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Listed price in listed location currency (USD).
$1,130,000

000

MLS® 5092356

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 5338 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1885
Avg. Price Per Sqft $211
MLS® Number 5092356

Property Address: 261 Union Ave, Laconia, NH, 03246-3111

Average square foot calculated using Size range provided by listing agent.

Description

9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1, 432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
MLS® Number5092356
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1885
BasementConcrete Floor, Dirt Floor
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 2, 2026List Date
$1,130,000List Price
  • Commute

Commute

Starting Address
Destination Address
261 Union Ave, Laconia, NH

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