,257 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$347.5K
$304.1K – $405.5K
NOI $24,327 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.82M
NOI $229,311 @ 7.0% cap · market cap 43.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,312
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both units include private laundry, while the first-floor residence adds a screened porch for outdoor use.
Where is this duplex located?
The property is located at 98 Vine Street Nashua, NH.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Duplex with 1788 square feet of building area; 0.14‑acre parcel in Nashua, NH; Two‑car garage plus patio and screened porch
