Quadplex with Three-Car
New
For Sale
$875,000
99 Palm Street, Nashua, NH 03060
Multi-Family, Nashua, NH
Property Size4,302 SF
Lot Size0.26 Acres
Price / SF$203.39
Days on Market2
Property Features for 99 Palm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 8, Basement, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Lot features
City Lot
Elementary school district
Nashua School District
Middle school district
Nashua School District
High school district
Nashua School District
Directions
Exit 5 off Rte 3. Rte 111 to Palm St, Home on the Right.
Standard status
Active
Size
4,302 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11439
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
private backyard
fenced backyard
grassy area
vinyl windows
attic storage
washer/dryer hookups
private entrance
separate utilities
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Hardwood, Tile
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed By:
Jennifer Delisle
(603) 232-8282
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 6:06PM
MLS# 5105726
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 4,302-square-foot quadplex, built in 1920, contains four residential units. Two duplex-style residences span two levels and each includes three bedrooms and one bathroom, while two lower-level apartments provide one bedroom and one bathroom apiece. Every unit has a private entrance, separate utilities, and washer/dryer hookups. Additional features include attic storage in the main units, vinyl windows, and a mix of tile, hardwood, and vinyl flooring.
The property occupies 0.26 acres at 99 Palm Street in Nashua, New Hampshire. Site improvements include 11 off-street parking spaces, a three-car garage, and a fenced backyard with a grassy area. All four units are leased on a month-to-month basis. RC zoning, public water, natural-gas heat, vinyl siding, and a shingle roof complete the property profile.
The property occupies 0.26 acres at 99 Palm Street in Nashua, New Hampshire. Site improvements include 11 off-street parking spaces, a three-car garage, and a fenced backyard with a grassy area. All four units are leased on a month-to-month basis. RC zoning, public water, natural-gas heat, vinyl siding, and a shingle roof complete the property profile.
Key Highlights
- Four‑unit configuration with two three‑bedroom/two‑level residences and two one‑bedroom lower‑level apartments
- 4,302 square feet on a 0.26‑acre lot; built in 1920
- 11 off‑street parking spaces plus a three‑car garage
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
$63,176
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
7.22%
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%
$1,263,520
$1.3M
Cap Rate 7%
$902,514
$902.5K
Cap Rate 9%
$701,956
$702.0K
Market Conditions
NOI Build-Up for 4,302 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
$95.5K $22.20/SF
− Vacancy
−$5.3K −$1.22/SF
EGI
$90.3K $20.98/SF
− OpEx
−$27.1K −$6.29/SF
NOI
$63.2K $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%
$1,263,520
Cap Rate 7%
$902,514
Cap Rate 9%
$701,956
Alternative Uses
Best Use
Multifamily LT 5
$902.5K
$789.7K – $1.05M
NOI $63,176 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$836.2K
$731.7K – $975.6K
NOI $58,533 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$7.88M
$6.90M – $9.20M
NOI $551,732 @ 7.0% cap · market cap 63.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,471
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?
Quadplex - Four independently entered residences include separate utilities, laundry hookups, and flexible month-to-month occupancy.
Where is this quadplex located?
The property is located at 99 Palm Street Nashua, NH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four‑unit configuration with two three‑bedroom/two‑level residences and two one‑bedroom lower‑level apartments; 4,302 square feet on a 0.26‑acre lot; built in 1920; 11 off‑street parking spaces plus a three‑car garage
