Great investment opportunity in the heart of downtown Nashua. Three story mixed-use building on a corner lot consisting of (4) 1 Bedroom apartments, (4) Studio apartments, (1) Subdividable street-level 2600+/-SF Retail space with a full lower level providing over 4600+/-USF. Multiple units recently updated with new flooring, cabinets & fixtures. All units are separately metered for gas and electric. Municipal water/sewer, trash and snow removal. Common area coin-op laundry generating consistent additional income. New GenFlex EPDM membrane roof 2 yrs. High demand and currently well-below market rents provide an excellent opportunity for easy revenue growth potential. Convenient location for walking & commuter tenants located directly across from the Elm St Parking Garage & Nashua Transit Center, and steps away from the new performing arts center and a diverse multitude of great Main St area shops, restaurants & pubs.
Sold for $1,650,000
$1,650,000
23 Elm St, Nashua, NH 03060
8beds
10,658sqft
5-9 Family
Built in 1920
-- sqft lot
$1,796,800 Zestimate®
$155/sqft
$2,235 Estimated rent
Home value
$1,796,800
$1.60M - $2.01M
$2,235/mo
Zestimate® history
Owner options
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$2,235/mo
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$2,235/mo
Rent Zestimate®
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$9,052/mo
Est. payment
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$9,052/mo
Est. payment
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List your homeWhat's special
Elm st parking garageStudio apartmentsCommon area coin-op laundryNew performing arts centerMultiple units
Zillow last checked:
Listing updated:
Listed by:
Brian Garvey 978-431-2422,
Keller Williams Gateway Realty 603-883-8400
Bought with:
Brian Garvey
Keller Williams Gateway Realty
Source: MLS PIN,MLS#: 73195323
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 10
- Full bathrooms: 8
- 1/2 bathrooms: 2
Features
- Flooring: Wood, Tile, Vinyl, Hardwood
- Windows: Insulated Windows
- Basement: Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 10,658
- Total interior livable area: 10,658 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Enclosed
Lot
- Size: 2,700 sqft
- Features: Corner Lot, Level
Details
- Parcel number: M:81 L:00027,369233
- Zoning: D1MU
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Brick
- Foundation: Block, Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Medical Facility
Location
- Region: Nashua
HOA & financial
Other financial information
- Total actual rent: 12536
Other
Other facts
- Listing terms: Seller W/Participate,Contract
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/15/2024 | Sold | $1,650,000-5.7%$155/sqft |
Source: MLS PIN #73195323 Report a problem | ||
| 1/22/2024 | Listed for sale | $1,750,000$164/sqft |
Source:  PrimeMLS #4982840 Report a problem | ||
| 1/22/2024 | Contingent | $1,750,000$164/sqft |
Source: MLS PIN #73195323 Report a problem | ||
| 1/22/2024 | Listed for sale | $1,750,000$164/sqft |
Source: MLS PIN #73195323 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $17,992 +41.2% | $1,131,600 +61.9% |
| 2023 | $12,743 +0.9% | $699,000 |
| 2022 | $12,631 +34.9% | $699,000 +73.4% |
| 2021 | $9,362 +2.7% | $403,200 |
| 2020 | $9,116 +3.9% | $403,200 |
| 2019 | $8,774 +2.6% | $403,200 |
| 2018 | $8,552 -26.6% | $403,200 -10.8% |
| 2017 | $11,652 +2.9% | $451,800 |
| 2016 | $11,327 +2.2% | $451,800 |
| 2015 | $11,083 +2% | $451,800 |
| 2014 | $10,866 | $451,800 |
Find assessor info on the county website
Neighborhood: 03060
Nearby schools
GreatSchools rating
- 3/10Amherst Street SchoolGrades: K-5Distance: 0.8 mi
- 6/10Pennichuck Middle SchoolGrades: 6-8Distance: 1.9 mi
- 6/10Nashua High School NorthGrades: 9-12Distance: 2.4 mi
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Estimated market value
$1,796,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,796,800
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